Turki Alalshikh is a name that has become synonymous with power, entertainment, and sports in Saudi Arabia. As the Chairman of the General Entertainment Authority (GEA) and an influential advisor to the Saudi Royal Court, he has played a crucial role in reshaping the Kingdom’s cultural and sporting landscape. With his recent acquisition of The Ring magazine, the world is keen to understand the financial empire of this influential figure.
So, what is Turki Alalshikh’s net worth, and what are the key factors contributing to his immense wealth? This article explores his sources of income, major investments, and the impact of his leadership on Saudi Arabia’s sports and entertainment industries.
Turki Alalshikh Profile Summary
| Attribute | Details |
|---|---|
| Full Name | Turki bin Abdul Mohsen Al-Sheikh |
| Date of Birth | August 4, 1981 |
| Age | 43 (as of January 2025) |
| Place of Birth | Riyadh, Saudi Arabia |
| Nationality | Saudi Arabian |
| Religion | Islam |
| Marital Status | Married |
| Children | Three |
| Education | King Fahd Security College, King Saud University |
| Profession | Government Adviser, Chairman of the General Entertainment Authority, Writer, Poet, Producer |
| Net Worth | $2.8 billion |
| @turkialalshik | |
| Turki Al Alshikh | |
| X (Twitter) | @Turki_alalshikh |
Turki Alalshikh Net Worth
According to Sports Casting and MSN, Turki Alalshikh’s net worth is estimated to be $2.8 billion. His fortune has been amassed through multiple streams, including his government roles, strategic investments in sports and entertainment, and the recent acquisition of The Ring magazine.
His wealth is a testament to his sharp business acumen and his role in positioning Saudi Arabia as a global hub for entertainment and sports events.
Sources of Wealth
Turki Alalshikh’s wealth is derived from a combination of government positions, investments in sports, entertainment ventures, and real estate holdings. Here’s a breakdown:
1. Government Role
As an adviser to the Saudi Royal Court and the Chairman of the GEA, Turki Alalshikh plays a pivotal role in Saudi Arabia’s Vision 2030 plan. His leadership has led to:
- Hosting high-profile global entertainment events, including Riyadh Season.
- Facilitating international sports partnerships to enhance the Kingdom’s image as a sports hub.
- Organizing concerts and festivals that attract international artists and entertainers.
His government position has provided him with influence and access to lucrative opportunities, making it a major contributor to his financial success.
2. Investments in Sports and Entertainment
Turki Alalshikh has been instrumental in boosting Saudi Arabia’s presence in global sports. His investments include:
- Ownership of UD Almería (Spain): Acquired in 2019, this investment allows him to shape the club’s future and enhance its global reputation.
- Former Ownership of Pyramids FC (Egypt): He briefly owned the Egyptian club, making strategic changes before selling it.
- Major Boxing Events in Riyadh: His role in promoting boxing has brought some of the biggest fights to Saudi Arabia, generating significant revenue through sponsorships, ticket sales, and broadcasting rights.
3. Acquisition of The Ring Magazine
In November 2024, Turki Alalshikh acquired The Ring magazine for $10 million from boxing legend Oscar De La Hoya. This purchase aligns with his broader goal of enhancing Saudi Arabia’s cultural footprint in sports.
Key initiatives after the acquisition include:
- Bringing back print editions of The Ring in the U.S. and U.K.
- Maintaining editorial independence to uphold the magazine’s credibility.
- Launching a mobile app for boxing enthusiasts worldwide.
- Introducing an annual awards ceremony to celebrate the best in boxing.
His ownership of The Ring further cements his influence in the boxing industry, aligning with his broader efforts to make Saudi Arabia a major force in global sports.
4. Real Estate Holdings and Luxury Lifestyle
Though details about his real estate assets remain private, Turki Alalshikh is known to have invested in prime properties in Saudi Arabia and abroad. His real estate portfolio likely includes luxury homes and commercial assets, further adding to his wealth.
Additionally, he owns 77 luxury cars, including a $4.8 million Bugatti Chiron, showcasing his extravagant lifestyle.
FAQs About Turki Alalshikh
1. What does Turki Alalshikh own?
- He owns Spanish football club UD Almería and previously owned Pyramids FC in Egypt.
- He owns The Ring magazine, a leading boxing publication.
2. Why is Turki Alalshikh called ‘His Excellency’?
- This title is granted due to his rank as a minister-level adviser in the Saudi Royal Court.
3. What role does Turki Alalshikh play in Saudi boxing?
- As GEA Chairman, he has played a crucial role in bringing major boxing events to Saudi Arabia.
4. Where did he study?
- He graduated from King Fahd Security College with a degree in security sciences.
5. What awards has he won?
- In 2024, he was named Most Influential Personality of the Last Decade.
- In 2017, he received the Arab Sport Culture Award.
6. How much did Turki Alalshikh buy The Ring magazine for?
- He acquired The Ring for $10 million from Oscar De La Hoya in November 2024.
Conclusion
Turki Alalshikh’s net worth stands at $2.8 billion, reflecting his significant influence in Saudi Arabia’s entertainment and sports sectors. His strategic investments, including the acquisition of The Ring magazine, reinforce his role in positioning the Kingdom as a major player in global entertainment.
From his government role to his sports investments, Alalshikh’s empire continues to grow, and his impact on the Kingdom’s cultural transformation is undeniable. His leadership under Saudi Arabia’s Vision 2030 initiative ensures that his legacy will continue to shape the nation’s future for years to come.
Disclaimer
The information provided in this article is based on publicly available sources and estimates from financial and sports media. While every effort has been made to ensure accuracy, actual figures and investments may vary. Readers are encouraged to verify details through official statements or direct sources.
