Exploring the Wealth of Saudi Aramco CEOs: From Juma’ah to Nasser

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Saudi Aramco, officially known as the Saudi Arabian Oil Company, is one of the world’s largest oil producers, with a net income of $49 billion in 2020. Over the years, the company has been led by a series of CEOs, each with their own unique background and level of wealth.

  1. Abdullah Juma’ah (1995-2008)

Abdullah Juma’ah was the first Saudi national to become CEO of Saudi Aramco, serving in the role from 1995 to 2008. During his tenure, the company saw significant growth, with its production capacity expanding from 10 million barrels per day to 12 million barrels per day. Juma’ah’s net worth is not publicly disclosed.

World Economic Forum from Cologny, Switzerland, CC BY-SA 2.0 https://creativecommons.org/licenses/by-sa/2.0, via Wikimedia Commons
  1. Khalid Al-Falih (2009-2015, 2016-2019)

Khalid Al-Falih served as CEO of Saudi Aramco for two separate stints, from 2009 to 2015 and from 2016 to 2019. During his time as CEO, the company’s revenue and profits continued to rise, with the company going public in 2019 in what was the largest IPO in history. Al-Falih’s net worth is estimated to be around $20 million.

source: https://www.aramco.com/en/who-we-are/our-corporate-governance/corporate-management/amin-h-nasser
  1. Amin Nasser (2015-present)

Amin Nasser has been CEO of Saudi Aramco since 2015, taking over from Khalid Al-Falih. Nasser has been with the company for over 30 years, starting as an engineer and rising through the ranks to become CEO. Under his leadership, the company has continued to expand, with investments in renewable energy and partnerships with other major companies. Nasser’s net worth is not publicly disclosed.

It’s worth noting that the wealth of Saudi Aramco CEOs is difficult to determine due to the complex nature of the Saudi Arabian economy, which is heavily influenced by the royal family and the state. However, it’s clear that each CEO has overseen a period of significant growth and success for the company, contributing to Saudi Aramco’s status as a major player in the global oil industry.

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