Turki Alalshikh has rapidly emerged as a significant figure in the sports and entertainment world, particularly in boxing, where his influence is reshaping the landscape. As the Chairman of the General Entertainment Authority (GEA) in Saudi Arabia, Alalshikh has been instrumental in organizing high-profile boxing matches under the Riyadh Season banner, attracting global attention. As of January 2025, Turki Alalshikh’s net worth is estimated to be around $2.8 billion, a figure that reflects his extensive business ventures, investments, and role in the Saudi government.
Early Life and Background
Born on August 4, 1981, in Riyadh, Saudi Arabia, Turki Alalshikh’s early life was rooted in Saudi’s elite circles. While not a prince himself, he serves as an advisor to the Saudi royal family, earning him the honorific title ‘His Excellency.’ Alalshikh pursued his education in Saudi Arabia before ascending to key government roles, including his current position as a minister at the Royal Court.
Career and Sources of Wealth
Government and Entertainment Authority
As the Chairman of the GEA, Alalshikh has overseen transformative changes in Saudi Arabia’s entertainment sector, lifting a 35-year ban on cinemas and hosting international events featuring major artists and sports personalities. His salary as a senior government official, combined with lucrative investments, forms a significant part of his net worth.
Boxing and Sports Investments
In recent years, Alalshikh has made substantial investments in boxing, securing high-profile fights such as Tyson Fury vs. Oleksandr Usyk and Canelo Alvarez’s four-fight deal under Riyadh Season. Additionally, in November 2024, he acquired Ring Magazine from Oscar De La Hoya for $10 million, further cementing his influence in the sport.
Football Ventures
Alalshikh expanded his portfolio by purchasing the Spanish football club Almeria in 2019 and previously owning Egyptian club Pyramids FC. His role as Chairman of the Islamic Solidarity Sports Federation (ISSF) also highlights his extensive involvement in global sports.
Personal Life
Alalshikh is reportedly married to Nouf bint Fahd bin Khalid Al Saud, with whom he has six children. His personal life remains largely private, focusing public attention on his professional achievements.
Net Worth and Investments
With an estimated net worth of $2.8 billion, Alalshikh’s wealth is a result of strategic investments in sports, entertainment, and real estate. His financial portfolio is diverse, including stakes in sports clubs, media acquisitions, and his government role.
Conclusion
Turki Alalshikh’s net worth in 2025 reflects his strategic vision and influence in the sports and entertainment industries. His investments and leadership continue to position Saudi Arabia as a global hub for major sporting events.