Flamini close to being multi-billionaire after becoming CEO of rich company

Former Arsenal star Mathieu Flamini has been appointed CEO of the chemicals company he co-founded in a move which could make the former footballer a multi-billionaire.

Flamini, 38, announced his retirement in 2019 after two spells with Arsenal, before moving on to join AC Milan on a free transfer. He moved back to the Premier League with Crystal Palace before ending his career with La Liga outfit Getafe.

And since hanging up his boots, the former midfielder has been busy amassing a huge fortune with GF Biochemicals, the company he co-founded in 2008. The firm was the first in the world to mass-produce levulinic acid and its fuel is made from plant waste which can be used to create plastic in an environmentally friendly way.

The ex-Gunners ace, whose estimated net worth is £10billion according to Forbes, said: "We founded GF Biochemicals with the ambition of finding sustainable alternatives to oil-based products." After being appointed chief executive of the company, Flamini is set to boost his personal fortune which will make him a multi-billionaire.

Flamini is confident that new funding secured from a round of investment will be used towards further investment for different areas of the company including partnerships, research, development of an intellectual property and towards building a production facility.

"What we’re trying to achieve here is to tackle the chemical pollution," added Flamini, whose ambition to help the environment remains priority. "This investment is a first step of a major journey which will also move in the direction of developing key partnerships and agreements with large producers of household and industrial goods."

HAVE YOUR SAY! Do you believe more footballers should use this as an inspiration to help the environment? Have your say in the comment section below…

The company, which is named after Flamini and his business partner Pasquale Granata's initials, has around 50 employees on their books and opened offices in Netherlands and Italy, as well as growing their size by acquiring American company Segertis.

It is not the only business venture the former Gunner has taken part in after joining his friend and ex-Arsenal playmaker Mesut Ozil in setting up the Unity Performance Academy. The pair have put their expertise to work to help people “achieve peak performance in the key areas of mindset, nutrition, training and recovery”.

While Flamini's football career was blighted by injuries which made the past France international more of a squad player, it seems his moves away from the pitch have propelled him to the top of the chemicals business. And with his eye-watering personal fortune, his status is now secure as one of the richest sport stars in the world.

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