Albert Nahmad
$1.54B
as of 10/04/24
About Albert Nahmad
Albert Nahmad is CEO and 6% shareholder of Watsco, a large distributor of air conditioning, heating and refrigeration parts.
Born in Panama, Nahmad emigrated to the United States to study engineering at the University of New Mexico and Purdue.
In 1973, Nahmad bought a stake in Watsco, then a small, publicly-traded company.
Using a highly acquisitive strategy, Nahmad helped Watsco grow from a market cap of $22 million in 1989 to nearly $20 billion now.
Nahmad's children are active in his businesses. His son is president of Watsco; his daughter is president of the Nahmad Family Foundation.
Personal stats
Citizenship
United States of AmericaSource of wealth
Air conditioning partsResidence
Coral Gables, FloridaMarital status
MarriedBirth date
10/15/40 (age 83)Number of children
2Self-made
self-madeAlbert Nahmad’s fortune is worth
26K
troy ounces of gold
24K
median U.S. household
15K
median U.S. income
0.031%
U.S. credit card volume
0.006%
GDP of the United States
0.005%
United States debt
Net worth over time
Real-time ranking
Financial assets
NYSE | WSO-US
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