Nasser Ibrahim Al-Rashid is a Saudi-based businessman and billionaire. He is the chairman of MAK Group and a pillar of the success of the Kuwaiti economy. He was the owner of the superyacht LADY MOURA.
|NAME||Nasser al Rashid|
|NET WORTH||Unknown billionaire status|
|SOURCE OF WEALTH||Rasheed Engineering|
|YACHT||Lady Moura (ex owner)|
Nasser al Rashid NET WORTH
Al-Rashid does not appear on the Forbes list of the world’s richest people, although it is confirmed that he is a billionaire.
The true extent of his wealth cannot be confirmed because his personal wealth cannot be accurately assessed due to a lack of public information.
Al-Rashid has plans to build a $150 million neoclassical mansion in Hampstead Heath, much to the dismay of the residents.
He was the owner of the LADY MOURA. The yacht almost ran aground near the Cannes coastline during the Cannes film festival in 2007.
The yacht suffered hull damage and took on water. It was moored in Monaco and was later repaired, becoming a main feature of the Alicante seaport.
LADY MOURA is one of the largest yachts in the world and costs $200 million when he purchased the vessel in the late 1980s. He sold the yacht to Mexican businessman Ricardo Salinas Pliego in 2021 for $125 million.
Al-Rashid has many interests in business, including banking, manufacturing, construction, and food. The billionaire also has real estate developments in Albania, Bulgaria, and Africa.
Rashid Engineering is a consulting firm based in Riyadh, Saudi Arabia. The company oversees major government construction projects for the Kingdom of Saudi Arabia.
The company’s success was why Al-Rashid was elected Engineering Consultant to the Royal Court.
The company has since developed several prestigious projects, like royal palaces, government buildings, highways, tunnels and bridges, and hotels throughout the country.
Al-Rashid is a large donor to universities. He is a large donor to the University of Miami and a medical school. He remained a major donor to the University of Texas after completing his B.S. degree and his Ph.D. at the school.
Al-Rashid is the father of nine children, six sons, and three daughters. He is divorced from his previous wife, Mouna Ayoub.
Ayoub is a Lebanese woman who is considered to be a French socialite. She wrote a memoir of the marriage, La vérité, which translates to The Truth.
Ayoub called her marriage “a gilded cage where I felt myself to be unjustly treated and powerless.”
Al-Rashid and his eldest son with Ayoub went to the French courts to sue the memoir publishers with the allegation of a breach of privacy.
Little was known about Al-Rashid in public before the delivery of his expansive yacht. He maintained a low profile among the Saudi elite.
Al-Rashid is active in philanthropy and has donated hundreds of millions of dollars in donations.
He has donated to the King Fahad National Centre for Children’s Cancer and Research and the Bascom Palmer Eye Institute; he is also a board member of the Equestrian Club of Riyadh.