Saudi Man loses Billionaire status after donating $16 Billion to Charity.
In the Muslim world, the Arabs are considered as the richest. They spent a lot of amount in buying of cars, gold, ships, investing in business, purchasing big market shares. The lavish life style had put the attention of the media towards them.
Yet Sulaiman bin Abdul Aziz Al Rajhi revealed in an interview that he’s no stranger to poverty, having been penniless on two separate occasions in his life.
Sulaiman Al Rajhi began working as a porter at Riyadh’s Al Khadra market at the age of nine, carrying clients’ shopping bags. He began picking palm dates at the age of 12 for a monthly pay of no more than six Saudi Riyals. He used to sleep on gravel at the same worksite, wearing his work clothes.
He revels in his good fortune and recognizes that it will help others as well. ‘When my children were little, I never gave them money for nothing. ‘When one of them approached me for money, I gave them a job in exchange,’ he stated.
Sulaiman bin Abdul Aziz Al Rajhi and his three brothers created Al Rajhi Bank in 1957. It expanded to become one of the world’s largest Islamic banks, earning Al Rajhi a fortune in the tens of millions of dollars.
Sulaiman Al Rajhi started working when he was a nine as a porter, carrying shopping luggage for shoppers at Riyadh;s Al Khadra market. At 12, he started collecting palm dates for a job that paid him no more than six Saudi Riyals per month. He used to sleep on gravel at the same workplace wearing the same outfit he wears during his hard work.
He appreciates his wealth and knows others will benefit too. ‘In the past, I never gave money to my children when they were young in return for nothing. When one of them approached me to give them cash, I asked them to do some work in exchange for it,’ he said.
In 1957, Sulaiman bin Abdul Aziz Al Rajhi cofounded Al Rajhi Bank with his three brothers. It grew into one of the world’s largest Islamic banks and earned Al Rajhi a 10-digit net worth.
Yet Sulaiman bin Abdul Aziz Al Rajhi revealed in an interview that he’s no stranger to poverty, having been penniless on two separate occasions in his life.
Sulaiman Al Rajhi started working when he was nine as a porter, carrying shopping luggage for shoppers at Riyadh’s Al Khadra market. At 12, he started collecting palm dates for a job that paid him no more than six Saudi Riyals per month. He used to sleep on gravel at the same workplace wearing the same outfit he wears during his hard work.
He appreciates his wealth and knows others will benefit too. ‘In the past, I never gave money to my children when they were young in return for nothing.
