Sheikh Sulaiman bin Abdulaziz Al Rajhi
Sheikh Sulaiman bin Abdulaziz Al Rajhi born 1920 is a Saudi Arabian corporate figure and a billionaire. As of 2011, his wealth was estimated by Forbes to be $7.7 billion, making him the 120th richest person in the world. 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. Sulaiman Al Rajhi was born in Al Bukairiyah, located in Al Qassim province in Saudi Arabia, and 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 Abdulaziz 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 an older brother, Saleh, he is currently the chairman of what is nationally recognized as the Tadawul’s most venerable institution. His higher educational degree was elementary degree. He lives in Saudi Arabia and has at least 23 children.
Contributions / Achievements:
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.
Chairman of National Agricultural Development Company (NADEC).
Organizations founded Al-Rajhi Bank, the SAAR Foundation
Influence & Impact on the community:
Shaikh Al-Rajhi is renowned for his strict adherence to Islamic principles in all his dealings and business activities, as well his personal life. Despite his vast wealth, he leads a simple life. He is one of the world’s leading philanthropists, building mosques and homes for the poor, and supporting local and international charitable organizations. In 2011, he endowed more than 50% of his entire wealth for humanitarian purposes (and the rest of his family) and established a special foundation to monitor this endowment, maintain it and ensure that it is spent on its intended purpose. Apart from his leading role in establishing the world’s largest and most venerable Islamic banking institution operating in accordance with Islamic teachings, Shaikh Al-Rajhi continues to contribute to humanitarian efforts to fight poverty. His humanitarian foundation is also building non-profit colleges in his hometown, Bukairyiah, as a nucleus for a university soon to be announced.