Find Out Who The 7 RICHEST People In Saudi Arabia Are


Saudi is home to many expats, consumers, buyers, real-estate, businesspeople and more. With it being a Kingdom filled with opportunities, it’s vital to know who the key players are who take on roles in developing the country. These people, not only being the richest in the Kingdom (and perhaps the Middle East), are also contributors to Saudi Arabia’s economy. 

So you want to find out who these contributors are? 

Scroll down to see who the top 7 RICHEST people of Saudi Arabia are (all according to Arabian Business)

7. Issam Al Zahid of Al Zahid Group of Companies 

Issam is the chairman of the Al Zahid Group of Companies, which has an extension company for constructions in the Kingdom. His wealth is estimated at around 5.1 Billion US Dollars! 

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6. Sulaiman Al Rajhi of Al Rajhi Banks

A true rags to riches story, Sulaiman Al Rajhi is a self-made billionaire who started working at the age of nine as a porter, carrying people’s shopping bags in Riyadh. The founder of Al Rajhi bank, also worked as a cook at some point or in a grocery store earning as little as SAR 60/ per month. 

With time (and a lot more underpaid jobs), he founded a currency exchange that resulted in multiple branches and is now worth more than 5 billion dollars. 

Pretty inspiring.

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5. The Olayan Family

Worth 6.9 Billion Dollars, The Olayans are in the banking and finance sector and owns more than 50 companies and stakes at international companies. 

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4. The Bin Laden family

A prominent family that runs the Saudi Bin Laden Group is worth 7 Billion Dollars, in the construction and industry sector.

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3. Sheikh Mohamed Bin Issa Al Jaber of MBI International

Sheikh Mohammed Bin Issa Al Jaber, chairman and CEO of MBI International is worth 8.5 billion US Dollars. He’s in a slightly different sector than everyone mentioned on the list, because Al Jaber is in the travel and tourism industry. 

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2. Mohammed Al Amoudi of Saudi Amoudi Group

Worth 8.8 billion, Mohammed Al Amoudi has extensive business in agriculture, construction and energy companies in Saudi Arabia and Ethiopia. 

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And who’s in the lead for the richest person in Saudi Arabia, you ask?

It may not come as a surprise to you but it’s… 

1. HRH Prince Al Waleed Bin Talal with Kingdom Holding Company

No surprise there, he’s been in the rich list for years now. His wealth is reportedly estimated at 16.3 Billion Dollars, and it’s all self-made! 

P.S. Is it just us or does the construction world really bring in a lot cash in KSA?

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