Who is Walid Ahmed Juffali?
Walid Ahmed Juffali was a Saudi businessman, philanthropist, and member of the Saudi royal family. He was born on January 1, 1955, in Jeddah, Saudi Arabia. Juffali was the chairman of EA Juffali and Brothers, one of the largest conglomerates in Saudi Arabia, which holds interests in various industries such as automotive, real estate, and healthcare. He was also known for his philanthropic work, particularly in the field of healthcare.
How Did Walid Ahmed Juffali Build His Fortune?
Walid Ahmed Juffali inherited his wealth from his father, Ahmed Juffali, who founded EA Juffali and Brothers in 1946. Under Walid’s leadership, the company expanded its operations and became one of the largest and most profitable conglomerates in Saudi Arabia. Juffali also invested in various other businesses and industries, including telecommunications, media, and finance.
What Was Walid Ahmed Juffali’s Net Worth?
According to Forbes, Walid Ahmed Juffali’s net worth was estimated to be around $19.8 billion at the time of his death in 2016. He was one of the richest men in Saudi Arabia and the world.
Walid Ahmed Juffali’s Philanthropic Work
Aside from his business ventures, Walid Ahmed Juffali was also known for his philanthropic work. He founded the Juffali Family Foundation, which supports various charitable causes related to education, healthcare, and social welfare. The foundation has donated millions of dollars to organizations such as the King Faisal Specialist Hospital and Research Center, the Prince Salman Center for Disability Research, and the Saudi Cancer Foundation.
Walid Ahmed Juffali’s Personal Life
Walid Ahmed Juffali was married four times and had nine children. He was also an accomplished equestrian and owned several racehorses. Juffali was diagnosed with cancer in 2014 and passed away on July 20, 2016, in Zurich, Switzerland, at the age of 61.
Walid Ahmed Juffali’s Legacy
Walid Ahmed Juffali’s legacy lives on through his business empire and philanthropic work. His family continues to run EA Juffali and Brothers, and the Juffali Family Foundation continues to support charitable causes in Saudi Arabia and around the world. Juffali’s impact on the business and philanthropic communities in Saudi Arabia and beyond cannot be overstated.
In conclusion, Walid Ahmed Juffali was a remarkable businessman, philanthropist, and member of the Saudi royal family. His net worth was estimated to be around $19.8 billion at the time of his death, making him one of the richest men in the world. Despite his immense wealth, Juffali was known for his generosity and dedication to charitable causes, particularly in the field of healthcare. His legacy lives on through his family, his business empire, and his philanthropic work, and he will always be remembered as one of the most influential figures in Saudi Arabia’s history.