Yasir Al-Rumayyan Net Worth

Sebastian Telfair Net Worth:- $4 Million

Yasir Al-Rumayyan Net Worth:- Yasir Al-Rumayyan was born in Saudi Arabia on February 20, 1970. He is 51 years old Saudi business personality and has an estimated net worth of $100 Billion. He is Governor of the Public Investment Fund, the sovereign wealth fund of the Kingdom of Saudi Arabia, the chairman of Newcastle United F.C. and the Chairman of Saudi Aramco. Yasir Al-Rumayyan’s.

Yasir Al-Rumayyan was born in 1970 and received a bachelor’s degree in 1993 from King Faisal University. He eventually earned a master’s degree in general management from Harvard Business School. He has had a long career in finance, rising to the position of head of foreign brokerage at the Saudi Capital Markets Authority and member of the Saudi Stock Exchange’s board of directors.

In 2015, he was appointed managing director of the Saudi Arabian Public Investment Fund (PIF), which finalised the takeover of Newcastle alongside Amanda Staveley of PCP Capital Partners and the Reuben brothers. A year later, he was appointed to the board of directors of Saudi Arabia’s state oil business, Aramco, the world’s largest oil company.

Since June 21, 2017, Yasir Al-Rumayyan has served as a director of SoftBank Group Corp. He is also the Governor and a Board Member of the Saudi Arabian Public Investment Fund (PIF), as well as a Board Member of Uber Technologies Inc., Saudi Aramco, and the Saudi Industrial Development Fund, as well as Chairman of the Saudi Decision Support Center and Sanabil Investments, as well as a Director in a subsidiary, Arm Limited, and Chairman of the Board in Saudi Aramco.

Al-Rumayyan was appointed to the board of directors of Saudi Aramco in August 2016 as part of a drive toward greater cooperation between Aramco and PIF in revamping the Saudi economy. In October of that year, PIF under Al-Rumayyan invested $45 billion in the newly founded SoftBank Vision Fund, a technology-focused investment vehicle. PIF made another offshore investment in May 2017 when it contributed $20 billion to a combined US infrastructure fund with Blackstone.

Al-Rumayyan declared in October 2017 that PIF’s goal for 2020 is to grow its assets under administration to more than $400 billion and create more than 20,000 new employment. Simultaneously, he unveiled a new investment strategy for the fund, centred on four objectives: asset maximisation, investment in new areas, technology localization, and economic partnership development. Additionally, he stated that PIF will use prudent borrowing to finance specific assets and pursue additional partnerships, such as Blackstone and SoftBank.

Al-Rumayyan said in February 2019 at the Milken Institute in Abu Dhabi that PIF would expand its operations to London, New York, and San Francisco, increasing its personnel from 450 to 700 by the end of 2019. Additionally, he stated that the fund would invest in renewable energy projects in Saudi Arabia, including local solar panel manufacturing.

Al-Rumayyan announced the first step in incorporating loans and debt instruments into PIF’s long-term plan in September 2018 with the announcement of a $11 billion credit facility. The following month, he stated that the fund’s objective would be to raise the proportion of international assets in its portfolio from 10% to 50% by 2030.