Suleiman al-Habib is a name that commands respect and admiration in the business world of Saudi Arabia. With a net worth of over $12 billion, he is the richest non-royal man in the country and one of the wealthiest doctors in the world. He has amassed his fortune through his diversified investments in various sectors, such as healthcare, real estate, and finance.
Al-Habib is the founder and chairman of Dr. Sulaiman Al Habib Medical Group, which is one of the largest private healthcare providers in the Middle East. The group operates more than 20 hospitals and medical centers in Saudi Arabia and other countries, serving millions of patients with quality healthcare services. The group’s flagship hospital, the Dr. Sulaiman Al Habib Hospital, is one of the most advanced private hospitals in the region, with over 400 beds and state-of-the-art facilities.
Besides healthcare, al-Habib has also invested in real estate, with a focus on developing commercial and residential properties in the kingdom. He is the founder of Al Habib Real Estate, a leading real estate company in Saudi Arabia, which has a portfolio of prestigious projects.
Despite his enormous wealth, al-Habib is known for his low profile and modest lifestyle. He avoids the spotlight and seldom gives interviews to the media. However, his success in business has inspired many young entrepreneurs in Saudi Arabia, who look up to him for guidance and mentorship.
Early Life and Education
Suleiman al-Habib, the richest non-royal man in Saudi Arabia, was born in Riyadh in 1966. He grew up in a middle-class family and was raised by his father, who was a prosperous businessman. From a young age, Suleiman showed a keen interest in business and entrepreneurship.
After finishing his primary education, Suleiman went on to study at King Saud University in Riyadh. He graduated with a degree in business administration and continued his studies in the United States, where he obtained a master’s degree in finance from the University of Pennsylvania.
During his time in the United States, Suleiman gained valuable experience working in the finance industry, which helped him acquire a deep understanding of the global financial markets. He also learned about various investment strategies, which he later applied to his own business ventures.
Upon returning to Saudi Arabia, Suleiman started his career in the finance industry, working for several prominent banks and investment firms. He quickly earned a reputation as a smart investor and a shrewd businessman, which helped him accumulate a huge fortune over the years.
Business Ventures
Healthcare Empire
Suleiman al-Habib is the founder and chairman of Dr. Sulaiman Al Habib Medical Group, a leading healthcare provider in Saudi Arabia. The group operates more than 20 medical facilities across the country, including hospitals, clinics, and specialized centers. The group’s flagship hospital, the Dr. Sulaiman Al Habib Hospital, is one of the most advanced private hospitals in the region, with over 400 beds and state-of-the-art facilities.
Under al-Habib’s leadership, the medical group has become a trusted brand in the healthcare industry, known for its high-quality services and patient-centered approach. The group offers a wide range of medical specialties, including cardiology, neurology, oncology, pediatrics, and more. It also invests heavily in research and development, constantly seeking to improve its services and treatments.
The medical group has grown significantly since its initial public offering in 2020, with its stock rising six-fold and reaching a record high. The group has also expanded its presence in the region, with 10 hospitals and medical centers under development in Saudi Arabia, the UAE, and Bahrain.
Investments and Holdings
In addition to his healthcare empire, Suleiman al-Habib has also made substantial investments in various industries, such as real estate, finance, and technology. He is the founder of Al Habib Real Estate, a leading real estate company in Saudi Arabia, which specializes in residential and commercial properties. The company has a portfolio of prestigious projects, such as the Al Habib Tower, a 50-story skyscraper in Riyadh.
Al-Habib is also a major shareholder in several banks and financial institutions, including Al Rajhi Bank and Riyad Bank. He has also invested in technology startups, such as Careem, a ride-hailing service that operates in the Middle East, North Africa, and South Asia. Careem is one of the most successful tech companies in the region, with over 33 million users and a valuation of over $2 billion.
Net Worth and Achievements
Wealth Estimation
Suleiman al-Habib is the richest non-royal man in Saudi Arabia, with a net worth of over $12 billion as of 2024, according to Forbes. He has built his fortune through his healthcare company, Dr. Sulaiman Al Habib Medical Group, which operates hospitals and clinics across Saudi Arabia, the UAE, and Bahrain.
The medical group was established by al-Habib in 1982, and it has become one of the largest healthcare providers in the region. The company went public in 2018, with al-Habib holding a majority stake in the company.
Philanthropy and Awards Despite his enormous wealth, al-Habib is known for his philanthropic efforts. He has donated millions of dollars to various charitable causes, including healthcare, education, and disaster relief. In 2020, he donated $10 million to support Saudi Arabia’s fight against the COVID-19 pandemic.
Al-Habib has also been honored for his contributions to the healthcare industry. He has received numerous awards and accolades, including the King Abdullah II Award for Excellence in Nursing, the Arab Health Achievement Award, and the Saudi Arabian Business Achievement Award.
In addition to his philanthropic and professional achievements, al-Habib is also a member of several prestigious organizations, including the World Economic Forum and the Saudi Arabian Olympic Committee.
Overall, Suleiman al-Habib’s net worth and achievements reflect his success in the healthcare industry and his dedication to giving back to his community.
Personal Life and Influence
Suleiman al-Habib is admired for his philanthropic activities, which have earned him respect and appreciation from people across Saudi Arabia. He has given millions of dollars to various charitable causes, including education, healthcare, and poverty alleviation. His donations have helped improve the lives of many people in the country.
In addition to his philanthropy, al-Habib is also known for his strong Islamic beliefs. He is a devout Muslim and has been actively involved in promoting Islamic values and teachings. He has also been a vocal advocate for the rights of women in Saudi Arabia, and has worked to promote their education and empowerment.
Al-Habib’s influence goes beyond his philanthropy and advocacy work. He is the founder and chairman of the Al Habib Medical Group, one of the largest healthcare providers in Saudi Arabia. The group operates several hospitals and medical centers across the country, providing high-quality healthcare services to thousands of patients every year.
Despite his success and wealth, al-Habib is known for his humility and down-to-earth personality. He is often seen interacting with people from all walks of life, and is known for his kindness and generosity towards those in need. His personal life remains largely private, but his public persona is one of a respected and influential figure in Saudi Arabia.
