Saudi Arabia is the land of princesses and princes. It is, without doubt, the country of the rich. It is the second-largest country in Asia. The majority of the revenue of Saudi Arabia comes from the export of oil.
Saudi Arabia is heavily dependent on foreign workers, and 80 percent of workers aren’t Saudi’s. The hajj pilgrimage also adds to the revenues of Saudi. Here is a list of the most wealthy people in Saudi. Here are the Richest People in Saudi Arabia
1. Prince Alwaleed Bin Talal Alsaud Prince Alwaleed Bin Talal Asaud $22.6 Billion
Prince Alwaleed Bin Talal Alsaud is a businessman and a part of the Royal family. He is also famous for his charitable acts. The prince was the one who introduced Arabs to wireless communication. He has plans to give away his entire fortune in the years ahead and help create a more welcoming.
2. Mohammed Al Amoudi – $10.8 Billion
Mohammed Al Amoudi is one of the wealthiest people in Saudi Arabia. He has made a fortune in the fields of real estate and construction and then moved to refinery projects. In 2016, his net worth was estimated by Forbes at approximately $10.9 billion and a relative fall in net value was linked to the global fall in oil and gold prices at the time of estimation. He was also listed as Ethiopia’s richest man, the second richest Saudi Arabian citizen in the world, and the second richest person of African descent in the world. Al Amoudi made his fortune in construction and real estate before branching out to buy oil refineries in Sweden and Morocco. He is the largest individual foreign investor in Ethiopia and a major investor in Sweden.
3. Prince Sultan Bin Mohammed Bin Saud Al Kabeer – $4.1 Billion
Prince Sultan bin Mohammed bin Saud Al Kabeer is the crown prince of Saudi Arabia. He is the patron of the Sultan bin Abdul Aziz Al Saud Foundation to support social causes.
4. Mohammed Al Issa – $3.5 Billion
Mohammed Al Issa is a businessman as well as a philanthropist. He is well-known for his investment in hotels and resorts. He is chairman as well as the CEO for MBI International & Partners. He is the founder of Jadawel International Construction & Development which manages over 60 resorts and hotels across Europe and the Middle East. His charitable works are recognized through the funding of the MBI Al Jaber Foundation in London.
5. Saleh Kamel – $2.8 Billion
Saleh Abdullah Kamel was a Saudi billionaire businessman. He had a net worth estimated at US$2.3 billion, as of March 2017. He was the chairman and founder of the Dallah al Baraka Group, one of the Middle East’s largest conglomerates. He was chairman of the Jeddah Chamber of Commerce and Industry, and the Islamic Chamber of Commerce. Kamel was called “the father of contemporary Islamic finance”, receiving Malaysia’s Royal Award for Islamic Finance in November 2010. He attempted to significantly expand trade among member states of the Organization of Islamic Cooperation countries and to promote Jeddah as a leading international port and hub for global commerce. In his capacity as chairman of DBHC and the JCC, he led numerous projects to promote the Kingdom of Saudi Arabia as a regional economic force. Kamel stated that his vision was to combine the efforts of his DBHC and the Chamber of commerce with ongoing mega-infrastructure projects such as King Abdullah Port, the Economic City, the new railways, and the King Abdullah International Airport to catalyze domestic business across the Kingdom.
6. Sulaiman Al Rajhi – $2.1 Billion
Sheikh Sulaiman bin Abdulaziz Al Rajhi is a Saudi Arabian corporate figure and billionaire. As of 2011, his wealth was estimated by Forbes to be $5.9 billion, making him the 169th richest person in the world. The Al Rajhi brothers’ business growth and expansion was fed by the flood of migrant workers to Saudi Arabia during the 1970s oil boom. The Al Rajhis helped them send their earnings home to places like Indonesia and Pakistan. In 1983, the brothers won permission to open Saudi Arabia’s first Islamic bank, one that would observe religious tenets such as a ban on interest.
7. Abdullah Al Rajhi – $1.8 Billion
He has been in the banking and financial services industry at Al-Rajhi Bank|Al Rajhi Bank for more than 35 years. During his career at the bank, he has worked in different capacities and roles and has risen to leadership positions. He started his career as Deputy Director General for Financial Affairs (1982–1983) to become later Deputy Director General for Investment and Foreign Relations (1983–1994) Then, rise to be First Deputy Director General (1994–1996 ), with only two years I carried him from his previous position to become General Manager (1996–2004) Then, he continued to climb the career ladder to be a chief executive officer (2004–2012), parallel to it became Managing Director and CEO (2008–2012).
8. Abdul Majeed Alhokair $1.4 Billion
Prince Sultan belongs to the Al Kabeer branch of the Saudi royal family. This branch is the descendants of Saud bin Faisal bin Turki, Emir of Nejd, who was an uncle of King Abdulaziz, the founder of the present Kingdom of Saudi Arabia. As such, the Al Kabeer family is a cadet branch of the royal family and is not eligible to succeed to the throne. Saud bin Faisal was the great-great-grandfather of Prince Sultan.
Prince Sultan was born in 1954 in Riyadh. His father is Mohammed bin Saud Al Kabeer who was the son of Saud Al Kabeer and Noura bint Abdul Rahman Al Saud, sister of King Abdulaziz.
The princes and kings of Saudi have certainly lived extravagantly. Since the oil revenues and the real estate market have taken over Saudi. Saudi market.
9. Prince Alwaleed Bin Talal
Prince Alwaleed Bin Talal Bin Abdul-Aziz Al-Saud without any doubt is the richest man in Saudi Arabia with a net worth of $16.5 Billion.
He owns 95% shares in Kingdom Holding i.e. a listed company. He is the one who built the iconic Kingdom Center in Riyadh. He married Ameera al-Taweel in 2008 and divorced her after 5 years in 2013. Forbes removed him from the list of billionaires due to a lack of clarity about his assets, after he was detained in Ritz Carlton, Riyadh by the
Saudi government over corruption charges in November 2017.