Prince Alwaleed bin Talal is the richest person in Saudi Arabia in October 2026, with an estimated fortune of about $25 billion. This list ranks the ten wealthiest Saudi individuals by our own valuations, built from listed-company stakes, family business values and disclosed holdings. Healthcare, finance, trading and energy fortunes now sit beside the royal investment wealth that topped the list a decade ago.
| Rank | Name | Net worth |
|---|---|---|
| 1 | Prince Alwaleed bin Talal | $25 billion |
| 2 | Sulaiman Al Habib | $10 billion |
| 3 | Mohammed Hussein Al Amoudi | $9.3 billion |
| 4 | Mohamed bin Issa Al Jaber | $7 billion |
| 5 | Mohammed Abdul Latif Jameel | About $5 billion |
| 6 | Abdullah bin Sulaiman Al Rajhi | $2.6 billion |
| 7 | Emad Al Muhaidib | $2.6 billion |
| 8 | Abdullah Al Othaim | $2.2 billion |
| 9 | Abdullah Amer Al Nahdi | $2 billion |
| 10 | Mohammad Abunayyan | $1.7 billion |
1. Prince Alwaleed bin Talal: Net worth $25 billion
He chairs Kingdom Holding Company, the Riyadh-listed investment house he founded. It holds stakes in hospitality, banking, technology and media, and he owns the large majority of it.
He owns the Four Seasons Hotel George V in Paris, which he bought in 1996 and renovated before its reopening in 1999. We estimate his total fortune at roughly $21 billion to $26 billion, depending on how private holdings are valued, and use the upper end of that range.
Our figure takes his controlling stake in the listed holding company, priced against a market capitalization of about $12 billion in mid-2026, and adds his private investments.
2. Sulaiman Al Habib: Net worth $10 billion
Sulaiman Al Habib is a physician who built Dr. Sulaiman Al Habib Medical Services Group into one of the largest private hospital operators in the Middle East. The group is listed on the Saudi exchange and reported about $2.7 billion in revenue over the first nine months of 2025.
He has been the second-richest Saudi since the healthcare group’s share price climbed, and his wealth moves closely with that stock.
We applied his stake of roughly 40% to a group market value of about $24 billion in 2026, which lands just under $10 billion.
3. Mohammed Hussein Al Amoudi: Net worth $9.3 billion
Mohammed Hussein Al Amoudi was born in Ethiopia in 1946 and moved to Saudi Arabia at 19. He holds Saudi citizenship and controls the MIDROC and Corral Petroleum conglomerates, which span construction, energy, agriculture, mining, hotels and healthcare.
His businesses include gold mining in Ethiopia and oil refineries in Morocco and Sweden. His wealth is largely private, so published estimates move with asset revaluations.
Reported asset values for mining, refining and real estate in his private conglomerates support a figure near $9.3 billion.
4. Mohamed bin Issa Al Jaber: Net worth $7 billion
Mohamed bin Issa Al Jaber founded and chairs MBI Group, in which he holds about 80%. The group runs JJW Hotels & Resorts, with luxury hotels in Austria, France, Portugal and the United Kingdom.
He is a Saudi-born businessman who also holds Australian citizenship. The most recent figure we found is from late 2023, so we hold it flat rather than raise it.
His roughly 80% of private MBI Group is valued from hotel and real estate assets, anchored to the last published estimate of about $7 billion.
5. Mohammed Abdul Latif Jameel: Net worth about $5 billion
Mohammed Abdul Latif Jameel chairs Abdul Latif Jameel, the Jeddah-based family company that was founded in 1945 and became a Toyota distributor in 1955. It now operates in more than 30 markets with over 11,000 employees.
His sons Fady and Hassan Jameel hold vice chairman roles, so the fortune is increasingly shared across the family. Public evidence on the exact figure is thin, so treat it as a rough estimate.
We estimated the family group from its automotive distribution, finance, real estate and energy operations and held near the long-standing $5 billion mark.
