Sultan bin Mohammed bin Saud Al Kabeer Net Worth

Prince Sultan bin Mohammed bin Saud Al Kabeer Net Worth

Highlights

Prince Sultan bin Mohammed bin Saud Al Kabeer is a member of the Saudi Royal family and has a net worth of $6 billion. He is the 12th son of King Abdulaziz, the founder of Saudi Arabia, and the Crowned Prince of Saudi Arabia. Al Kabeer is widely known for his significant contributions to the establishment of Almarai, a leading dairy company in Saudi Arabia.

Early Life

Prince Sultan bin Mohammed bin Saud Al Kabeer was born in Saudi Arabia, to King Abdulaziz and an undisclosed mother. He hails from the prominent Saudi Royal family and has lived a privileged life. Details about his birthdate and early upbringing are not publicly available.

Career

Prince Sultan bin Mohammed bin Saud Al Kabeer rose to prominence through his work in the dairy industry. In 1977, he played a pivotal role in the establishment of Almarai, a renowned dairy company in the region. With his vision and business acumen, Almarai flourished under his leadership. The company went public in 2005, and Al Kabeer currently owns nearly 29% of its shares.

Aside from the dairy industry, Al Kabeer also ventured into agriculture by acquiring an Argentine farm operator in 2011. This acquisition aimed to ensure a consistent supply of feed for his Holstein cows, which are his primary source of milk production. Furthermore, he maintains a farm near Riydah, where he raises around 100 studs, as reported by the Breeder’s Cup horse racing organization.

Personal Life

Prince Sultan bin Mohammed bin Saud Al Kabeer is known to be a private individual, and information about his personal life is scarce. His birthdate and specific details about his personal relationships and family are not publicly disclosed.

Net Worth Over Time

Prince Sultan bin Mohammed bin Saud Al Kabeer’s net worth has seen significant growth over the years, primarily attributed to his successful ventures in the dairy and agriculture industries. Starting from his involvement in Almarai, the company’s expansion and subsequent public listing resulted in substantial wealth accumulation for Al Kabeer. The company’s success and his ownership stake in it have contributed significantly to his impressive net worth of $6 billion.

Components of Net Worth

The majority of Prince Sultan bin Mohammed bin Saud Al Kabeer’s net worth stems from his ownership stake in Almarai. Owning approximately 29% of a successful and publicly-listed company has generated significant wealth for him. Additionally, his investments in the agriculture sector, particularly the acquisition of an Argentine farm operator, further contribute to his overall net worth.

In conclusion, Prince Sultan bin Mohammed bin Saud Al Kabeer’s net worth of $6 billion reflects his success not only as a member of the Saudi Royal family but also as a shrewd businessman. His contributions to the dairy and agriculture industries, particularly through Almarai and his farming ventures, have solidified his financial standing and established him as a prominent figure in the business world.

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