1. Prince Alwaleed Bin Talal Alsaud, 2. Prince Sultan bin Mohammed bin Saud Al Kabeer, 3. Nassef Sawiris, 4. Abdullah Al Rajhi, 5. Bahaa Hariri, 6. Mohammed Al Issa. Saudi Arabia is the land of prince and princess. Undoubtedly, it is the land of rich people. It is the second largest state in Asia. Most of the income of Saudi Arabia comes from the oil export.Saudi Arabia depends strongly on foreign workers and 80% of the employees are non-Saudi’s. Also the hajj pilgrimage adds to the revenue of Saudi. Here is the list of the richest people in Saudi Arabia.
- Prince Alwaleed Bin Talal Alsaud
- Prince Sultan bin Mohammed bin Saud Al Kabeer
- Nassef Sawiris
- Abdullah Al Rajhi
- Bahaa Hariri
- Mohammed Al Issa
Prince Alwaleed Bin Talal Alsaud
Prince Alwaleed Bin Talal Alsaud is a member of the Royal family as well as a businessman and is one of the richest people in Saudi Arabia. Through Kingdom Holding Co., which is registered on the Saudi Stock Exchange, high-profile Saudi Arabian investor Prince Alwaleed bin Talal controls stakes in private and public enterprises in the United States, Europe, and the Middle East (he is listed as owning the other 95 percent ). Lyft, Twitter, Citigroup, hotel management company Four Seasons Hotels & Resorts, the luxurious Hotel George V in Paris, and the Savoy Hotel in London are among the corporation’s holdings.
The Prince owns real estate in Saudi Arabia, a majority stake in the Arabic-language entertainment company Rotana, and other assets outside of Kingdom Holding. In June 2016, Prince Alwaleed, who bought Donald Trump’s boast in 1991, tweeted at Trump, telling him to drop out of the presidential election because “you will never win.” Alwaleed praised Trump on Twitter after he won the US election in November. Alwaleed joined Bill Gates’ Breakthrough Energy Coalition in December 2016, promising a $50 million contribution.
Net worth: $39.8 Billion
South China Morning Post
Prince Sultan bin Mohammed bin Saud Al Kabeer
Sultan bin Mohammed bin Saud Al Kabeer is a businessman and a member of the House of Saud. He is a founding member of Almarai, the world’s largest vertically integrated dairy foods company. The Prince Sultan co-founded Almarai in 1977 and later floated the company in 2005, keeping roughly 29 percent of the stock. He works as vice president and managing director of Yamama Saudi Cement and is the chairman of the board of Arabian Shield and the Arabian Union for Cement Industries.
He is also a founding member of Zain Saudi Telecom, Bahrain’s Al Salam Bank, and UAE-based Dana Gas. He also owns and operates a stud farm outside of Riyadh, where he trains approximately 100 horses. Prince Sultan is ranked third on Forbes Middle East’s 2018 billionaire list, with a net worth of $3.8 billion. According to Forbes, he is one of the richest people in Saudi Arabia as of January 2020.
Nassef Sawiris is a scion of Egypt’s wealthiest family and an investor. His most significant asset is a nearly 6% ownership in Adidas, a sportswear company. In December 2020, he bought a 5% share in Madison Square Garden Sports, the owner of the NBA Knicks and NHL Rangers franchises, which is listed on the New York Stock Exchange. He is the CEO of OCI, a global nitrogen fertilizer company with factories in Texas and Iowa that trades on the Euronext Amsterdam platform.
Orascom Construction is an engineering and construction company that trades on the Cairo and Nasdaq Dubai stock exchanges. He owns shares in cement company Lafarge Holcim and Adidas, and he sits on Adidas’ supervisory board. The Premier League’s Aston Villa Football Club was purchased by Nassef Sawiris and Wes Edens of Fortress Investment Group.
Net worth: $7.7 Billion
Abdullah Al Rajhi
Abdullah Al Rajhi founded Al Rajhi Bank more than 50 years ago with his brothers Sulaiman, Mohammed, and Saleh. It is one of the world’s major Islamic banks. Their sons now sit on the board of directors of the publicly traded bank. Al Rajhi also holds a part in Al Baraka Banking Group, an Islamic bank created by fellow Saudi billionaire Saleh Kamel. Other investments include cement and agribusiness businesses.
Net worth: $5.9 Billion
Bahaa Hariri is the eldest son of the assassinated Lebanese Prime Minister Rafik Hariri, and he inherited his father’s billionaire fortune. He transferred his stake in Saudi Oger, the family construction business, to his brother, former Lebanon Prime Minister Saad Hariri, in 2008. Horizon Group, a real estate holding business with investments in Amman, Jordan, and Beirut, Lebanon, was formed and is chaired by Bahaa Hariri.
He was instrumental in the revitalization of Abdali, a neighborhood in Amman. The project, which is being carried out in collaboration with the Jordanian government, is expected to be worth $5 billion. He owns a significant stake in Globe Express Services, a logistics firm with operations in over 100 countries.
Net worth: $3.2 Billion
The New Arab
Forbes Middle East
Mohammed Al Issa
Mohammed Al Issa is a humanitarian and a businessman. He is well-known for his hotel and resort interests. He is the Chairman and CEO of MBI International & Partners, as well as one of Saudi Arabia’s wealthiest individuals. He founded Jadawel International Construction & Development, which now owns and operates more than 60 hotels and resorts throughout Europe and the Middle East.
His humanitarian efforts are renowned through the MBI Al Jaber Foundation in London, which he founded. The Saudi authorities imprisoned over 200 businessmen and royals in the Ritz-Carlton hotel in Riyadh in November 2017 on undisclosed corruption charges. Al Issa’s spokeswoman did not respond to a request for comment from Forbes.
Net worth: $3 Billion
Sada El balad