Sulaiman Al Rajhi, A Saudi who donated $16 billion in Charity – SR 60,000 million

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There are lots of self-struggle stories we come across daily which boosts us with motivation, aim, and determination to set a goal or to achieve something. Here is Sulaiman Al Rajhi story who became a billionaire because of his untiring efforts and struggle.

Sulaiman Al Rajhi story

• Sulaiman Al Rajhi story
• He started his first job for SR 6 per month
• He started his own business in 1970
• He possesses a generous heart
• What is the secret behind his success?

This is the story of a Saudi Billionaire, Sulaiman Abdul Aziz Al Rajhi, who never gave up and always crossed every hurdle that came in his way with great courage and dedication.

Sulaiman Abdul Aziz Al Rajhi’s dedication and motivation to achieve his aim are the main reason behind him being a successful Saudi billionaire businessman. His life went through various struggling and hardship phases.

Sulaiman Al Rajhi story starts from a struggle as he began from the scratch and crossed every step with his hard work. Now many of the young entrepreneurs are learning from him and taking his example.

He started his first job for SR 6 per month

At the age of 12, he started collecting palm dates as his job which paid him just six Saudi Riyals per month. He used to sleep on hard surfaces in the same workplace and wore the same dresses daily during his hard work.

He also worked as a cook in one of the hotels located in Riyadh. He also worked as a wholesale seller of imported kerosene.

He served as a waiter at one of the Saudi contracting companies which paid him just 60 Saudi Riyals per month. He then started his own grocery shop. In order to afford all his marriage expenses, Al Rajhi sold his shop.

He started his own business in 1970

He worked later for his brother, Saleh Al- Rajhi. In 1970, the real breakthrough came in his life, when he just separated his business from his brother’s and opened his own currency exchange company.

He started his career and introduced himself as a young entrepreneur in the market at a time when formulating new businesses in the Arabian Gulf region was considered a very difficult task.

Later he expanded his currency exchange business which spread to more than 30 branches across Saudi Arabia. He spread his business in various countries across the Arab world which included Egypt and Lebanon.

He is now the founder of Al Rajhi Bank and counted among the world’s richest men. According to Forbes, an American business magazine, Sulaiman Al Rajhi’s worth was $7 billion in 2011 after making a donation of $16 billion.

He possesses a generous heart

Sulaiman Abdul Aziz Al Rajhi possesses a generous heart and is famous for his humble nature. He has given strong donations for charity work by transferring his bank shares, his poultry farm, and other assets to deserving ones.

This donation helps needy people. It also helps to spread education in the Kingdom of Saudi Arabia. Sulaiman Al Rajhi started working as a porter when he was just nine. After that, he used to carry shopping luggage for shoppers in Al-Khadra market situated in Riyadh.

Once an interviewer asked him, “So you gave half your wealth to your family and the half to your endowment. What have you kept for your expenses? A house? A farm? A salary?”

I wondered. “Simply, nothing!” he answered with a beautiful, calm and calming smile on his face. “I am in my eighties! What would I possibly need? The endowment pays my bills, provides me with accommodation, food, medical and transportation, which I try to keep at a minimum. I am well covered!”

What is the secret behind his success?

He disclosed his secret to getting success in life by telling that he always used to save each and every hard-earned penny for the next day and this was his secret which enabled him to pick a starting point and build his wonderful future.

Source: The Forbes