Sulaiman Al Rajhi & family’s profile picture

Sulaiman Al Rajhi & family

Sulaiman Al Rajhi & family’s profile picture
Net worth 2018: $2.1 Billion
Industry: Finance
Country: Saudi Arabia
BirthDay: 1929
Children: 23
BIOGRAPHY

Sulaiman Al Rajhi & family was bornon 1929 in Saudi Arabia. Sulaiman Al Rajhi transferred his nearly 20% stake in Al Rajhi Bank two years ago to a charitable endowment that bears his name. The move follows an announcement he made in 2011 to donate the bulk of his fortune to charity, funding anti-hunger efforts and education in Saudi Arabia. The endowment is also the recipient of his stake in his paper and plastics company, as well as shares in the family's investment firm, which has agricultural projects in Africa and Eastern Europe. Al Rajhi has retained other assets worth more than $1 billion, including Al Watania Poultry, one of the biggest poultry farms in the Gulf.

NET WORTH STATISTIC
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

TIMELINE
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

2011

In May 2011, he announced he was donating most of his $7

1983

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

1970

The Al Rajhi brothers’ business growth and expansion was fed by the flood of migrant workers to Saudi Arabia during the 1970s oil boom

1929

Sheikh Sulaiman bin Abdulaziz Al Rajhi (Arabic سليمان بن عبد العزيز الراجحي, born 1929) is a Saudi Arabian corporate figure and billionaire

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