Age, Biography and Wiki
Birth Year | 1929 |
Birth Place | Saudi Arabia |
Age | 94 YEARS OLD |
Residence | Jeddah, Saudi Arabia |
Occupation | Chairman of National Agricultural Development Company (NADEC) |
Awards | King Faisal International Prize |
Net worth: $2.1 Billion (2024)
Sulaiman Al Rajhi & family, one of the prominent names in the financial sector of Saudi Arabia, have amassed a considerable net worth of $2.1 billion as estimated in 2024. Their wealth is a testament to their expertise and success in the field of finance, where they have made significant contributions and established a strong presence in the industry. The Al Rajhi family's financial ventures have not only brought them immense prosperity but also enabled them to become influential figures in shaping the economic landscape of Saudi Arabia. Their accomplishments exemplify their exceptional knowledge and abilities in the financial domain.
Biography/Timeline
In May 2011, he announced he was donating most of his $7.7 billion fortune to charity.
He received the 2012 King Faisal International Prize for dedicating half his fortune to charity, starting an Islamic bank, supporting charity work and implementing effective national projects.
The Al Rajhi brothers’ Business growth and expansion was fed by the flood of migrant workers to Saudi Arabia during the 1970s oil boom. The Al Rajhis helped them send their earnings home to places like Indonesia and Pakistan. In 1983, the brothers won permission to open Saudi Arabia’s first Islamic bank, one that would observe religious tenets such as a ban on interest.