- Category:
- Richest Business
- Net Worth:
- $2.1 Billion
- Birthdate:
- May 15, 1917 - Oct 18, 2012 (95 years old)
- Birthplace:
- Kentucky
- Gender:
- Male
- Nationality:
- United States of America
What is Albert Ueltschi's Net Worth?
Albert Ueltschi was the founder and chairman of FlightSafety International who had a net worth of $2.1 billion. Widely considered as the father of modern aviation training, Albert Ueltschi was also a personal pilot to the notable airline entrepreneur Juan Trippe, as well as an associate to Charles Lindbergh. Albert Lee Ueltschi (May 15, 1917 – October 18, 2012) was born and raised in Franklin County, Kentucky where he first developed his passion for flying. He was sixteen when he opened a hamburger stand "Little Hawk" to raise money for flying lessons. Soon, he was making solo flights and dropped out of the University of Kentucky to give flying lessons around the country before eventually becoming a pilot for Pan Am.
It was in 1951 that he set up his aviation training company FlightSafety International. In 1968, he took the company public and in 2006 he sold it to fellow billionaire Warren Buffett's Berkshire Hathaway for $1.5 billion in stock. Aside from airplanes and flying, Ueltschi was also the Chairman Emeritus of Orbis International, one of the largest blindness charity foundations in the world. Furthermore, he and his son Jim founded HelpMeSee in 2010 in an attempt to address cataract blindness in the developing world.
