Turki Alalshikh is one of Saudi Arabia’s most influential figures, known for his roles as Chairman of the General Entertainment Authority (GEA) and the Islamic Solidarity Sports Federation (ISSF). His leadership has been instrumental in modernizing Saudi Arabia’s entertainment and sports industries, aligning with the country’s Vision 2030 initiative. With an estimated net worth of $2.8 billion (£2.14 billion) in 2025, Alalshikh stands among the wealthiest personalities in the Kingdom.
In this article, we explore his early life, career, financial success, investments, luxury lifestyle, and contributions to Saudi Arabia’s global image.
Early Life and Education: The Foundation of a Visionary Leader
Where Was Turki Alalshikh Born?
Turki Alalshikh was born on August 4, 1981, in Riyadh, Saudi Arabia. As of 2025, he is 43 years old. Coming from a well-established Saudi family, he was exposed to leadership, governance, and strategic planning from an early age.
Educational Background
Alalshikh pursued his education at King Fahd Security College and later attended King Saud University. His academic background in security and administrative studies played a crucial role in shaping his leadership abilities and preparing him for high-ranking government positions.
Turki Alalshikh’s Rise to Power and Influence
Government Leadership
Turki Alalshikh’s political career took off when he became an adviser to the Saudi Royal Court with the rank of minister. This prestigious role gave him direct influence over national policies and cultural initiatives. In December 2018, he was appointed Chairman of the General Entertainment Authority (GEA), a position that has allowed him to transform Saudi Arabia’s entertainment landscape.
Under his leadership, the GEA has spearheaded:
- Major concerts featuring international artists
- Global sporting events and festivals
- Tourism initiatives aimed at attracting foreign visitors
His strategic efforts are key components of Saudi Arabia’s Vision 2030, an initiative designed to diversify the economy and reduce oil dependency.
How Turki Alalshikh Built His $2.8 Billion Fortune
Turki Alalshikh’s net worth of $2.8 billion comes from a diverse portfolio of investments, government positions, and business ventures. Below is a breakdown of his wealth sources:
1. Government Leadership and Entertainment Authority
As Chairman of the GEA, Alalshikh has helped Saudi Arabia become a global hub for cultural and sporting events. His initiatives have attracted millions of tourists, boosting economic growth and investment opportunities.
2. Investments in Football and Sports
Alalshikh has heavily invested in football clubs and international sports, making him a key figure in global sports diplomacy. His notable investments include:
- UD Almería (Spain) – Purchased and revamped the football club, elevating its status.
- Pyramids FC (Egypt) – Former investor in the Egyptian football club.
- Major boxing and combat sports promotions – Played a key role in bringing world-class boxing matches to Saudi Arabia.
3. Acquisition of The Ring Magazine
In November 2024, Alalshikh made headlines by acquiring The Ring magazine for $10 million from Oscar De La Hoya. The magazine, regarded as the “Bible of Boxing,” has been a cornerstone of boxing journalism for over a century. His plans for revitalizing the magazine include:
- Resuming print distribution in the US and UK.
- Launching a new mobile app.
- Creating an annual boxing awards ceremony.
This acquisition further solidifies Saudi Arabia’s role in global sports media and entertainment.
A Life of Luxury: Turki Alalshikh’s Car Collection and Real Estate
What Luxury Cars Does Turki Alalshikh Own?
Turki Alalshikh is known for his extravagant taste in automobiles. His personal collection consists of 77 luxury cars, including:
- Bugatti Chiron ($4.8 million) – One of the fastest and most exclusive supercars.
- Limited edition Rolls-Royce models.
- Lamborghini Aventador SVJ.
- Ferrari LaFerrari.
- Multiple Mercedes-AMG and Bentley models.
His collection reflects his appreciation for high-performance vehicles and exclusive craftsmanship.
Where Does Turki Alalshikh Live?
While his exact real estate holdings remain undisclosed, he is believed to own multiple luxury properties in Saudi Arabia and abroad. As a high-ranking government official and businessman, his residences likely include:
- High-end estates in Riyadh.
- Private vacation homes in Europe and the Middle East.
- Exclusive penthouses in major global cities.
His properties are expected to be equipped with state-of-the-art security, modern luxury amenities, and expansive living spaces.
Transforming Saudi Arabia’s Global Image
Riyadh Season and Entertainment Growth
One of Alalshikh’s most notable projects is Riyadh Season, an annual entertainment festival featuring:
- International concerts and performances.
- Cultural exhibitions and art showcases.
- High-profile sporting events, including world championship boxing matches.
Riyadh Season has successfully elevated Saudi Arabia’s reputation, attracting international visitors and media attention.
Sports Diplomacy and Global Partnerships
Turki Alalshikh has also been a key figure in Saudi Arabia’s growing presence in international sports. His involvement includes:
- Hosting FIFA Club World Cup events.
- Bringing international football and boxing superstars to Saudi Arabia.
- Sponsoring major global sports leagues.
These efforts align with Vision 2030, reinforcing Saudi Arabia’s ambition to become a leading global sports and entertainment destination.
Conclusion: A Billionaire Shaping Saudi Arabia’s Future
Turki Alalshikh is more than just a billionaire—he is a visionary leader redefining Saudi Arabia’s global image. Through strategic investments, entertainment reforms, and sports diplomacy, he has played a crucial role in positioning the Kingdom as a major force in international culture and sports.
With his $2.8 billion net worth, Alalshikh’s influence continues to expand, ensuring that Saudi Arabia remains at the forefront of global innovation. As he pursues new ventures and partnerships, his impact on the entertainment, sports, and media industries will undoubtedly shape the future for years to come.
Frequently Asked Questions About Turki Alalshikh’s Wealth
1. How Did Turki Alalshikh Become a Billionaire?
Turki Alalshikh built his wealth through government leadership, sports investments, and entertainment ventures. His role in the General Entertainment Authority has allowed him to transform Saudi Arabia’s entertainment sector, generating billions in revenue.
2. What Football Clubs Does Turki Alalshikh Own?
Alalshikh currently owns UD Almería (Spain) and was previously involved with Pyramids FC (Egypt). His football investments have helped Saudi Arabia establish a stronger presence in international sports.
3. What Is the Significance of The Ring Magazine Acquisition?
By acquiring The Ring magazine, Alalshikh aims to revive the print edition, expand digital offerings, and introduce new awards, further positioning Saudi Arabia as a key player in global boxing media.
4. How Many Cars Does Turki Alalshikh Own?
Alalshikh owns an impressive collection of 77 luxury cars, including a $4.8 million Bugatti Chiron and other high-end supercars.
5. How Does Turki Alalshikh Support Saudi Arabia’s Vision 2030?
Alalshikh’s work in entertainment, sports, and tourism directly contributes to Vision 2030, an initiative designed to diversify Saudi Arabia’s economy and attract international investment.
