Nothing can be more ironic than the fact that five passengers on board a sophisticated deep-diving submersible named Titanic will be meeting the same fate as the legendary Titanic cruise liner it was to make a tryst with. Among the passengers were Shahzada Dawood, One of Pakistan’s Richest Men, and his son, Suleman Dawood. It has since been confirmed that all the passengers of the ill-fated submersible are dead.
Shahzada Dawood held the position of vice-chairman of Engro Corporation, and a director of Dawood Hercules Corporation. Additionally, he was a board member of The Prince’s Trust, a board member of the SETI Institute, and a trustee of The Dawood Foundation.
He and his son Suleiman, 19 years were moving towards the Titanic cruiser which had sunk in 1912 after it hit an iceberg in North Atlantic.
Shahzada and his son boarded the submersible Titanic to have a view of the Titanic wreck 12,500 feet underwater. However the submersible lost connection with its mother ship. A huge international effort was started with navies, air force, and coast guard vessels pushed in to locate the lost submersible. His wife, Christina, and daughter, Alina, have been waiting for any news of the duo.
Below in this article, we’re going to decode Shahzada Dawood net worth and his income sources:-
Shahzada Dawood Net Worth and Income Sources
Shahzada Dawood, 48, is a multi-billionaire and is also the vice chairman of the investment and holding company based in Karachi, Pakistan Dawood Hercules.
Shahzada Dawood, one of Pakistan’s richest men, and his son met their watery grave when the Titanic submersible imploded, unable to bear the enormous pressure at the depths of more than 1.5 kilometers. The submersible has been detected a few hundred from the ill-fated Titanic cruiser.s last resting place.
Shahzada Dawood’s net worth is estimated to be $360 million. He is one of the richest men in Pakistan. He studied at Karachi University and started working for Dawood Group. He was appointed vice chairman of the Dawood Hercules Corporation in 1996.
Shahzada as already mentioned holds the position of vice-chairman of the Pakistani conglomerate Engro Corporation. This company is known to manufacture fertilizers. He is married to Christine and has two kids-Alina and Suleman. His family had been living in Canada for a month before the expedition.
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The expedition has led to many questions being raised about the scientific utility of such expeditions. For money-rich tycoons, it is more about prestige and social status than some real scientific purpose for such expeditions. We have seen in the past numerous billionaires who have ridden piggyback on Space X rockets to space. Corporations often resort to shortcuts to rein in the gullible, often disregarding safety considerations leading to tragic consequences. The latest Titanic disaster was something that was waiting to happen. One cannot mix scientific pursuit with personal pleasure. Space travel and deep sea exploration are serious scientific endeavors and must remain thus. Hope this tragedy will help the billionaires to understand this fact.
