When you speak of Saudi Arabia, the only business that could come to mind is the oil business. 3. shafprince In November 2017 Forbes listed Al-Waleed as the 7th-richest man in the world with a net worth of $39.8 billion. Sultan bin Mohammed bin Saud Al Kabeer – $ 3.8 Billion, Member of the House of Saud and founder of Almarai (A Dairy Company). First published on Thu 1 Aug 2019 14.33 EDT . FORBES 2019 : Top 10 Richest Politician of Spain. 14. Get Latest Saudi News straight into your inbox! His family is a very wealthy one and has a lot of proud investments. (adsbygoogle = window.adsbygoogle || []).push({}); Saudi Arabia is rich in Oil and rich people do exists in Saudi with high income. Skip to ... world's richest man. by Initially with two menswear stores, the company is now Saudi Arabia’s most valuable retail and real estate firm with 11 shopping centres and the franchise rights to global brands including Zara, Banana Republic, Gap, Nine West and Topshop.\nThe company listed on the Saudi stock exchange last year and reported sales of more than $1.1bn in the first six months. Saudi Arabia is to stage the richest horse race in history next year with a $20 million prize pot up for grabs in the latest venture to attract world-class sporting events to the nation. Late last year the 32-year-old heir to the throne locked up a group of Saudi billionaires and other businessmen at an ultra-luxe prison--the 492-room, palm-lined Ritz-Carlton Riyadh. In April Forbes revealed its ranking of the richest people in the world with its Billionaires 2019 list. 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He hails from a banking family in Syria and as the world’s richest banker is the top gainer in the Middle East. ADVERTISEMENT. Here in 540th in the city of Medina was born the prophet Mohammed. Saudi Arabia was home to 10 billionaires last year, according to Forbes. Only seven out of the 42 billionaires in the Middle East managed to raise their fortunes. High profile philanthropist, who trasnferred his wealth in charitable endowments and spent wealth to promote education and develop anti-hunger programs in KSA. The tycoon, who had a net worth estimated to be $10.9bn, was detained as part of ‘anti-corruption purge’ in 2017. The Middle East’s Billionaires 2019 ranking introduces Ghassan Aboud as the newest billionaire in the region. 2, we have a royal family from Saudi Arabia. Economy chapter from The Report: Saudi Arabia 2019. When he earned some extra money he went to trade in fruits and other things until he reached what he is now, the richest man in Saudi Arabia. It is the second largest state in Asia. The richest person in the Middle East — that we know of — is Alwaleed bin Talal Al Saud, a Saudi Arabian prince who's worth an estimated $14.3 billion. Switch to the dark mode that's kinder on your eyes at night time. Top 10 Richest Politician in UAE 2019. Saudi Arabia’s unemployment rate was 5.7% at December 2019 down from 6% one year earlier, according to Trading Economics. The Al-Saud family has ruled over Saudi Arabia since the eighteenth century. Now a days, its king is King Salman a kind hearted man with high aims. Iqama Expiry Date Check without Absher Account, Saudi Arabia to End Kafala (Sponsorship) system for Expats, Ministry of Saudi Arabia warned from Travelling these 12 countries. 5. ... investigators in 2019 over alleged Saudi hack. This year, it has none. This caused both the number of billionaires and their total wealth to shrink. World Richest Man and Amazon founder Jeff Bezos mobile phone was hacked after receiving a WhatsApp message sent from a number belonging to Saudi crown prince Mohammed Bin … He becomes the Crown Prince after the death of his brother Nayef bin Abdulaziz in 2012 and in 2015 he becomes the King of Saudi Arabia after the death of his brother King Abdullah. Saudi Arabia was home to 10 billionaires last year, according to Forbes. 4 in the list of top Fri 2 Aug 2019 02.54 EDT. https://saudiexpatriate.com/top-10-richest-people-saudi-arabia-ksa Font Size - Aa + Saudi oil minister attends wedding of the son of Asia's richest man . Their aggregate net worth stood at $6.48 trillion. Published in The Report: Saudi Arabia 2019 One of a Top businessman and a largest stake-holder in Al-Rajhi Bank. Check out the top 10 list of the richest people in Saudi Arabia. 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