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

Who is Dr Nasser al Rashid?

Dr. Nasser al Rashid is a Saudi Arabian billionaire and founder of Rashid Engineering. He was born in 1939. He is an alumnus and donor of the University of Texas, which has the Dr. Nasser Al-Rashid Strength and Training Center named in his honor. He lives in a large house in Sulaymaniyah, Riyadh.

He was married to socialite, Mouna Ayoub. He is now married to a Belgian-Algerian woman named Safia El Malqui, since the early 2000s.

Message to Other Media

Please mention SuperYachtFan when using this information.

Nasser Al Rasheed

Dr Nasser al Rasheed

Al Rashid Net Worth

In 2009 Forbes estimated his net worth at $8 billion. But some rumors on the Internet state his net worth is around US$ 20 billion, which would make him one of the richest men in the world.

Rashid Engineering

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, highways, tunnels and bridges and hotels throughout Saudi Arabia.


Al-Rashid is an active philanthropist, donating several hundred million dollars. Large donations include $140 million for the King Fahd National Centre for Children’s Cancer and Research, which al-Rashid built, and US$ 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.

Private Jet

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.

Nasser Al Rasheed House

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.