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Thursday, May 11, 2017

Sulaiman Al Rajhi, A Saudi who donated $16 billion in Charity – SR 60,000 million

There are lots of self-struggle stories we cross by daily which boosts us with motivation, aim, and determination to set a goal or to achieve something. Here is one of the stories, inspired by a self-made person who became a billionaire because of his untiring efforts and struggle. This is the story of a Saudi Billionaire, Sulaiman-Al Rajhi, who never gave up and always crossed every hurdle that came in his way with great courage and dedication. His dedication and motivation to achieve his aim are the main reason behind him being a successful Saudi billionaire businessman. His life went through various struggling and hardship phases. Sulaiman-Al -Rajhi started his struggle from the bottom most step and by crossing every step with his hard work, he became rich and successful businessmen.



Now many of the young entrepreneurs are learning from him and taking his example. He started his career and introduced himself as a young entrepreneur in the market at a time when formulating new businesses in the Arabian Gulf region was considered as a very difficult task. He is now the founder of Al Rajhi Bank and counted among the world’s richest men. According to Forbes, an American business magazine, Sulaiman Al Rajhi’s worth was $7 billion in 2011 after making a donation of $16 billion. Sheikh Sulaiman bin Abdul Aziz Al Rajhi possesses a generous heart and is famous for his humble nature. He has given strong donations for charity work by transferring his bank shares, his poultry farm, and other assets to deserving ones. This donation helps needy people. It also helps to spread education in the Kingdom of Saudi Arabia.



Sulaiman Al Rajhi started working as a porter when he was just nine. After that, he used to carry shopping luggage for shoppers in Al-Khadra market situated in Riyadh. At an age of 12, he started collecting palm dates as his job which paid him just six Saudi Riyals per month. He used to sleep on hard surfaces at the same workplace and wore the same dresses daily during his hard work. He also worked as a cook in one of the hotels located in Riyadh. He also worked as a wholesale seller of imported kerosene. He served as a waiter at one of the Saudi contracting companies which paid him just 60 Saudi Riyals per month. He then started his own grocery shop.


In order to afford all his marriage expenses, Al Rajhi sold his shop. He worked later for his brother, Saleh Al- Rajhi. In 1970, the real breakthrough came in his life, when he just separated his business from his brother’s and opened his own currency exchange company. Later he expanded his currency exchange business which spread to more than 30 branches across the Saudi Arabia. He spread his business in various countries across the Arab world which included Egypt and Lebanon.


He disclosed his secret to getting success in life by telling that he always used to save each and every hard earned penny for the next day and this was his secret which enabled him to pick a starting point and build his wonderful future.

Source: The Forbes

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