Al Rashid Net Worth
In 2009 Forbes estimated his net worth at US$ 8 billion. But some rumors on the Internet state his net worth around US$ 20 billion, which would make him one of the richest men in the world.
Rashid Engineering is a full-service consulting engineering firm based in Riyadh, Saudi Arabia, which oversees major government construction projects for the Kingdom of Saudi Arabia.
He started Rashid Engineering in 1975. After several successful projects for the Saudi government, he was elected as Engineering Consultant to the Royal Court.
Since then the company was involved in several prestigious projects such as royal palaces, government buildings, high ways, tunnels and bridges and hotels throughout Saudi Arabia.
Al-Rashid is an active philanthropist, donating several hundred million dollars. Large donations include US$ 140 million for the King Fahd National Centre for Children’s Cancer and Research, which al-Rashid built and US$ 40 million for a large orphanage center.
In 2012 Mr Al-Rashid donated USD 10 million to the Bascom Palmer Eye Institute at the University of Miami. Nasser Al-Rashid is a board member of the exclusive Equestrian Club of Riyadh.
Al-Rashid owns at least two private jets: a Gulfstream G550 with registration VP-BNR and a Gulfstream G650 with registration number VP-CNR. He has his own website.
Ibrahim al Rashid
Nasser’s son Ibrahim al Rashid owns a large house in Miami.