Albert Ueltschi Net Worth

Albert Ueltschi was born in United States. Albert Ueltschi developed a passion for flight after hearing a radio broadcast of Charles Lindbergh's 1927 transatlantic flight. He subsequently opened a hamburger stand named "Little Hawk" to raise money for flying lessons. At age 16 he was making solo flights. He later dropped out of the University of Kentucky to give flying lessons and barnstorm around the country before eventually becoming a pilot for Pan Am. In 1951, Ueltschi founded the aviation training company FlightSafety International. He took the company public in 1968 and sold it to fellow billionaire Warren Buffett's Berkshire Hathaway for $1.5 billion in stock in 1996. He still maintains his holding in the firm, honoring his pledge to Buffett that he would do so indefinitely. Ueltschi is also the Chairman Emeritus of Orbis International, one of the largest blindness charities in the world. Along with his son, James, Ueltschi co-founded HelpMeSee, an organization with two missions: to directly fund surgeons who perform low-cost lens replacement surgery for blind individuals in developing countries and to train 30,000 cataract specialists in Manual Small Incision Cataract Surgery.
Albert Ueltschi is a member of Service

💰 Net worth: $2.1 Billion

2010 $1.85 Billion
2011 $1.7 Billion
2012 $2.1 Billion
2018 $2.1 Billion

Some Albert Ueltschi images

Biography/Timeline

1941

He began his career with Pan Am in 1941 as Juan Trippe's private pilot, retiring in 1968 at the age of 50. While employed with Pan Am, Ueltschi married his wife Eileen in June 1944.

1951

He founded FlightSafety International in 1951, the world's foremost aviation training organization, after noticing that corporate pilots did not receive the same rigorous training as airline pilots had. His first endorsement came from Trippe, who was President of Pan Am at the time. Ueltschi stepped down as President of FlightSafety in 2003, yet remained Chairman. The motto he started with still remains with FlightSafety today: "The best safety device in any aircraft is a well-trained crew." Berkshire Hathaway acquired FlightSafety in late 1996.

2010

In 2010, Ueltschi cofounded HelpMeSee with his son Jim, to address cataract blindness in the developing world by training thousands of cataract specialists using techniques developed by Ueltschi himself.

2012

On September 18, 2012, Ueltschi signed The Giving Pledge, noting his commitment to cataract relief.