Top 6 Rich People of Saudi Arabia in 2020

We all know that the Kingdom of Saudi Arabia is an extremely wealthy nation, with extremely wealthy people, but do you know who the top billionaires are in the Kingdom of Saudi Arabia? In this article, we have listed 6 most rich people of Saudi Arabia. Read on below to find out;

1. Prince Alwaleed Bin Talal

His Royal Highness Prince Alwaleed Bin Talal Bin Abdul-Aziz Al-Saud stands on the top in the list of most rich people of Saudi Arabia. His grandfather, His Highness King Abdulaziz Al Saud is one of the most loved personalities of Saudi Arabia. Prince Alwaleed with a net worth of $15.9 Billion is the richest person in Saudi Arabia.

Most of the business is run through the Kingdom Holding Company. He is ranked at number 83 among the richest people in the world. The 64 years old Prince has been named twice as one of the most intelligent and creative business personalities of the world. 

The Prince has a strong academic background and he has also been given many honorary doctorate degrees from different world-class universities. He has a marvelous taste of architecture that is evident from the beauty of his palaces; he owns airplanes and hundreds of luxurious cars as well.

Prince has been a kind-hearted person and he spends generously on different charities working for the betterment of less privileged people in different areas of the world.

Forbes removed him from the billionaires’ list in March 2018 due to a lack of clarity about which assets he still owns. In November 2017, the Saudi government detained about 200 businessmen and royals in the Ritz-Carlton hotel Riyadh on unspecified corruption charges.

• Mohammed Al Amoudi

Mr. Muhammad Al Amoudi stands on the second number of top 10 rich people of  Saudi Arabia. The net worth of his assets is $8.1 billion, and he stands at number 1159 among the richest people in the world. 

Mr. Al Amoudi is the owner of many companies in Saudi Arabia and Ethiopia. His major investments are in construction, agricultural-related business, and energy companies. He is a big name in the field of construction in Saudi Arabia and his company has built many hospitals, big complexes, and universities in the Kingdom.

His investments in Ethiopia are mainly in fields of gold mining, cement production, and agriculture. He is a major exporter of coffee beans and tea leaves, having Starbucks and Lipton as his customers.

He is also the owner of Oil Company named Svenska and a refinery Preem as well. He is also a humanitarian and generous donor. He is working with the Clinton Global Initiative on fighting (HIV) AIDS in Africa.

Forbes removed him from the billionaires’ list in March 2018 due to a lack of clarity about which assets he still owns. In November 2017, the Saudi government detained about 200 businessmen and royals in the Ritz-Carlton hotel Riyadh on unspecified corruption charges.

• Prince Sultan bin Mohammed bin Saud Al-Kabeer

Standing at number three among the list of 10 rich people of Saudi Arabia is a member of the royal family of the Kingdom. Prince Sultan bin Mohammed bin Saud Al-Kabeer has a net worth of his assets calculated as $3.8 billion.

His rank among the richest persons in the world is 474. Prince has a great interest in Livestock. His dairy company, Almarai is one of the largest companies in the Middle East.

Almarai has large farms of Holstein cows and the milk is supplied throughout the Gulf countries. A horse racing organization “breeder’s cup” reports that the Prince also has a stud farm and the train about One Hundred Horses.

Forbes removed him from the billionaires’ list in March 2018 due to a lack of clarity about which assets he still owns. In November 2017, the Saudi government detained about 200 businessmen and royals in the Ritz-Carlton hotel Riyadh on unspecified corruption charges.

• Sheikh Mohamed Bin Issa Al Jaber

Mr. Muhammad Al Issa is 4th among 10 most rich people of Saudi Arabia. The net worth of his assets is calculated as $7.1 Billion US Dollars and he is ranked at #215 among the richest people of the world.

He is an investor in the stock market of the Kingdom and is believed to be one of the largest Individual Investors. His biggest investment is Riyadh Bank.

He also possesses major stakes in Savola Group (that is one of the largest food item processors in KSA) and in Saudi Hotels and Resort Company. Saudi Hotels and Resorts operates and owns two Marriot Hotels in Riyadh and many other hotels across the Kingdom.

Forbes removed him from the billionaires’ list in March 2018 due to a lack of clarity about which assets he still owns. In November 2017, the Saudi government detained about 200 businessmen and royals in the Ritz-Carlton hotel Riyadh on unspecified corruption charges.

• Saleh Kamel

A 75 years old billionaire of Jeddah, Saleh Kamel is at the 5th number in being most rich in Saudi Arabia. He has a net worth of his assets calculated as 2.3 Billion US Dollars and he is ranked at #896 among the richest people in the world.

He is the founder and Chairman of a corporation named Dallah Albaraka. It is a corporation working in different fields, such as Food Production, Real Estate Development, and Islamic banking.

He is also chairman of Al-Baraka, it operates Islamic banks across the Middle East, Pakistan, and Indonesia. The other subsidiary Dallah Health is running a hospital in Riyadh.

Forbes removed him from the billionaires’ list in March 2018 due to a lack of clarity about which assets he still owns. In November 2017, the Saudi government detained about 200 businessmen and royals in the Ritz-Carlton hotel Riyadh on unspecified corruption charges.

• Abdullah Al Rajhi

Abdullah Al Rajhi’s Area of focus is banking, and his net worth is estimated to be $1.9 billion which is equivalent to SAR 7.12 Billion.

Abdullah Al Rajhi and Family have taken the position of 1098 on the list of richest men in the world according to the Forbes 2017 list.

Currently, he owns one of the biggest Islamic banks on earth. The group is holding investments in the Al Baraka Banking Group among agricultural, steel and cement companies.