When it comes to power, influence, and wealth in Saudi Arabia, Turki Alalshikh is a name that cannot be overlooked. From shaping the entertainment industry to making waves in the sports sector, Alalshikh has played a pivotal role in modernizing Saudi Arabia’s cultural landscape. But beyond his influence, one question that keeps coming up is: What is Turki Alalshikh’s net worth, and where does his fortune come from?
Who is Turki Alalshikh?
Born on August 4, 1981, Turki bin Abdul Mohsen Al-Sheikh is now 43 years old (as of 2025). A proud Leo, he was born and raised in Riyadh, Saudi Arabia, where he still resides with his family. He is married and has three children. Alalshikh’s educational background includes time at King Fahd Security College and King Saud University, where he honed the skills that would eventually propel him to national prominence.
His resume is nothing short of impressive. He serves as an adviser to the Saudi Royal Court at the rank of minister and, since December 2018, has been the Chairman of the General Entertainment Authority (GEA). Through his leadership, he has played a crucial role in the Vision 2030 initiative, Saudi Arabia’s plan to diversify the economy and move away from an oil-dependent model by boosting tourism and entertainment.
What is Turki Alalshikh’s Net Worth?
As of January 2025, Turki Alalshikh’s estimated net worth is $2.8 billion (£2.14 billion), according to Sports Casting and MSN. This staggering wealth comes from various sources, including his government positions, high-profile investments, and a deep commitment to sports and entertainment ventures.
How Did Turki Alalshikh Build His Wealth?
1. His Role in the Saudi Government
Alalshikh’s influence in Saudi Arabia stems largely from his advisory role in the Royal Court and his leadership at the General Entertainment Authority (GEA). Under his direction, Saudi Arabia has hosted record-breaking events such as Riyadh Season, attracting global music stars, film festivals, and high-profile sporting events. These events not only boost local tourism but also generate significant revenue for the Kingdom.
His leadership at GEA has been transformative, turning Saudi Arabia into a global entertainment hub. High-profile boxing matches, WWE events, and international concerts featuring A-list artists are now common, thanks to his initiatives.
2. Investments in Sports and Football Clubs
Alalshikh has always been a passionate sports enthusiast, but he didn’t stop at being a fan. His investments in international football clubs speak volumes about his vision for global sports expansion.
- He owns UD Almería, a Spanish football club, and was previously the owner of Egyptian club Pyramids FC.
- His investments in sports, particularly in boxing and football, have helped put Saudi Arabia on the world stage.
- He has played a significant role in bringing major boxing events to Riyadh, attracting some of the sport’s biggest names.
His involvement in these sporting ventures contributes significantly to his wealth, as these clubs and events generate immense revenue through ticket sales, broadcasting rights, and sponsorships.
3. The Acquisition of The Ring Magazine
One of his most headline-making moves was his $10 million acquisition of The Ring magazine in November 2024. This publication, often referred to as The Bible of Boxing, has been a staple in the boxing world for decades. Alalshikh’s acquisition of the magazine aligns with his broader vision of enhancing Saudi Arabia’s cultural footprint in the sports world.
After taking ownership, he announced ambitious plans for The Ring:
- A return to print in both U.S. and U.K. markets after stopping regular publication in 2022.
- Editorial independence, ensuring that its credibility and authenticity remain intact.
- A brand-new mobile app to make boxing news more accessible worldwide.
- An annual awards ceremony to recognize the best in boxing.
This strategic move not only elevates Saudi Arabia’s influence in the sports world but also cements Alalshikh’s position as a major investor in the global media industry.
4. Real Estate and Luxury Lifestyle
Though details about Alalshikh’s real estate holdings remain largely private, it is well-known that he has a taste for luxury properties. His status as a billionaire means he likely owns some of the most exclusive real estate in Saudi Arabia and beyond.
However, one extravagant aspect of his lifestyle that has caught attention is his car collection. Reports suggest that he owns an incredible fleet of 77 luxury cars, including a Bugatti Chiron worth $4.8 million. His passion for rare and high-end automobiles is yet another reflection of his immense wealth.
The Impact of Turki Alalshikh’s Leadership on Saudi Arabia
Turki Alalshikh’s efforts go beyond personal wealth accumulation. He has been instrumental in transforming Saudi Arabia’s cultural and entertainment scene, breaking old stereotypes, and making the Kingdom a global player in sports and entertainment.
Through initiatives like Riyadh Season, he has introduced the Saudi public to world-class entertainment while also attracting international tourists. His investments in boxing, football, and global media demonstrate a long-term vision that aligns perfectly with the country’s Vision 2030 goals.
His involvement in global sports diplomacy has also helped strengthen Saudi Arabia’s relationships with international sports bodies, ensuring that the country remains a key destination for major events in the future.
A Billionaire with a Vision
Turki Alalshikh is more than just a wealthy individual. He is a visionary leader who has played a crucial role in reshaping Saudi Arabia’s entertainment, sports, and cultural industries. With a net worth of $2.8 billion, he continues to invest in ventures that bring global attention to the Kingdom.
Whether it’s through his role in government, sports investments, or his acquisition of The Ring magazine, Alalshikh is building a legacy that goes beyond personal success. He is creating a new image for Saudi Arabia, one where entertainment and sports play a significant role in economic growth and global influence.
As he moves forward with his bold plans, one thing is certain: Turki Alalshikh is a name the world will continue to hear for years to come.
