Meet The CEO Africa

King Mohammed VI

King Mohammed VI is the eighteenth king of Morocco. Belonging to the Alaoutie dynasty, he came into power on 23 July, 1999 shortly after the death of his father, King Hassan II. He is also Morocco’s leading businessman and banker. 

Who is King Mohammed VI? 

King Mohammed has vast business holdings across various economic sectors in Morocco which has yielded over $5 billion. He was named Africa’s wealthiest monarch in 2014 by Forbes Business magazine and the fifth richest King in the world. Mohammed is also a leading agricultural entrepreneur and land owner in his country. His holding company called “Siger” has shares in the giant agricultural group “Les domaines agricoles” (originally called “Les domaines royaux”), which was founded by his father, Hassan II. 

Early Life 

King Mohammed VI was the oldest son and second child of Hassan II and his second wife, Lalla Latifa Hammou. He was born on August 21, 1963 in Rabat, Morocco as Sidi Mohammed. He was appointed Heir Apparent and Crown Prince on the day he was born. At the age of four (4) years old, he started attending the Quaranic school at the Moroccan Royal Palace due to his father’s eagerness to get him religious and political education at a young age. 

Gaining a bachelor’s degree in law in 1985 at the Mohammed V University at Agdal, Mohammed VI went further to obtain a CES in political sciences and a DEA in public law, topping it all off with a PhD in law with a distinction on October 29, 1993 from the French University of Nice Sophia Antipolis. 

 

Mohammed’s Career 

Being a part of the Moroccan Royal family, King Mohammed VI has a share in one of the largest fortunes in the world. King Mohammed VI inherited a total of 35% stake in SNI (Societe Nationale d’Investissement) which is a holding company having stakes in numerous public companies. The portfolio of SNI is diverse and consists of many important businesses operating in different sectors of Morocco, a few of which include: Managem (mining), Wafa Assurance (insurance), Onapar, SOMED (Tourism/Real estate), Attijariwafa bank (banking), Wana-Inwi (telecommunications), Navera (energy), Marjane (hypermarket chain) and many more. SNI also

owns a lot of food processing companies, but is in the process of disengaging from the activities of this sector. SNI sold Bimo, Lessieur, Cosumar and Centrale Laitière to foreign groups between mid 2012 and 2013, for a total amount of ~$1.37 billion (11.4 billion Dirhams including 9.7 billion in 2013 and 1.7 in 2012). 

Mohammed VI’s Net Worth 

According to Forbes magazine, King Mohammed VI’s net worth is said to have an estimated value of between $2.1billion and $5 billion as at 2014, when he was named the richest King in Africa and the fifth richest monarch in the world. 

Awards, Recognitions, Honors and Decorations 

National orders: 

  • Grand Master of the Order of Muhammad, (23 July 1999) 
  • Grand Master of the Order of Fidelity, (23 July 1999) 
  • Grand Master of the Order of Ouissam Alaouite, (23 July 1999) 
  • Grand Master of the Order of the Independence Combat, (23 July 1999) Grand Master of the Order of Military Merit, (23 July 1999) 
  • Grand Master of the Order of the Throne, (23 July 1999) 

In addition to these, Mohammed VI has also has received numerous decorations and honors from various countries, some of which include: 

Foreign orders: 

  • Grand Officer of the Order of the Equatorial Star of Gabon (7 July 1977)
  • Collar of the Order of Civil Merit of Spain (2 June 1979) 
  • Honorary Knight of the Grand Cross of the Royal Victorian Order of Great Britain and Northern Ireland (27 October 1980) 
  • Grand Cordon of the Order of the Republic of Tunisia (August 1987) 
  • Grand Cross of the Order of Merit of the Italian Republic of Italy (18 March 1997)
  • Grand Cross of the Legion of Honour of France (19 March 2000) 
  • Collar of the Order of al-Hussein bin Ali of Jordan (1 March 2000) 
  • Grand Cordon of the Order of National Merit of Mauritania (26 April 2000)
  •  Grand Collar of the Order of the Seventh of November of Tunisia (31 May 2014, previously Grand Cross on 24 May 2000) 
  • Grand Cordon of the National Order of Mali of Mali with Collar (14 June 2000)
  • Wissam of the Order of Oumayid of Syria (9 April 2001) 
  • Wissam of the Order of Merit of Lebanon Special Class (13 June 2001) 
  • Grand Collar of the Order of al-Khalifa of Bahrain (28 July 2001) 
  • Collar of the Order of Mubarak the Great of Kuwait (22 October 2002)
  • Cordon of the Order of the Independence of Qatar (25 October 2002)
  • Grand Cordon of the Order of the Nile of Egypt (28 October 2002)
  • Grand Cross of the Order of Pakistan First Class (Nishan-e-Pakistan) of Pakistan (19 July 2003) 
  • Grand Cross of the Order of Valour of Cameroon (17 June 2004) 
  • Grand Cross of the National Order of the Niger of the Niger (24 June 2004)
  • Grand Cordon of the Order of Leopold of Belgium (5 October 2004)
  • Collar of the Order of the Southern Cross of Brazil (26 November 2004)
  • Medal of Honour of the Congress of Peru (1 December 2004) 
  • Collar of the Order of Bernardo O’Higgins of Chile (3 December 2004)
  • Grand Collar of the Order of the Liberator General San Martin of Argentina (7 December 2004) 
  • Grand Collar of the Order of the Aztec Eagle of Mexico (11 February 2005)
  • Grand Cross of the Order of Burkinabé of Burkina Faso (1 March 2005)
  • Supreme Collar of the Order of the Chrysanthemum of Japan (28 November 2005)
  • Grand Commander of the Order of the Republic of the Gambia (20 February 2006)
  • Grand Cross of the Order of Merit of the Congo of the Republic of Congo (22 February 2006) 
  • Collar of the Order of Abdulaziz Al Saud of Saudi Arabia (18 May 2007)
  • Grand Collar of the Order of Independence of Equatorial Guinea (17 April 2009)