Who is the Top 10 Richest Man in Saudi Arabia?
Who is the Top 10 Richest Man in Saudi Arabia?– Saudi Arabia, also known as the Kingdom of Saudi Arabia, is situated on the Arabian Peninsula in Western Asia. It is the largest country in Western Asia and the second-largest in the Arab world, spanning a land area of approximately 2,150,000 km². The country is home to some of the wealthiest individuals in the Middle East, with the richest person having a net worth of about $14.3 billion. This article provides an overview of the 10 richest men in Saudi Arabia.
In this article, we will learn about Who is the Top 10 Richest Man in Saudi Arabia?
Who is the Top 10 Richest Man in Saudi Arabia?
1. Al Waleed bin Talal Al Saud
Al Waleed’s net worth in 2023 is $17 Billion. Prince Alwaleed Bin Talal Alsaud is a Saudi businessman, philanthropist, and entrepreneur. He is related to the late King Abdullah of Saudi Arabia as his nephew, and he is also the grandson of Lebanon’s first Prime Minister, Riad Al Solh. Additionally, he is the grandson of King Ibn Saud, who was the first monarch of Saudi Arabia.
Prince Alwaleed, a member of the Saudi royal family, has stakes in various public and private organizations across the United States, the Middle East, and Europe. Talal Alsaud, a high-profile figure, was recognized in Time magazine’s top 100 most influential people in 2008.
With investments in companies such as Twitter, Four Seasons Hotels & Resorts, Citigroup, and Lyft, among others, the estimated net worth of the individual in question has reached $18.7 billion. Additionally, the individual has purchased high-end hotels such as the Savoy in London and the Hotel George V in Paris.
2. Mohammed Hussein Al Amoudi
Mohammed Hussein’s net worth in 2023 is $8.3 Billion. Mohammed Al Amoudi, a businessman of Ethiopian origin, is considered to be one of the wealthiest black people in the world. His net worth has been estimated to be as high as $8.3 billion in recent years. He has amassed his wealth through various business ventures, including construction, real estate, and oil refineries.
Mohammed Al-Amoudi, a businessman born in Dessie, Ethiopia, has been involved in business deals since 1974. His first fortune was made in Saudi Arabian construction and real estate. He has since expanded his empire to include mining and oil interests in Ethiopia, Sweden, and Morocco.
Mohammed Al-Amoudi, a businessman, is responsible for a conglomerate that generates billions in revenue annually. He holds a 70% stake in Ethiopia’s oil industry and is capable of producing 4 tons of gold each year. Al Amoudi was born in Dessie, Ethiopia, and grew up in Woldia.
Mohammed Al Amoudi relocated to Saudi Arabia with his brother and currently divides his time between London and Saudi Arabia. He is married to Soniat Saleh Selassie Al Amoudi and they have eight children.
3. Alanoud Badr
Alanoud’s net worth in 2023 is around $19 Billion. Alanoud Badr is a prominent businesswoman from Saudi Arabia who was born in March 1980. She is estimated to have a net worth of $19 billion, making her the second richest person in the country. Although there is no information available about her parents’ names or occupations, Badr’s father hails from Saudi Arabia, while her mother is from Lebanon. while her mother is from Lebanon.while her mother is from Lebanon.
Lady Fozaza, founded by Bard, is a renowned fashion brand that is highly sought-after by celebrity stylists and designers in the Middle East. Bard has styled many famous personalities, including the Kardashians and Evan Rachel Wood. She has won several awards throughout her career, such as the Best Local Designer Award in 2012, the Grazia Style Awards in 2013, and was voted Best Dressed by Harpers Bazaar in 2010.
4. Lubna Olayan
Lubna’s net worth in 2023 is around $10 Billion. Lubya Olayan is a well-known businesswoman from Saudi Arabia who holds the position of CEO at Olayan Financing Company. Her family established the Olayan Group in 1947, which is a private multinational enterprise that focuses on manufacturing, investments, distribution, and services.
Olayan Group collaborates with various multinational companies and is involved in approximately 40 organizations. In 2019, Olayan was appointed as the first female Chairwoman of the Saudi British Bank (SABB).
Lubna Olayan served as CEO of Olayan Financing Company for three years following the merger between Alawwal Bank and SABB. Additionally, she was elected to various boards such as the Down Syndrome Charitable Association and Cornell University’s Board of Trustees. She was also awarded the Cornell Entrepreneur of the Year and named the 86th most powerful woman worldwide by Forbes in 2010.
