In a world where wealth often defines status, Saudi businessman Sulaiman bin Abdul Aziz Al Rajhi stands out as a rare exception. Once one of the richest men in the Middle East, Al Rajhi made headlines not for accumulating wealth but for giving most of it away.

According to The Islamic Information, the co-founder of Al Rajhi Bank—one of the world’s largest Islamic banks—donated an astonishing $19 billion to charitable causes, effectively stepping down from the ranks of billionaires. His fortune, once vast enough to place him among the global elite, now rests at an estimated $590 million after his unparalleled act of generosity.

Splitting His Fortune
Al Rajhi divided his wealth in two ways: half went to his children as inheritance, ensuring financial security for his family, and half was devoted to philanthropy, fueling initiatives in education, healthcare, religious development, and social programs. Through the Sulaiman Bin Abdul Aziz Al Rajhi Charitable Foundation, his donations have funded universities, hospitals, and institutions that continue to serve millions of people across Saudi Arabia and beyond.

A Life of Humble Beginnings
Born in 1920 into a poor family in Saudi Arabia’s Qassim region, Al Rajhi’s rise to prominence was not an inheritance of privilege but a story of hard work and vision. Starting as a currency exchanger, he co-founded Al Rajhi Bank in 1957, which grew into a cornerstone of Islamic finance. Despite his extraordinary success, Al Rajhi always emphasized humility, faith, and responsibility to the community.

Redefining Success
By surrendering the vast majority of his fortune, Al Rajhi redefined what it means to be successful. For him, wealth was not a tool for luxury but a resource to be shared. His decision echoes his oft-repeated belief that “true wealth lies in giving, not in keeping.”

A Lasting Legacy
While he no longer holds the billionaire title, Al Rajhi’s legacy has arguably grown even greater. His philanthropic investments continue to shape Saudi society, from medical research and schools to projects aimed at reducing poverty. In a global climate where discussions about wealth inequality dominate headlines, Al Rajhi’s story serves as a powerful reminder that the measure of a life well lived is not how much we keep, but how much we give.