Saudi Arabia, known for its vast oil reserves and thriving economy, is home to some of the wealthiest individuals in the world. From royal family members to entrepreneurs and business tycoons, the Kingdom’s rich list is a testament to the nation’s economic prowess and the diverse opportunities it offers. In this comprehensive article, we delve into the lives and ventures of the top 10 richest people of Saudi Arabia in 2025.
Prince Alwaleed Bin Talal
Net Worth: $16.5 Billion
Prince Alwaleed Bin Talal Bin Abdul-Aziz Al-Saud is undoubtedly the richest man in Saudi Arabia. He owns 95% of the shares in Kingdom Holding, a listed company, and has also built the iconic Kingdom Center in Riyadh. Prince Alwaleed’s diverse investments and business acumen have propelled him to the top of the Saudi rich list.
Sulaiman Al Habib
Net Worth: $10.9 Billion
Sulaiman Al Habib, a trained pediatrician, is the founder and chairman of Dr. Sulaiman Al Habib Medical Services Group (HMG), a leading hospital group in Saudi Arabia. In 2020, he took the group public on the Saudi stock exchange, and now owns 40% of the company, which operates hospitals and medical clinics across the Kingdom, Dubai, and Bahrain.
Emad Al Muhaidib
Net Worth: $3.8 Billion
Emad Al Muhaidib, the vice chairman of Al Muhaidib Group, a family-owned business in Dammam, is the third-wealthiest man in Saudi Arabia. The Al Muhaidib Group invests in various sectors, including consumer products, infrastructure, construction, real estate, and finance.
Essam Al Muhaidib
Net Worth: $3.6 Billion
Essam Al Muhaidib, the CEO of Al Muhaidib Group, is the fourth-richest man in Saudi Arabia. He has played a crucial role in the expansion and diversification of the family’s business empire.
Sulaiman Al Muhaidib
Net Worth: $3.6 Billion
Sulaiman Al Muhaidib, the Chairman of Al Muhaidib Group, is the fifth-richest man in Saudi Arabia, sharing the same net worth as his brother, Essam Al Muhaidib.
Mohammad Abunayyan
Net Worth: $3.2 Billion
Mohammad Abunayyan, the founder and chairman of ACWA Power, a Saudi company that generates power and desalinates water, is ranked sixth among Saudi Arabia’s wealthiest people. He took the company public on the Saudi stock exchange in 2021, owning 4.5% of the shares.
Abdullah Al Othaim
Net Worth: $2.5 Billion
Abdullah Saleh Al Othaim, the chairman of Abdullah Al-Othaim Markets, a supermarket chain in Saudi Arabia, is the country’s seventh richest man. The chain has over 400 stores in Saudi Arabia and about 50 in Egypt.
Abdullah bin Sulaiman Al Rajhi
Net Worth: $2.5 Billion
Abdullah Suleiman Abdulaziz Al-Rajhi, the son of Sulaiman Al Rajhi, who established Al Rajhi Bank, is the 8th wealthiest man in Saudi Arabia. The Al Rajhi Group holds investments in various sectors, including banking, agriculture, steel, and cement.
Abdullah Amer Al Nahdi
Net Worth: $2.3 Billion
Abdullah Amer Al Nahdi, the founder and vice chairman of Nahdi Medical, Saudi Arabia’s largest chain of pharmacies, is the 9th richest man in the Kingdom. Nahdi Medical went public on the Saudi stock exchange in 2022.
Waleed bin Ibrahim Al Ibrahim
Net Worth: $1.4 Billion
Waleed bin Ibrahim Al Ibrahim, the founder and chairman of MBC Group, an Arab TV broadcaster, is the tenth-wealthiest person in Saudi Arabia. He owns 36% of the company, while the Saudi Public Investment Fund owns 54%.
Conclusion
These individuals, through their entrepreneurial spirit, visionary leadership, and strategic investments, have not only amassed substantial wealth but have also played a significant role in shaping the economic landscape of Saudi Arabia. Their success stories serve as an inspiration for aspiring entrepreneurs and business leaders within the Kingdom and beyond.
FAQs
1. What is the unique story behind Prince Alwaleed Bin Talal’s wealth?
Prince Alwaleed Bin Talal, the richest man in Saudi Arabia, built his fortune primarily through his 95% ownership of Kingdom Holding, a publicly-traded investment company. He is known for his savvy investments, including early stakes in companies like Apple and Citigroup, which have contributed significantly to his $16.5 billion net worth.
2. How did Sulaiman Al Habib, the second richest man, build his medical empire?
Sulaiman Al Habib, a trained pediatrician, founded the Dr. Sulaiman Al Habib Medical Services Group (HMG) in 1995. He took the hospital group public in 2020, retaining a 40% stake, which has now grown to a net worth of $10.9 billion. HMG’s expansion across Saudi Arabia, Dubai, and Bahrain has been a key driver of Al Habib’s wealth.
3. What is the unique family business model of the Al Muhaidib Group?
The Al Muhaidib Group, led by the third, fourth, and fifth richest men in Saudi Arabia (Emad, Essam, and Sulaiman Al Muhaidib), is a family-owned conglomerate that has diversified into various sectors, including consumer products, infrastructure, construction, real estate, and finance. This diversification strategy has contributed to the family’s collective net worth of $10.9 billion.
4. How did Mohammad Abunayyan, the sixth richest, disrupt the power and water generation industry?
Mohammad Abunayyan founded ACWA Power, a Saudi company that generates power and desalinates water, in 2004. He took the company public in 2021, retaining a 4.5% stake, which has now grown to a net worth of $3.2 billion. ACWA Power’s innovative approach to renewable energy and water desalination has positioned it as a leader in the industry.
5. What is the unique origin story of the Albaik restaurant chain, owned by one of the wealthiest families in Saudi Arabia?
The Albaik restaurant chain, owned by the Ihsan Shakour Abu Ghazalah family, is one of the most popular fast-food chains in Saudi Arabia. The family’s net worth is estimated at around $1.3 billion, with the business started by their father, Shakkour Abu Ghazalah, in 1974 in Jeddah. The chain’s success and rapid expansion have contributed significantly to the family’s wealth.
