Being successful is one thing in doing business, giving out to the public is another, the man to be talked about in this article is Kase Lukman Lawal. I believe we all know that this great men did not just start and made it once, they must have faced a lot in life before achieving all they had today. Now let’s dive into the biography of a great Nigerian, who lives in the United States. Trust me when I say you will be inspired by this…{ Kase Lawal Net Worth Biography}.

  • Full Name: Kase Lukman Lawal
  • Age / Date of Birth: June 30, 1954
  • State Of Origin: Ibadan Nigeria
  • Kase Lawal Net Worth 2018: $3 Billion
  • Industry: Oil and Gas
  • Company (Among Others): CEO and Founder of CAMAC Holdings

Kase Lawal Net Worth Biography

Biography of Kase Lawal Net Worth Investments and Company

Born in Ibadan, the year 1954, June 30th is Kase Lukman Lawal. He is a Nigerian born who lives in the United States, his father was a local politician while his mother was a textile trader.

Lawal obtained his Bachelor of Science in Chemistry from Southern Texas University in the year 1976 and during 1978, he also obtained his MBA from Prairie View A&M University Texas.

Growing up, Lawal always knew he was going to be a businessman, but as at then, he was not certain about the choice of business that he should run. When he made the decision to relocate to the United States, his father opposed it. He feared for his son’s safety and was not sure if he would adapt to the American way of life and also their type of educational system.

Lawal founded a company called CAMAC Holdings. CAMAC holdings deal with international oil exploration, refining, and trading. The company has more than one thousand employees (1,000) in the United States and South Africa.

Lawal was eager to be part of the civil rights struggle, he arrived in the United States in the early 1970s, which he later moved to Houston Texas (US) in the year 1972. After college, Lawal worked in the Oil industry as an engineer and chemist.

At first, when he began his company CAMAC in 1986, CAMAC which means “Cameroon-America. The company traded in agricultural commodities such as sugar, tobacco, and rice. 80% of the company was owned by Lawal, wife and his children while the remainder is being divided among his brothers and sisters. The company moved into the oil business in 1989 after the president of the organization of petroleum exporting countries Rilwanu Lukman who urged Lawal to change focus from agriculture to oil exploration which was actually more lucrative.

CAMAC was not having enough funds for oil exploration, they had to go into partnership with CONCO in 1991. CONCO is a Houston based oil company, they had money to fund the oil exploration while CAMAC owned the rights to blocks of land in Africa where the exploration would take place. In the year 2002, the partnership was a successful one and it was producing more than 20,000 barrels of oil per day, this made Lawal successful beyond his expectation.

Despite being successful in this line of business, he decided to move away from exploration of oil and he made up his mind to be getting contracts and assemble a risk management team that could deal with the volatility of selling oil and gas, which means instead of just producing and others will be doing the selling, he decided to merge the two process together. Trading provided more revenue than exploration and production in CAMAC, the boom in the revenue took place in 1998, when they change to an integrated business that provided both upstream and downstream services. The upstream services which include the exploration and production of oil and gas, downstream services which involves the trading and refining of products. In 1999, the company revenues were $114.26 million, $571.54 million in 2000 and $979.5 million in 2001.

There was some expense in the oil business in the United States, it faced some expensive environmental upgrades to reduce the amount of Sulphur in the fuel produced. CAMAC moved some equipment from its Blue Island Refinery which is located in Illinois for reassembly at a newly developed refinery complex in Cape province. The aim of the new development and target is to refine 13,000 barrels a day.

Lawal was active in international politics, he was active in Houston and he dedicated approximately 60% of his time to public service. Lawal carried out some good works, he helped to establish the port’s small business development program which was meant to award contracts to Houston area business and he also developed a memorandum of friendship agreement with 20 ports. Lawal helped Houston to maintain its international presence and its flourishing import-export trade.

Kase Lawal Net Worth Biography Richest Black Man in Texas Houstin US

Kase Lawal Net Worth 2018

Lawal has actually built his company into a billion-dollar business, it ranked number one in 2002 and 2003 in Black Enterprise’s prestigious list of top 100 black owned firms in America. He has also won lots of awards all over, he has won the US Africa business person of the year, US Africa the newspaper 1997, Texas black business hall of fame, A&M university distinguished business leader award, 2003.

Kase Lawal Net Worth 2018: $3 Billion

Presently, Kase Lawal has a networth of over $3 Billion, amazing right. He has built a good name and reputation to the people, Lawal is not actually going to stop, as he have plans of giving more back to the public.

He is a member of port of Houston Authority (Commissioner and vice chairman, 1999), United states trade advisory committee on Africa, Houston Mayoral Advisory board on international Affairs and development (Chairman), Greater Houston partnership (Board Member), Board of directors, Houston airport system development corporation (Vice chairman).

Lawal is actually doing well for himself, he is a role model and also one to black people. He encouraged more blacks to get involved in the oil industry as enterpreneurs. He has helped Houston financially, politically and even more. Lawal does not do things for fanfare, he goes straight to the point and he does what he loves.

When he helped the port of Houston as of 2004, the port was first in the United States in foreign tonnage which also included the nation’s largest petrochemical complex.

In terms of being rich and successful, Lawal has actually made a name for himself. He has achieved what lots of people could not do. All of these took time, patience and also good advice. Lawal has proved to the world, that blacks can also become successful and great in another land other than theirs.

Not just a businessman for fanfare only, but also to help out where he resides in. Kase Lawal is a great man and we love him so much.

That’s all on Kase Lawal Net Worth Biography 2018, kindly share your suggestions with us through the comment box and remember to like us on facebook.com/Networthjet


Tags: Richest Black Man In Texas Houston

Updated: — 9:53 am

Leave a Reply

Your email address will not be published. Required fields are marked *