The Kingdom of Saudi Arabia is very popular around the world for so many reasons. Firstly, it is the second-largest country in the Middle East, only second to Algeria, and the fifth-largest Asian country in the world, and overall the 12th-largest country in the world by landmass. The country’s oil reserves have put it in the global spotlight for quite some time now and the world’s largest exporter of petroleum has earned quite a reputation all across the globe as a country with a very good economic state and many rich saudis have made lists world-wide. 65% of Saudi Arabia’s economy is petroleum-based and that makes the country heavily dependent on its oil reserves.
Rich Saudis list
With the riches in the Kingdom of Saudi Arabia, it’s quite difficult to ignore the number of rich saudis who have made the country their abode. The Saudi royals have made quite an impression worldwide as one of the richest royal families, if not the richest, in the world and that’s only a highlight of how wealthy the country is. The family’s collective net worth as estimated by Bloomberg stands over $100 billion USD, more than Forbes’ estimation of the UK royal family’s net worth which stands at $88 billion USD.
Prince Alwaleed Bin Talal Alsaud
Net worth: $22.6 billion USD
The first on our rich Saudis list is alwaleed bin talal Nicknamed the “Arabian Warren Buffett”, the Prince has diverse investment interests, including in real estate. He has owned stakes in Paris’s Four Seasons Hotel George V and part of the iconic Plaza Hotel in New York, as well as landmark hotels in London and Monaco.
Mohammed Al Amoudi
Net worth: $15 billion USD
2nd on our rich Saudis list is Mohammed Al Amoudi who began his business career with investments in construction in Saudi Arabia. His portfolio has since expanded to incorporate agriculture and energy companies across Saudi Arabia and Ethiopia. He continues to invest in his homeland’s property sectors, including in new projects for King Saud University as well as a medical complex and a new housing development.
Prince Sultan bin Mohammed bin Saud Al Kabeer
Net worth: $4.1 billion USD
Prince Sultan bin Mohammed bin Saud Al Kabeer is the crown prince of Saudi Arabia. He funds the Sultan bin Abdul Aziz Al Saud Foundation for social causes.
Mohammed Al Issa
Net worth: $3.5 billion USD
Mohamed bin Issa Al Jaber’s wealth comes from real estate and hotels. He owns lots of hotels in the Middle East and across Europe through JJW Hotels and Resorts. The Jeddah-based entrepreneur is the founder and CEO of the MBI Group which controls Jadawel International, Continental, and also has stakes in AJWA Group for Food Industries. Apart from being a well-known investor, Mohamed bin Issa Al Jaber is also popular for his philanthropic projects through the MBI Al Jaber Foundation which is headquartered in London. He also has investments in Riyadh Bank, one of the most popular and valuable banks in Saudi Arabia.
As an extremely wealthy nation, KSA boasts of top billionaires, most of which are from the Saudi royal family. Saudi Arabian Crown Prince, Mohammed bin Salman has constantly been in the spotlight for his luxury lifestyle which he’s not always scared to show off. He’s in control of Saudi Aramco which is reportedly the world’s most valuable company. Although there’s no clarity on how rich Saudis are, as proved by their absence from Forbes’ recent ranking, we are very confident there are a lot of them.
Nasser Ibrahim Al-Rashid
Nasser Ibrahim Al-Rashid is another Saudi-based businessman and billionaire. Nasser usually likes to keep a low profile but is quite famous for owning one of the largest yachts in the world, named Lady Moura. The cost of building the yacht in the late ‘80s reportedly stood over $200 million USD. He was also one of the three Saudis to donate about $1 million USD to the Clinton Presidential Center.
This was our full list of rich Saudis people, if you like our article please take a look at The services provided by Bayut KSA to real estate companies & users, as well as our article about Ejar app, and more on bayut Ksa blog.
