Michael Fayad is a businessman, financier, and entrepreneur. He has changed the business model of Bluegreen, an international energy and natural resources group created in 1983 and majority owned by Bucherer, the biggest owner of jewelry chain stores in the world and the world’s largest supplier of watches and jewelry in the luxury segment. Bluegreen still invests in oil and gas upstream and in mining in Europe, Africa and the Middle East but is now also investing in clean hydrogen, geothermal energy and fertilizers as it is committed to an energy transition, a digital transformation and a wider global food security. Bluegreen created and owned Navigator Gas which has the world’s largest fleet of ethylene and LPG, Petrochemicals and Ammonia carriers, owns the world’s largest ethylene export terminal in Houston, Texas, United States and which reached a market capitalization of €4 billion in 2013 (listed on the New York Stock Exchange under the name: Navigator Holdings Ltd). Through Horsham Corporation, Bluegreen was also the controlling shareholder of Barrick, the world’s largest gold and copper producer listed on the Toronto and New York Stock Exchanges with gold operations in the US, Canada, Tanzania, Democratic Republic of Congo (i.e. Congo-Kinshasa), Mali, Côte d’Ivoire, Zambia, Australia, Papua New Guinea, Dominican Republic, Peru, Chile and Argentine and copper operations in Saudi Arabia, Zambia and Chile.
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