Richard Elman

Education

high school dropout

Profession

Businessman

Net worth

$1,800,000,000

Source of Wealth

Commodities

Nationality

United Kingdom

Marital Status

Married

Children

four children

Richard Elman is the founder of Noble Group Ltd. and he has an estimated net worth of $1.8 billion according to Forbes as of March 2013. He is the 29th richest person in the Top 50 Richest People in Hong Kong and the 28th richest man in the United Kingdom. He is also ranked 831st in the list of World Billionaires.

Mr. Elman has built his estimated net worth of $1.8 billion while working at Noble Group. Since November 2011, he has been the acting Chief Executive Officer of the firm. His current earnings has been down due to the falling value of his shared in the Hong Kong-based company.

In order to cope with the fall in his stakes, Elman has imposed a new growth strategy by venturing into the natural gas market in the United States. With the decrease in the U.S. energy prices, given the shale gas boom, he has opened for Noble to sell natural gas from America to Asia and Europe.

Richard Elman may have been ruled out of his retirement but he is still actively involved in the company. Noble may have appointed Goldman Sachs banker Yusuf Alireza as its CEO last year but Elman still has his voice in the group.

Before launching Noble Group in1986, Richard Elman has worked for ten years with Phibro. He has served as its Regional Director for Asia operations as well as two years as its board of director. With his more than 40 years of experience in the physical commodities trading industry, he was named as the Non-Executive Chairman of Noble since November 2010. He was also the Chairman Emeritus from September 1, 2010 to November 2010.