Sulaiman Al Rajhi Net Worth is$6 Billion
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Profession: Banker | Businessperson
Date of Birth: 1920
Country: Saudi Arabia
Sulaiman Al Rajhi net worth: Sulaiman Al Rajhi is a corporate figure who has a net worth of $6 billion. Sulaiman Al Rajhi generated his immense fortune as the chairman of Al Rajhi Bank, which is one of the largest companies in Saudi Arabia and one of the world's largest banks as well. Al Rajhi founded the bank along with his brothers Abdullah, Mohammed and the late Saleh, once they won permission to open Saudi Arabia's first Islamic bank, one that would observe religious tenet, ie., ban on interest. Helping Saudi Arabia's immigrants send their earnings home to places like Indonesia and Pakistan, the Al Rajhi brothers eventually turned their banking group into one of the world's largest Islamic banks. But now, as Sulaiman says, he is a man who only owns his dresses, having distributed his wealth among his 23 children and setting aside a portion to run charity projects. However, he is still listed on the Saudi stock exchange as the owner of nearly 20% of Al Rajhi Bank, making him one of the richest and most affluent people in the country. Mainly focused on charity, Sulaiman actively runs his SAAR Foundation that has funded anti-hunger efforts and education in Saudi Arabia.
Sheikh Sulaiman bin Abdul-Aziz Al-Rajhi (born 1920) is a Saudi Arabian corporate figure and billionaire. He is the chairman of Al Rajhi Bank, one of the largest companies in Saudi Arabia and the largest Islamic bank in the world. As of 2011, his wealth was estimated by Forbes to be $7.7 billion, making him the 120th richest person in the world.
Sulaiman Al-Rajhi grew up in the Nejd desert where he and his brother Saleh began their business by changing money for pilgrims taking camel caravans across the desert to the cities of Mecca and Medina.
Sulaiman Abdul Aziz Al Rajhi holds the largest individual stake in his family's Al Rajhi Bank, which has consistently reported the most profitable operations amongst all of Saudi Arabia's banking groups. A co-founder of the bank, with older brother, Saleh, he is currently the chairman of what is nationally recognized as the Tadawul's most venerable institution.
The Al Rajhi brothersa?? 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 Arabiaa??s first Islamic bank, one that would observe religious tenets such as a ban on interest.
The Al Rajhi family continue to be Al Rajhi Bank's majority share holders though Sulaiman and his brothers have diversified family investments into gypsum, agriculture, steel, and other industrial sectors.
His higher educational degree was elementary degree. He lives in Saudi Arabia and has at least 23 children.
The Al Rajhi family is considered, by most in Saudi Arabia, as the country's wealthiest non-royals, and among the world's leading philanthropists. His flagship SAAR Foundation (fronting a network of charities, think tanks, and supporting business entities) achieved prominence as the key subject of a March 20, 2002 raid by Federal Bureau of Investigation (FBI), as a part of O

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