Shahzada Dawood’s Biography, Net Worth and his Tragic Death Story During a Titanic Wreckage Expedition.
Shahzada Dawood's Biography and his Tragic Death Story During a Titanic Wreckage Expedition.
Introduction:
Shahzada Dawood, a British-Pakistani businessman, investor, and philanthropist, sadly met an untimely end on June 18, 2023. Alongside his 19-year-old son, Suleman, and three others, they tragically lost their lives when the Titan submersible experienced a catastrophic event during a tourist expedition to witness the Titanic wreckage.
Early Life and Education
Shahzada Dawood was born on February 12, 1975, in Rawalpindi, Pakistan. He was the son of Hussain Dawood, a renowned Memon industrialist and the founder of Dawood Hercules Corporation.Shahzada completed his LLB degree at Buckingham University and furthered his education by earning an MSc in global textile marketing from Philadelphia University, which is now known as Thomas Jefferson University.
Career
Shahzada Dawood held significant positions in prestigious organizations throughout his career. He served as the vice-chairman of Engro Corporation and held a directorial role at Dawood Hercules Corporation. His involvement with Engro Corporation began in 2003, eventually becoming its vice-chairman in October 2021. Shahzada actively pursued growth opportunities through mergers and acquisitions in various sectors, including textiles, fertilizers, foods, and energy.
In recognition of his notable contributions, Shahzada Dawood was honored as a Young Global Leader by the World Economic Forum in the year 2012. He also had the privilege of speaking at the United Nations in 2020 during the International Day of Women and Girls in Science.
Philanthropy
From 1996 until his passing in 2023, Shahzada Dawood served as a trustee of The Dawood Foundation (TDF), a family foundation dedicated to promoting education. TDF played a vital role in coordinating the Hussain Dawood Pledge, a private donation aimed at combating the COVID-19 pandemic in Pakistan. Moreover, Shahzada actively participated in initiatives aimed at offering mental health support to individuals impacted by the pandemic.
He also served as a trustee of The Engro Foundation, a member of the Global Advisory Board for Prince’s Trust International, and a board member of the SETI Institute.
Net Worth
Shahzada Dawood, a renowned Pakistani and British businessman, is reported to have a net worth of approximately $360 million.
This information can be found in various reputable sources such as Wikipedia, Forbes, and Bloomberg. Shahzada Dawood is considered one of the wealthiest individuals in Pakistan, and his fortune primarily stems from his association with the Dawood Group, which is recognized as one of the largest business conglomerates in the country.
As of 2023, Shahzada Dawood’s estimated monthly salary exceeds $2 million, and his yearly income surpasses $20 million. Please note that this information is based on available data up until 2021, and the current net worth may have changed since then.
Personal Life and Interests
Shahzada Dawood was married to Christine Dawood, and they were blessed with two children, Suleman and Alina. In 2016, he became a citizen of Malta through the Individual Investor Programme.
Media reports highlighted Shahzada’s keen interest in exploring natural habitats and renewable energies. He was described as a passionate photography enthusiast, particularly focused on wildlife photography and discovering different natural environments.
Titan Expedition and Tragic Loss
Shahzada Dawood, driven by his long-standing passion for science and discovery, embarked on a family journey from London to Canada. Over Father’s Day weekend, he and his son, Suleman, booked tickets for the Titan submersible expedition to witness the remains of the Titanic, which sank in the North Atlantic Ocean in 1912.
The dive was expected to descend to a depth of 3,800 meters (12,500 ft) and last approximately eight hours. Sadly, approximately 90 minutes after the descent began on June 18, 2023, communication with the surface ship, MV Polar Prince, was lost. Extensive search and rescue missions involving the United States, Canada, and France were conducted.
On June 22, 2023, the United States Coast Guard confirmed the discovery of debris around 490 meters (1,600 ft) from the bow of the Titanic. The debris indicated a catastrophic loss of the pressure chamber, leading to the conclusion that all passengers aboard the Titan, including Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul-Henri Nargeolet, and OceanGate CEO Stockton Rush, had tragically lost their lives.
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