Sulaiman Al Rajhi, born in 1929 in Saudi Arabia, transferred his nearly 20% stake in Al Rajhi Bank to a charitable endowment bearing his name in 2019. This move followed his announcement in 2011 to donate the bulk of his fortune to charity, funding anti-hunger efforts and education in Saudi Arabia. The endowment also received his stake in his paper and plastics company, as well as shares in the family's investment firm. Al Rajhi has retained other assets worth more than $1 billion, including Al Watania Poultry.
Sulaiman Al Rajhi & family is a member of Finance
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.
2010
$6.5 Billion
2011
$7.7 Billion
2012
$5.9 Billion
2013
$6 Billion
2014
$1.9 Billion
2015
$2.1 Billion
2018
$2.1 Billion
Some Sulaiman Al Rajhi & family images
Biography/Timeline
2011
In May 2011, he announced he was donating most of his $7.7 billion fortune to charity.
2012
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.
2019
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.