Muslim Immigrant Gifts 10% of His Multi-Billion Dollar Company to His Employees

chobani

Hamdi Ulukaya, a Muslim Kurdish immigrant and CEO of multi-billion dollar yogurt business, Chobani has surprised his 2,000 full-time employees by giving them a 10% stake in the company.

Ulukaya founded the company which sells Greek yogurt in 2005 and it has rapidly grown in the last 10 years.

chobani plant

Chobani Yogurt Plant Photo: Chobani / Johannes Arlt

The company has been valued between $3-5 billion which means the average payout for each employee will be $150,000 with some employees potentially receiving shares worth over $1 million.

In a letter to his employees, Ulukaya wrote:

“My dream, from day one, was to share our success with this entire family—for us all to have a stake in our future, working together to grow Chobani and furthering our mission as a modern food company,”

Ulukaya has employed a diverse range of staff including refugees fleeing war. In 2014 Ulukaya pledged to donate $2 million to provide immediate relief for those being persecuted in Iraq and Syria.

This just goes to show despite the anti-immigrant rhetoric being spread by some politicians, people like Ulukaya are making a positive contribution to American society, both economically and to people’s lives.

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Written by Rafiq ibn Jubair

Rafiq ibn Jubair is the founder and editor-in-chief of IlmFeed. He is a graphic designer and digital marketing specialist by profession. Rafiq is also a graduate of the Islamic Sciences and has Ijazas (formal authorisation) in Hadith, Tafsir and Fiqh amongst other subjects.