King Abdullah Bin Abdulaziz Net Worth $17 Billion
King Abdullah is the 6th King of Saudi Arabia, a kingdom that controls over 18% of the world’s oil, which makes him the world’s most influential Muslim. He's also the 8th most powerful person in the world, with a net worth of $17 billion dollars. Today, Saudi Arabia is among the foremost 20 richest countries worldwide. Born on August 1st, 1924 to Ibn Saud, the founder of modern Saudi Arabia, King Abdullah held many important positions before ruling one of the richest countries in the world.
His first administrative role was as the mayor of Mecca. In 1962, Abdullah was appointed as the commander of the Saudi Arabia National Guard, a position he held until he became the King.
He became the De-Facto Ruler of his Kingdom in 1995, when his brother King Fahd suffered a stroke. After 2005, he became the official King upon the death of King Fahd. As a King, Abdullah has maintained a “citizen first” approach during the period of his reign. About 50% of Saudi Arabia’s populations are under the age of 25, so the demand for employment and related issues like housing and entrepreneurial assistance required investments and reforms from the government. The King injected $130 billion into the unemployment and housing funds, and this move was hailed by the masses of Saudi Arabia, as well as by reformists from all over the world. King Abdullah opened the doors of his kingdom to the whole world, and this political and economic move has benefited the country immensely. Nowadays, Saudi Arabia has close ties with America and the Western World because these countries provide technologies and equipment for military as well as other strategic and civil uses.
King Abdullah is also a renowned philanthropist; he donates millions of dollars towards the health care of economically deprived people from all over the globe and a great amount of his contribution goes towards the construction of hospitals in other parts of the world. The king is a horse rider and owns the biggest stable in Saudi Arabia, a place where he breeds pure blooded Arabic horses.