Saudi Tycoon Loses Billionaire Status After Charity Donation

  •  Publish date: Tuesday، 30 July 2024 Last update: day ago
Saudi Tycoon Loses Billionaire Status After Charity Donation

Sulaiman bin Abdul Aziz Al Rajhi, a co-founder of Al Rajhi Bank and one of Saudi Arabia’s top businessmen, has donated most of his wealth to charity.

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Major Philanthropic Move

Sulaiman bin Abdul Aziz Al Rajhi, 95, once a billionaire, now has a net worth of $590 million. He split his wealth, giving half to his children and the other half to charitable organizations. 

Saudi Tycoon Loses Billionaire Status After Charity Donation

Focus on Various Causes

Al Rajhi’s donations are managed through the Sulaiman Bin Abdul Aziz Al Rajhi Charitable Foundation. The foundation supports education, religion, healthcare, and social issues, with a total donation amounting to around 221 million SAR.

Saudi Tycoon Loses Billionaire Status After Charity Donation

Impact and Recognition

His generous acts have made him a respected figure in philanthropy, benefiting numerous individuals and organizations. His ongoing commitment to giving back continues to inspire many.

source https://www.saudimoments.com/saudi-tycoon-loses-billionaire-status-after-charity-donation-673081.html

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