Sulaiman Al Muhaidib

18. Sulaiman Al Muhaidib

Net Worth: $2.3 B
Age: 71
Country: Saudi Arabia
Industry: Diversified

Sulaiman Al Muhaidib is chairman of Al Muhaidib Group, a Dammam-based family-owned conglomerate. The group invests in consumer products, infrastructure, construction, real estate, and finance. Sulaiman owns 28% of the company. The group was founded in 1943 by his father Abdulkadir, who began as a food trader before expanding into building materials and real estate. Sulaiman and his brothers Essam and Emad took over after Abdulkadir’s death in 1996. They share ownership with four other family members. Al Muhaidib Group owns shares in at least 16 publicly traded companies in Saudi Arabia and Egypt.