Image Credit:-Forbes Middle East
Five prominent names fell off Saudi Arabia’s billionaire rankings in 2026, reflecting changing market conditions, declining asset values, and shifting investment trends across several industries. The departures highlight how quickly billionaire fortunes can rise or fall in response to stock market performance and broader economic movements.
Among those no longer featured on the rankings are Waleed bin Ibrahim Al Ibrahim, Khalid Abdul Rahman Saleh Al Rajhi, Hamad Ali Al-Sagri, Ammar Soliman Fakeeh, and Mazen Soliman Fakeeh. Their absence demonstrates the volatility of wealth tied to listed companies, private investments, and sector valuations. Meanwhile, Saudi billionaire Yousuf Mohammad Jamjoom passed away earlier in 2026.
Waleed bin Ibrahim Al Ibrahim, founder and chairman of MBC Group, first joined the global billionaire rankings in 2025 with an estimated net worth of $1.4 billion, representing a landmark moment for the Middle East’s media industry. Khalid Abdul Rahman Saleh Al Rajhi, chairman and CEO of Abdulrahman Saleh Al Rajhi & Partners Co., entered the rankings the same year with a fortune estimated at $1.2 billion through investments in stocks and real estate.
Hamad Ali Al-Sagri, vice chairman and managing director of Leejam Sports, also appeared in 2025 as the fitness and wellness industry gained momentum in Saudi Arabia. Brothers Ammar and Mazen Soliman Fakeeh joined the billionaire list after the successful public listing of Fakeeh Care Group in 2024.
However, market declines significantly affected several fortunes over the following year. MBC Group’s share price dropped by more than 44% between March 2025 and May 2026, reducing the company’s market value to nearly $2.2 billion. As a result, Al Ibrahim’s stake in the business fell below the billionaire threshold.
Similarly, Fakeeh Care Group experienced a sharp decline in share value during the same period. The company’s market capitalization fell to around $2.1 billion, leading to a major reduction in the wealth of Ammar and Mazen Soliman Fakeeh.
Saudi Arabia’s billionaire rankings have seen notable fluctuations in recent years. In 2018, Saudi billionaires were excluded from global billionaire rankings. The Kingdom returned to the list in 2025 following a wave of new stock market listings and increased transparency around private wealth.
That year, Saudi Arabia recorded 15 billionaires on the global rankings, compared to 10 in 2017. Combined, their fortunes were estimated at $55.8 billion, highlighting the growing influence of Saudi wealth on the global stage.
Current Rank
Saudi Arabia’s billionaire rankings in 2026 highlight a rapidly evolving wealth landscape, led by Prince Alwaleed bin Talal Alsaud with an estimated net worth of $21.5 billion. Sulaiman Al Habib follows with $9.8 billion, while Abdullah bin Sulaiman Al Rajhi and Emad Al Muhaidib each hold fortunes of $2.6 billion. Sulaiman Al Muhaidib and Essam Al Muhaidib are tied at $2.4 billion, with Abdullah Al Othaim valued at $2.2 billion and Ibrahim Al Muhaidib at $2.1 billion. Abdullah Amer Al Nahdi secures a net worth of $2 billion, followed by Mohammad Abunayyan at $1.7 billion. Ajlan Abdulaziz Alajlan rounds out the list with an estimated fortune of $1.3 billion.
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