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Fahd bin Abdulaziz Al Saud

Fahd bin Abdulaziz Al Saud

S
Business
Birthday
January 1, 1923
Died
August 1, 2005
Age
82
Net Worth
$25B

About

Fahd bin Abdulaziz Al Saud was the King and Prime Minister of Saudi Arabia from 1982 until his death in 2005. He previously served as the Crown Prince of Saudi Arabia from 1975 to 1982. Fahd was the eighth son of King Abdulaziz, the founder of Saudi Arabia. His reign was marked by significant economic development and modernization in the kingdom.

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Career Timeline

1953B$100M

Appointed First Minister of Education

Fahd became Saudi Arabia's first Minister of Education, beginning his political ascent. This position gave him influence over modernization efforts and established his administrative credentials within the royal family.

1962A$500M+$400M

Minister of Interior Appointment

Appointed Minister of Interior, controlling domestic security and law enforcement. This critical role significantly increased his power base and wealth accumulation through state contracts and oil revenue access.

1975A$3B+$2.5B

Becomes Crown Prince

Named Crown Prince and effective ruler under King Khalid, making him the de facto leader of Saudi Arabia. His control over oil policy during the boom years dramatically expanded his personal fortune.

1982S$8B+$5B

Ascends to Saudi Throne

Became King of Saudi Arabia following King Khalid's death, gaining absolute control over the world's largest oil reserves. His wealth skyrocketed as he controlled vast state resources and oil revenues.

1990S$15B+$7B

Gulf War Alliance with US

Led Saudi Arabia through the Gulf War, hosting US troops and cementing the kingdom's strategic alliance with the West. Oil price surges and increased Western military contracts boosted his fortune significantly.

1995S$20B+$5B

Stroke and Health Decline

Suffered a debilitating stroke, with Crown Prince Abdullah taking over day-to-day governance. Despite health issues, his accumulated wealth from decades of oil revenues continued to grow through investments.

2003S$23B+$3B

Oil Price Boom Era

Benefited from surging global oil prices that enriched the Saudi royal family enormously. Even in declining health, his personal wealth expanded through the kingdom's petroleum windfall.

2026S$25B+$2B

Enduring Legacy as Modernizer King

Two decades after his 2005 death, King Fahd is remembered as a transformative monarch who modernized Saudi Arabia and built its infrastructure. His estimated $25 billion fortune remains one of the largest ever amassed by a head of state.

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Last updated: February 23, 2026