Top 10 Richest Men in Saudi Arabia
The richest man in Saudi Arabia remains Prince Alwaleed bin Talal, whose net worth is estimated at around $19 billion by Forbes. He controls Kingdom Holding Company, a diversified public firm with stakes in Citigroup, Twitter, and Lyft, and the company reports its financials on its official investor relations page at Kingdom Holding Company. Prince Alwaleed has been a consistent top name in global rich lists for years, with wealth tied to early investments in major tech and consumer brands.
The second richest individual in the kingdom is Mohammed Al Amoudi, with a net worth near $11 billion, built largely through investments in oil, construction, and real estate across Saudi Arabia and Ethiopia. His holdings include stakes in Saudi Cement Company and the Sheraton Hotel chain, and he is frequently cited by Forbes as one of the wealthiest figures in the Middle East.
Other High Net Worth Figures in the Top 10
Other notable names in the top 10 include the Saudi royal family members and major business figures such as Saleh Kamel, the founder of Dallah Albaraka Group, and the Bin Laden family patriarchs, whose construction and real estate empire spans major infrastructure projects in Saudi Arabia and beyond. The group's diversified portfolio includes engineering, construction, and hospitality, with operations documented in corporate filings and industry reports.
Sources of Wealth and Key Sectors
Most of the wealth on this list traces back to Saudi Arabia's energy sector, construction industry, banking, and real estate, with many billionaires holding stakes in firms that benefit from government contracts and Vision 2030 initiatives. The kingdom's sovereign wealth fund, the Public Investment Fund, also plays a major role by investing in large-cap companies globally, and its portfolio is detailed on its official page at Public Investment Fund.
Beyond energy and construction, technology and consumer investments have become a growing source of wealth for Saudi billionaires, with many holding stakes in global platforms and companies listed on major exchanges. These investments often provide exposure to high-growth sectors such as e-commerce, fintech, and mobility, and the individuals frequently reference publicly available financial disclosures and investor materials when discussing their portfolios.
Rankings, Data Sources, and Methodology
The rankings are based on the latest publicly available data from Forbes, Bloomberg Billionaires Index, and company filings, with net worth estimates reflecting stock prices and asset values as of the most recent update cycles. Forbes remains the primary source for global rich lists, and its methodology is explained on its official page at Forbes Real-Time Billionaires, while individual company valuations often draw on SEC filings and annual reports.
Because wealth estimates depend on market fluctuations and private company valuations, the exact figures can shift quickly, but the relative order of the top 10 richest men in Saudi Arabia has remained stable in recent cycles. The list focuses on individuals with Saudi nationality or primary residence, and all data points are drawn from public financial disclosures, credible news outlets, and official regulatory filings rather than speculative estimates.