Prince Sultan bin Mohammed bin Saud Al Kabeer at a Glance
- Categories: Politicians, Politicians > Sheiks
- Net Worth: $6 Billion
Prince Sultan bin Mohammed bin Saud Al Kabeer: A Profile in Wealth and Influence
Introduction: A Royal Figure
Prince Sultan bin Mohammed bin Saud Al Kabeer is a prominent member of the Saudi royal family, known for his significant wealth and business acumen. His lineage connects him directly to the founder of Saudi Arabia, King Abdulaziz, making him a figure of considerable influence and prestige. This article delves into the details of his net worth, business ventures, and the various facets of his life that contribute to his remarkable standing.
Net Worth and Financial Standing
Prince Sultan’s estimated net worth of $6 billion places him among the wealthiest individuals in Saudi Arabia and the world. This considerable fortune is a result of his diverse investments and entrepreneurial endeavors, particularly in the agricultural and dairy industries. His financial success reflects not only personal wealth but also the broader economic landscape of Saudi Arabia and its strategic investments.
Almarai: The Dairy Empire
The cornerstone of Prince Sultan’s financial empire is the Almarai Company, established in 1977. Almarai is the largest integrated dairy company in the Middle East, known for its high-quality dairy products and extensive distribution network. Prince Sultan owns a significant stake in Almarai, contributing substantially to his net worth.
- Foundation: Established in 1977.
- Public Offering: Went public in 2005.
- Ownership: Approximately 29% ownership by Prince Sultan.
- Market Position: Leading dairy producer in the Middle East.
Agricultural Ventures Beyond Dairy
To support his dairy operations, particularly to feed his large herd of Holstein cows, Prince Sultan expanded his agricultural investments. This included the acquisition of an Argentine farm operator in 2011, which produces essential grains such as barley, maize, and wheat. These agricultural ventures ensure a consistent supply of feed, crucial for the productivity and profitability of Almarai.
Equestrian Interests and Horse Breeding
Beyond his agricultural and dairy interests, Prince Sultan is also involved in equestrian activities. He owns a stud farm near Riyadh, where he raises approximately 100 studs. His involvement in horse breeding is noteworthy and reflects a personal passion as well as a potential investment area. This interest is documented by the Breeder’s Cup horse racing organization.
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Conclusion
Prince Sultan bin Mohammed bin Saud Al Kabeer’s life represents a blend of royal heritage, business acumen, and diverse interests. From his significant stake in Almarai to his agricultural and equestrian ventures, he exemplifies the dynamic interplay between traditional roles and modern entrepreneurship within the Saudi context. His story is a testament to the enduring influence of the Saudi royal family and the economic opportunities available in the Kingdom.