 | This article needs to be updated.(October 2019) |
This is a list of Saudi Arabians by net worth. It was compiled by Forbes magazine and released in the year 2008. [1] This is a partial list of the richest people in Saudi Arabia. Other comprehensive lists are published by Arabian Business . [2]
| Name | Estimated wealth (USD) | Source |
|---|---|---|
| Al-Waleed bin Talal | $2 billion | Investments |
| Al Juffali family | $8 billion | Diversified |
| Mohammed Hussein Al Amoudi [3] | $9 billion | Diversified |
| Almana family | Construction | |
| Saleh Kamel | $2 billion | Diversified |
| Arqam Tariq | $1 billion | Diversified |
| Khalid bin Mahfouz & family [4] | $20 billion | Diversified |
The economy of Saudi Arabia is the second-largest in the Middle East and the seventeenth-largest in the world. The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.
Al Waleed bin Talal Al Saud is a Saudi Arabian billionaire businessman, investor, philanthropist, and a House of Saud royal. In 2008, he was listed on Time magazine's Time 100, an annual list of the hundred most influential people in the world. Al Waleed is a grandson of Abdulaziz, the first king of Saudi Arabia, and of Riad Al Solh, Lebanon's first prime minister.
Sheikh Sulaiman bin Abdulaziz Al Rajhi is a Saudi Arabian corporate figure and billionaire. As of 2011, his wealth was estimated by Forbes to be $7.7 billion, making him the 120th richest person in the world.
Saudi Basic Industries Corporation, known as SABIC, is a Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco. It is active in petrochemicals, chemicals, industrial polymers and fertilizers. It is the second largest public company in the Middle East and Saudi Arabia as listed in Tadawul.
Rotana Music Group is a Saudi Arabian record label and the music division of the Rotana Media Group. It was established by the Nagro Brothers, Mohammed, Khalid, Waleed, Ahmed and Nezar Nagro in 1987 and was later sold to Saudi billionaire Prince Al Waleed bin Talal. Rotana Music Group is known to be the largest record label and music repertoire holder in the Arab world and is headquartered in Riyadh, with other branches located in Jeddah, Saudi Arabia, Dubai, Kuwait, Cairo, Egypt and Beirut, Lebanon. Artists who have released musical works with Rotana include Mohammed Abdu, Abdul Majeed Abdullah, Ahlam, Amr Diab, Elissa, Tamer Hosny, Najwa Karam, Saber Rebai, Angham, Wael Kfoury and more.
Mohammed Hussein Ali Al Amoudi is an Ethiopian-born Saudi billionaire businessman.
Saudi National Bank (SNB), also known as SNB AlAhli, formerly known as The National Commercial Bank (NCB), is the largest commercial bank in Saudi Arabia.
The proven oil reserves in Saudi Arabia are reportedly the second largest in the world, estimated in 2017 to be 268 billion barrels, including 2.5 Gbbl in the Saudi–Kuwaiti neutral zone. This would correspond to more than 50 years of production at current rates. In the oil industry, an oil barrel is defined as 42 US gallons, which is about 159 litres, or 35 imperial gallons. The oil reserves are predominantly found in the Eastern Province. These reserves were apparently the largest in the world until Venezuela announced they had increased their proven reserves to 297 Gbbl in January 2011. The Saudi reserves are about one-fifth of the world's total conventional oil reserves. A large fraction of these reserves comes from a small number of very large oil fields, and past production amounts to 40% of the stated reserves. Other sources state that Saudi Arabia has about 297.7 billion barrels.
Majid Al Futtaim Holding is an Emirati holding company based in Dubai. The family-owned conglomerate owns and operates shopping malls, retail, and hotel establishments in the Middle East and North Africa.
Khalid A. Al-Falih is Minister of Investment of Saudi Arabia since 25 February 2020. He served as Minister of Energy of Saudi Arabia and chairman of Saudi Aramco. He also has previously served as the Saudi Arabian Health Minister and Aramco's CEO.
Obesity in Saudi Arabia is a growing health concern, with health officials stating that it is one of the country's leading causes of preventable deaths. According to Forbes, Saudi Arabia ranks 29 on a 2007 list of the fattest countries with a percentage of 68.3% of its citizens being overweight (BMI≥25). Compounding the problem, according to a presentation at the 3rd International Obesity Conference in February 2014, is that obesity-related surgeries are not covered under Saudi healthcare.
Riyad Bank is one of the largest financial institutions in Saudi Arabia, ranked fourth in assets.
Jarir Marketing Company, also known as Jarir Bookstore, is a Saudi Arabian establishment founded by Abdulrahman Nasser Al-Agil. Currently, Jarir has a paid-up capital of SR 1.20 Billion. Jarir’s headquarters is located in Riyadh, Saudi Arabia. Jarir operates through two divisions namely Retail, under the trademark of Jarir Bookstore, and a Wholesale division.
Zamil Industrial Investment Co., better known as Zamil Industrial is a publicly listed company based in Dammam, Saudi Arabia. Zamil Industrial is engaged in the development of various materials and equipment for use in the construction industry. Zamil Group Holding Company owns 20% of Zamil Industrial stocks, while the remaining share is owned by other companies and investors. It is listed on the Saudi Stock Exchange (Tadawul). According to Forbes Middle East, Zamil Industrial was among the top 500 companies in the Arab world in 2014.
Sultan bin Mohammed Al Kabeer was a Saudi prince and businessman. He was one of the founders of Almarai which is the largest vertically integrated dairy foods company in the world. Prince Sultan was a great-nephew of King Abdulaziz, being the grandson of the King's sister Noura bint Abdul Rahman.
UTURN Entertainment is an online entertainment network providing Arabic video content.
Abdullah Al-Othaim Markets Company is a Saudi Arabia–based joint stock company, currently operating in Saudi Arabia and Egypt. Its main activities are food wholesaling, grocery stores, and malls. As of 2017 the company operated 183 stores – 143 supermarkets and hypermarkets, 27 convenience stores, and 13 wholesale outlets in Saudi Arabia, and 31 stores in Egypt.
Abdul Latif Jameel is a family-owned, diversified business founded in Saudi Arabia in 1945 by the late Sheikh Abdul Latif Jameel (1909–1993). Operating across seven core business sectors, Abdul Latif Jameel has a presence in over 30 countries across six continents.
Huda Mohammed Al-Ghoson is a former Saudi corporate executive. Al-Ghoson was the Executive Director of Human Resources for Saudi Aramco, the national oil and gas company of Saudi Arabia. She has been named among the world's most powerful Arab businesswomen by Forbes Middle East and one of the world's most influential Arab women by Arabian Business. Her first book, Unbounded, was published in 2022.