| Name: | Fahad al Athel |
| Net Worth: | US$ 2.2 billion |
| Source of Wealth: | FAL Holdings |
| Born: | May 10, 1948 |
| Age: | |
| Country: | Saudi Arabia |
| Wife: | Unknown |
| Children: | Bader, Mohammad, Turki |
| Residence: | Cologny |
| Private Jet: | (VP-CFA) Embraer Legacy 600 |
| Yacht: | Elements |
For decades, Fahad al Athel has been a name synonymous with influence and entrepreneurial success in Saudi Arabia. Born in May 1948, this prominent businessman, renowned philanthropist, and devoted family man, is the force behind FAL Holdings, one of Saudi Arabia’s leading conglomerates. As a testament to his influence, Fahad al Athel stands as one of the most powerful figures in Saudi Arabia, shaping the economic and social landscape of the country.
FAL Holdings is an embodiment of Fahad al Athel’s visionary leadership and strategic prowess. The company is a prominent player in diverse sectors, such as healthcare, technology, and real estate, contributing significantly to Saudi Arabia’s socio-economic growth.
Within FAL Holdings’ impressive portfolio are several thriving companies. This includes GAMA Hospital, a healthcare facility committed to providing top-tier medical services, and Detecon al Saudi, a pioneer in communication and IT solutions. The group also boasts the FAL Beach Resort, a popular leisure destination, and FAL Motors, the prominent importer of ZXAUTO, the second-largest automobile brand in the Republic of China.
FAL Holdings’ impressive performance, with revenues surpassing US$ 600 million and a dedicated workforce of more than 4,000 employees, reflects the group’s industry leadership. Furthermore, FAL Holdings’ international ventures include the ownership of London Ashford Airport and the esteemed yacht builder, YachtLey.
Yachtley, based in Turkey, is another successful venture under Fahad al Athel’s umbrella. The shipyard is renowned for constructing two iconic superyachts, the Elements and the Nourah of Riyadh. Yachtley is also recognized for its expertise in refitting yachts, further cementing its position in the luxury yacht industry.
Owing to his varied business interests and entrepreneurial success, Fahad al Athel has amassed a significant fortune. His net worth is currently estimated to be around US$ 2.2 billion, a testament to his business acumen and dedication.
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Sheikh Fahad al Athel resides in Saudi Arabia, but he also owns a large house in Cologny, Switzerland.
Cologny is an idyllic municipality located in the Canton of Geneva, Switzerland. Nestled on the outskirts of Geneva, this charming town boasts of unparalleled scenic beauty with its panoramic views of Lake Geneva and the nearby French and Swiss Alps. Noted for its exclusive residential areas, Cologny is often home to wealthy individuals seeking tranquility, privacy, and a high standard of living.
The town also carries historical significance with Villa Diodati, where English poet Lord Byron stayed and wrote part of his famous ‘Don Juan’. Cologny is a hub of cultural heritage with the Bodmer Foundation, a library and museum that houses a rich collection of manuscripts and rare books. With a picturesque golf club and the leafy Parc de la Grange providing recreational facilities, the town perfectly blends luxury and leisure.
Despite its serene setting, Cologny has easy access to the vibrant city life of Geneva, making it a highly sought-after location. Offering a combination of luxurious living, historical richness, and natural beauty, Cologny is truly a Swiss gem.
He is the owner of the yacht Elements. It was built at YachtLey, which is part Al Athels’ FAL Group. The yacht was originally built for another owner, who withdrew from the project.
The ELEMENTS yacht is an embodiment of luxury and sophistication, built by the notable shipyard Yachtley.
Boasting robust MTU engines, ELEMENTS can reach an impressive speed of 20 knots and has a cruising speed of 14 knots.
The yacht, which can accommodate 24 guests and a crew of 29, features an exquisite interior design by Cristiano Gatto.
Sheikh al Athel owns an Embraer ERJ-135BJ Legacy 600 private jet with registration VP-CFA. The private jet was built in 2010. An Embraer Legacy 600 has s a list price of US$ 25 million. Al Athel previously owned a smaller Embraer Legacy.
The Embraer Legacy 600 is a highly-regarded business jet designed and manufactured by Embraer, a Brazilian aerospace company. This aircraft was introduced in the early 2000s as a variant of the Embraer ERJ 145 family of regional jet airliners.
With a range of nearly 3,500 nautical miles, the Legacy 600 can comfortably connect city pairs like New York to London or Singapore to Sydney, making it an ideal choice for both intercontinental and regional flights. It can typically seat 13 passengers but can be configured for up to 19 in a high-density setup.
The spacious cabin in the Legacy 600 is one of its standout features, with three distinct zones for work, rest, and dining, as well as a sizable galley and two lavatories. Moreover, the aircraft is equipped with a state-of-the-art avionics suite for enhanced safety and performance.
In terms of performance, the Legacy 600 is powered by two Rolls-Royce AE 3007/A1P turbofan engines, allowing it to reach a cruising speed of Mach 0.80.
Overall, the Embraer Legacy 600 is praised for its combination of comfort, performance, and cost-effectiveness, offering a luxury flight experience that rivals larger, more expensive jets.
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SuperYacht Owners Database 10-2023
