Top 6 Richest people of Saudi Arabia in 2024

There are extremely rich and wealthy people living in Saudi Arabia but who is the richest man? In this article, we have listed the top 6 richest people in Saudi Arabia.

  • Number of Billionaires in Saudi Arabia: 6.
  • Number of Millionaires in Saudi Arabia: 313,000.

Prince Alwaleed Bin Talal

Prince Alwaleed Bin Talal Bin Abdul-Aziz Al-Saud, undoubtedly, is the richest man in Saudi Arabia, with a net worth of $14.5 Billion.

He owns 95% of the 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.

Prince Alwaleed Bin Talal - the richest man in Saudi Arabia
Prince Alwaleed Bin Talal

Mohammed Al Amoudi

Mr. Muhammad Al Amoudi is the second richest man in Saudi Arabia, with a net worth of about $9.16 billion. 

Mr. Al Amoudi owns many companies in Saudi Arabia, including Al Amoudi Exchange. 

He is a big name in the construction field in Saudi Arabia, and his company has built many hospitals, big complexes, and universities in the Kingdom.

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.

Mohammed Al Amoudi - the second richest man in Saudi Arabia
Mohammed Al Amoudi

Prince Sultan bin Mohammed bin Saud Al-Kabeer

Standing at number three among the richest people of Saudi Arabia is Prince Sultan bin Mohammed bin Saud Al-Kabeer, who has a net worth of $6 billion.

He is the one who established the biggest dairy company in Saudi Arabia, Almarai. Prince Sultan bin Mohammed bin Saud Al-Kabeer is the chairman of Almarai.

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.

Prince Sultan bin Mohammed bin Saud Al-Kabeer
Prince Sultan bin Mohammed bin Saud Al-Kabeer

Sheikh Mohamed Bin Issa Al Jaber

Sheikh Mohamed Bin Issa Al Jaber is the 4th richest man in Saudi Arabia, with a net worth of  $5.9 Billion.

He is an investor in the Saudi stock market and is believed to be one of the largest individual investors. He is the chairman of the Board of Directors of Riyadh Bank, where he has a significant investment.

Sheikh Mohamed Bin Issa Al Jaber
Sheikh Mohamed Bin Issa Al Jaber

Abdullah Al Rajhi

Abdullah Suleiman Abdulaziz Al-Rajhi Area is the 5th richest man in Saudi Arabia, with a net worth of $1.9 billion.

He is the son of Sulaiman Al Rajhi, who established Al Rajhi Bank. Abdullah Al Rajhi is still the chairman of Al Rajhi Bank.

He also owns one of the most prominent Islamic banks on earth. The group is holding investments in the Al Baraka Banking Group amongst agricultural, steel, and cement companies.

Abdullah Al Rajhi
Abdullah Al Rajhi

Ihsan Shakour Abu Ghazalah

Ihsan Shakour Abu Ghazala and his family, the owner of Albaik restaurant, are one of the wealthiest families in Saudi Arabia, with a family net worth of around $1.5 billion.

Their father, Shakkour Abu Ghazalah, started the first restaurant of Albaik in 1974 in Sharifiyah Jeddah. However, he passed away shortly, and his sons took over the business.

Ihsan Shakour Abu Ghazalah - al baik owner net worth

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