5. Mohamed Bin Issa Al Jaber
Mohamed Bin’s net worth in 2023 is $9 Billion. Mohamed Bin Issa Al Jaber is a successful Saudi Arabian businessman and philanthropist, with a net worth of $9 billion. He owns several luxury and budget hotels across Europe and Egypt through his international private company, JJW Hotels & Resorts Limited. Despite dividing his time between Paris, London, Vienna, and Jeddah, Al Jaber was able to emerge victorious in a legal battle with Standard Bank in London in December 2011.
Al Jaber, who is known for his business ventures, was accused by a bank of not repaying a $150 million loan. He defended himself by claiming that the bank made an unauthorized loan agreement with his assistant to cover trading losses. Al Jaber is also the founder of the Al Jaber Foundation, which supports the restoration of Mali’s cultural heritage, including mosques and old Muslim manuscripts that were destroyed by militant Islamists over the past year.
Al Jaber, a prominent business figurae, was accused of failing to repay a $150 million loan by a bank. He defended himself by stating that the loan agreement was unauthorized, as it was made with his assistant to cover trading losses. Al Jaber is also the founder of the Al Jaber Foundation, which aims to restore Mali’s cultural heritage, including mosques and manuscripts that were destroyed by militant Islamists in the past year.
6. Tareq Abdullah Al Qahtani
Muhammad Sulaiman Al Jasser is a Saudi Arabian economist who currently holds two positions: Chairman of the General Authority for Competition and advisor at the General Authority of the Council of Ministers of Saudi Arabia. He started his career in 1981 at the Saudi Finance Ministry and went on to serve as the executive director for Saudi Arabia at the International Monetary Fund (IMF) in 1988.
7. Saleh Abdullah Kamel
Saleh’s net worth in 2023 is $2.3 Billion. Saleh Abdullah Kamel, who was born in 1941 and passed away in May 2020, was a Saudi Arabian billionaire entrepreneur. He was the founder and chairman of Dallah al Baraka Group, which is one of the largest organizations in the Middle East. The company is involved in various sectors, including healthcare, banking, finance, transportation, manufacturing, maintenance, and real estate. Saleh was also the chairman of the Islamic Chamber of Commerce and the Jeddah Chamber of Commerce and Industry.
8. Abdullah Al Rajhi
Abdullah’s net worth in 2023 is $2.5 Billion. Abdullah Al Rajhi, alongside his brothers Sulaiman, Mohammed, and the late Saleh, founded Al Rajhi Bank over 50 years ago. He held the positions of CEO and Managing Director from 2008 to 2012, overseeing one of the largest banks in the Islamic world. Although he now only serves as the Vice Chairman and Non-Executive Officer.
A wealthy individual from Saudi Arabia has a large stake in Al Rajhi Bank, with its main office located in Riyadh and six other regional offices, as well as 24 branches in Malaysia. Additionally, he has investment interests in Al Baraka Banking Group, which is an Islamic bank founded by another billionaire, Saleh Kamel. Furthermore, he holds shares in several cement and agriculture companies, which has made him one of the wealthiest individuals in Saudi Arabia.
9. Sultan bin Mohammed bin Saud Al Kabeer
Sultan’s net worth in 2023 is $6 Billion. Prince Al Kabeer, the 12th son of King Abdulaziz and Crowned Prince of Saudi Arabia, established the dairy company Almarai in 1977 and currently owns almost 29% of the company. Almarai went public in 2005.
Al Kabeer acquired an Argentine farm operator that grew barley, maize, and wheat in 2011 to feed his Holstein cows, which are his main source of milk. He also breeds about 100 studs at a farm near Riyadh, according to the Breeder’s Cup horse racing organization.
Prince Sultan established Almarai, a dairy company, in 1977 and took it public in 2005. He still retains nearly 29% of the shares. He also founded Masstock Saudia, a joint agricultural company with an Irish firm, during the 1980s. In addition, he served as the chairman of the board for Arabian Shield-Bahrain Insurance Company and Arabian Union for Cement Industries, as well as the vice president and managing director of Yamama Saudi Cement.
10. Mohamed Al Issa
Mohamed’s net worth in 2023 is $3.3 Billion. Mohamed Al Issa is a significant investor in the Saudi Arabian stock market. He is the primary stakeholder in both Savola Group, which is one of the country’s largest food conglomerates, and Riyad Bank, which is one of its major commercial banking institutions.
In 2012, he appointed his son Abdullah as the chairman of Saudi Hotels & Co. This company owns and manages many hotels throughout Saudi Arabia, including a Marriott hotel located in Riyadh. He has accumulated a significant amount of wealth over time and is considered one of the wealthiest individuals in Saudi Arabia.
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