Dr NASSER AL RASHEED • Net Worth $8 billion • House • Yacht • Private Jet • Rashid Engineering

Name:Dr Nasser Al Rasheed
Net Worth:$ 8 billion
Source of Wealth:Rasheed Engineering
Country:Saudi Arabia
Wife:Safia El Malqui
Children:9; six sons, three daughters
Residence:Sulaymanya, Riyadh, Saudi Arabia
Private Jet:Gulfstream G550 (VP-BNR), Gulfstream G650 (VP-CNR)
YachtLady Moura

An Insight into the Life of Saudi Billionaire: Dr. Nasser al Rashid

Dr. Nasser al Rashid, born in 1939, is a renowned figure in the world of finance and engineering, boasting the title of a Saudi Arabian billionaire. His substantial wealth is majorly attributed to the success of his firm, Rashid Engineering, which he founded and has made significant contributions to Saudi Arabia’s infrastructure. Dr. Rashid has also extended his influence to the field of education, with his alma mater, the University of Texas, naming the Dr. Nasser Al-Rashid Strength and Training Center in his honor.

Key Takeaways

  • Dr. Nasser al Rashid is a Saudi Arabian billionaire and founder of Rashid Engineering.
  • He has a strong philanthropic presence with significant donations towards healthcare and child welfare.
  • His firm, Rashid Engineering, has been a key player in Saudi Arabia’s infrastructural development.
  • Dr. Rashid owns at least two private jets: a Gulfstream G550 and a Gulfstream G650.
  • His son, Ibrahim al Rashid, also represents the family’s wealth with a large house in Miami.
  • He was owner of the Lady Moura Yacht, which he sold to Ricardo Salinas Pliego.

Nasser Al Rasheed

Dr Nasser al Rasheed

Dr. Nasser al Rashid’s Personal Life

Residing in the large and affluent area of Sulaymaniyah in Riyadh, Dr. Rashid’s personal life has also been touched with prominence. He was married to the well-known socialite, Mouna Ayoub. Since the early 2000s, he has been married to a Belgian-Algerian woman named Safia El Malqui.

Al Rashid Net Worth

The immense wealth of Dr. Nasser al Rashid has been a topic of speculation over the years. In 2009, Forbes estimated his net worth to be $8 billion. However, certain online rumors suggest that it could be around US$ 20 billion, placing him among the richest individuals globally.

Contributions to Infrastructure through Rashid Engineering

Rashid Engineering, headquartered in Riyadh, Saudi Arabia, is a full-service consulting engineering firm. Founded by Dr. Rashid in 1975, it has been instrumental in overseeing major government construction projects within the Kingdom of Saudi Arabia. After demonstrating significant success in early projects, Dr. Rashid was appointed as Engineering Consultant to the Royal Court. This led Rashid Engineering to be involved in constructing various prestigious structures, including royal palaces, government buildings, highways, tunnels, and hotels throughout Saudi Arabia.


Not just a successful entrepreneur, Dr. Al-Rashid is also a generous philanthropist. He has donated hundreds of millions of dollars to various causes. Significant contributions include $140 million for the King Fahd National Centre for Children’s Cancer and Research, which he built, and a $40 million donation to establish a large orphanage center. In 2012, he donated $10 million to the Bascom Palmer Eye Institute at the University of Miami. Moreover, Al-Rashid holds a board membership at the exclusive Equestrian Club of Riyadh.

Private Jet

True to his billionaire status, Dr. Al-Rashid owns at least two private jets. One is a Gulfstream G550 with registration VP-BNR and the other is a Gulfstream G650 with registration number VP-CNR. More about his life and ventures can be found on his website.

Ibrahim al Rashid

The influence of Dr. Nasser al Rashid seems to have percolated to the next generation as well. His son Ibrahim al Rashid owns a sprawling house in Miami, flaunting the family’s opulence.

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He was owner of the yacht Lady Moura, which he listed for sale asking $125 million. We are not sure if he is building a new yacht. He sold Lady Moura to Mexican billionaire Ricardo Salinas Pliego.

The Lady Moura yacht, measuring 105 meters in length, is among the world’s largest and most voluminous superyachts.

Crafted by Blohm and Voss, the yacht features powerful Deutz diesel engines and gold-plated insignia.

Lady Moura accommodates 27 guests and a crew of 71, and features luxurious tenders, including a Sikorsky S76C+ helicopter.

With a value of $125 million and annual running costs of $12 million, Lady Moura represents the pinnacle of luxury and opulence.