6. Abdullah bin Sulaiman Al Rajhi: Net worth $2.6 billion
Abdullah bin Sulaiman Al Rajhi belongs to the family behind Al Rajhi Bank, one of the largest Islamic banks in the world. Family members together hold well over $20 billion of wealth, but it is divided across many people.
He is the individual with the largest stake we could verify, which puts him at the top of the family on our list.
The estimate takes his share of the family’s listed Al Rajhi Bank holdings and other businesses at current market prices.
7. Emad Al Muhaidib: Net worth $2.6 billion
Emad Al Muhaidib is a member of the Al Muhaidib family, whose Almuhaidib Group is active in food distribution, real estate and industry. Several relatives, including Sulaiman, Essam and Ibrahim, hold similar fortunes of $2.1 billion to $2.4 billion.
The family also holds a stake in Vision Invest, the shareholder in ACWA Power.
The family group’s value is split across members, with him taking the largest individual share.
8. Abdullah Al Othaim: Net worth $2.2 billion
Abdullah Al Othaim belongs to the family behind Al Othaim, a large supermarket and mall operator in Saudi Arabia.
His wealth rests on the retail and real estate holdings of the Othaim group.
His holdings in the listed Othaim retail business and the family’s real estate drive the estimate.
9. Abdullah Amer Al Nahdi: Net worth $2 billion
Abdullah Amer Al Nahdi is a founding-family shareholder of Nahdi Medical, a leading pharmacy chain in the kingdom.
The company is listed on the Saudi exchange, so his fortune follows its share price.
His shareholding applied to the market capitalization of the listed pharmacy chain gives the figure.
10. Mohammad Abunayyan: Net worth $1.7 billion
Mohammad Abunayyan is the chairman of ACWA Power, the Saudi developer of power and desalination plants. His family business, Abunayyan Holding, was a founding shareholder of the company, and we estimate his direct and indirect stake at a few percent.
His fortune fell from a higher level in 2025 when the share price dropped.
We estimated his direct and indirect shares and his slice of the family trading company, marked to the 2026 share price.
Special mentions
Some of the biggest names in Saudi wealth are family fortunes rather than single people, so we do not rank them. The Al Rajhi family holds more than $20 billion across its members, and the Olayan family, behind Olayan Group, holds more than $10 billion. Earlier versions of this list included Sultan Al Kabeer, Saleh Kamel and Sulaiman Al Rajhi, who no longer appear because we could not support a current figure at this level.
The habits that let people afford this
Short audio lessons on money, mindset and discipline, in the Alux app.
Get the Alux app →FAQ
Who is the richest person in Saudi Arabia in 2026?
Prince Alwaleed bin Talal, with an estimated fortune of about $25 billion, mostly through Kingdom Holding Company.
Who is the second richest Saudi?
Sulaiman Al Habib, the founder of a hospital group listed in Riyadh, with about $10 billion.
Who is new on the list since 2016?
Sulaiman Al Habib, Abdullah bin Sulaiman Al Rajhi, the Al Muhaidib family member Emad, Abdullah Al Othaim, Abdullah Al Nahdi and Mohammad Abunayyan. Their wealth comes from healthcare, retail, pharmacies and energy.
Which Saudi fortunes are family-owned rather than individual?
The Al Rajhi and Olayan families each hold well over $10 billion, but it is spread across many relatives, so we leave them as special mentions.
How much oil wealth is on the list?
Little directly. Most of the fortunes come from banking, healthcare, retail, trading and construction, and the oil economy supports demand for all of them.
How are the figures estimated?
We combine listed share prices, stake sizes and the reported value of private companies, and we use the higher realistic figure when sources differ.
How we estimate net worth
Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.
For this list we used listed-company market capitalizations, disclosed shareholdings and reported values of privately held groups. Where only one estimate existed, we hedge the figure in the text.
Last updated: October 2026.
