Turki Alalshikh, a 43-year-old Saudi businessman and government official, is one of the most powerful figures in Saudi Arabia’s entertainment and sports industries. As the Chairman of the General Entertainment Authority (GEA) and the Islamic Solidarity Sports Federation (ISSF), he has played a key role in transforming the Kingdom’s cultural landscape. With a staggering net worth of $2.8 billion in 2025, he ranks among Saudi Arabia’s wealthiest personalities. Despite his high-profile career, Alalshikh keeps his personal life private. Reports suggest he is married, but information about his partner and children remains undisclosed.
Early Years
Birthplace & Education
Born on August 4, 1981, in Riyadh, Saudi Arabia, Turki Alalshikh grew up in a well-established family with exposure to governance and strategic planning. He studied at King Fahd Security College before attending King Saud University, where he focused on security and administrative studies. His education prepared him for high-ranking roles in government, shaping his leadership style and policy-making expertise.
Career Growth
Government Leadership
Alalshikh’s political career began when he was appointed as an adviser to the Saudi Royal Court, holding the rank of minister. This position allowed him to influence national policies, particularly in entertainment and sports. In December 2018, he became the Chairman of the General Entertainment Authority (GEA), a role that positioned him as the driving force behind Saudi Arabia’s entertainment boom.
Entertainment Reforms
Under his leadership, the GEA launched major initiatives, including:
- Hosting international concerts featuring top global artists.
- Organizing global sports events and festivals.
- Developing tourism initiatives aligned with Vision 2030.
His efforts have boosted Saudi Arabia’s global image, transforming it into a thriving entertainment hub.
Wealth Sources
Strategic Investments
Alalshikh’s $2.8 billion fortune is attributed to multiple income streams, including government leadership, sports investments, and business ventures. His financial success is driven by:
- Government roles – Chairing the GEA and overseeing entertainment policies.
- Football investments – Owning and managing football clubs.
- Media acquisitions – Expanding Saudi Arabia’s influence in sports journalism.
Football Empire
Alalshikh is a passionate football investor with significant stakes in international clubs. His notable investments include:
- UD Almería (Spain) – Purchased and revamped to elevate the club’s global standing.
- Pyramids FC (Egypt) – Previously invested in the club, boosting its market value.
- Combat sports & boxing – Played a pivotal role in bringing high-profile matches to Saudi Arabia.
Major Acquisition
The Ring Magazine Purchase
In November 2024, Alalshikh made headlines by purchasing The Ring magazine for $10 million from Oscar De La Hoya. As the “Bible of Boxing,” the magazine has been a cornerstone of sports journalism for over a century. His plans for revamping The Ring include:
- Reviving print distribution in the US and UK.
- Launching a digital mobile app for global readers.
- Introducing an annual boxing awards ceremony.
This acquisition strengthens Saudi Arabia’s position in global sports media and entertainment.
Luxury Lifestyle
Expensive Cars
Known for his lavish lifestyle, Alalshikh owns 77 luxury cars, including:
- Bugatti Chiron ($4.8 million) – A symbol of speed and exclusivity.
- Rolls-Royce Limited Editions – Customized with high-end features.
- Lamborghini Aventador SVJ & Ferrari LaFerrari – High-performance supercars.
- Multiple Mercedes-AMG and Bentley models – Luxury and comfort combined.
Luxury Estates
Although his real estate portfolio remains undisclosed, Alalshikh is believed to own:
- Exclusive residences in Riyadh.
- Private vacation homes in Europe and the Middle East.
- High-end penthouses in major global cities.
His properties likely feature state-of-the-art security, ultra-modern interiors, and world-class amenities.
Saudi Arabia’s Global Image
Riyadh Season Impact
One of Alalshikh’s signature projects is Riyadh Season, an annual entertainment festival that attracts millions of visitors. It includes:
- International concerts featuring world-renowned artists.
- Cultural exhibitions and art showcases.
- Global sporting events, including boxing championships.
This initiative has elevated Saudi Arabia’s reputation as a prime entertainment and tourism destination.
Sports Diplomacy
Alalshikh has been instrumental in strengthening Saudi Arabia’s global presence in sports by:
- Hosting FIFA Club World Cup events.
- Bringing international football and boxing legends to Saudi Arabia.
- Sponsoring major global sports leagues.
These initiatives align with Vision 2030, Saudi Arabia’s ambitious plan to diversify its economy and reduce reliance on oil.
Future Influence
Turki Alalshikh is more than a billionaire; he is a visionary leader shaping Saudi Arabia’s future. His influence spans entertainment, sports, and global diplomacy, making him a pivotal figure in the Kingdom’s modernization efforts. With strategic investments, innovative reforms, and a luxury lifestyle, Alalshikh’s legacy will continue to impact Saudi Arabia’s international standing for years to come.