What is Jose Llado Fernandez-Urrutia's Net Worth?
Jose Llado Fernandez-Urrutia is a Spanish politician and businessman who has a net worth of $1.6 billion. A newcomer to billionaire rankings, Fernandez-Urrutia is the founder of Tecnicas Reunidas, which is a Spanish-based contractor that provides engineering, procurement and construction of industrial and power generation plants, most notably in the oil and gas sector. Ever since its formation in 1960, the company has turned into a multibillion-dollar business with revenues estimated at $3.6 billion in 2012.
In February 2013, it won the bid to build a refinery for Lukoil in Russia, whereas its ongoing projects include three petrochemical plants in Saudi Arabia. With every successfully completed project and every surge in the company's shares also raises Llado's net worth since he owns 37% of the company and serves as chairman. Throughout the last year, shares rose some 30%.
