Khalid bin Mahfouz
| Khalid bin Mahfouz | |
|---|---|
| Born |
December 26, 1949 Jeddah, Saudi Arabia |
| Died | August 16, 2009 (aged 59) Jeddah, Saudi Arabia |
| Residence | Dublin, Ireland |
| Occupation | Investor |
| Net worth | $3.2 billion USD |
| Website | http://www.binmahfouz.info |
Khalid bin Mahfouz (December 26, 1949 - August 16, 2009) was a Saudi Arabian billionaire, banker, investor and former chairman of the National Commercial Bank (NCB). Khalid is the son of Salem Bin Mahfouz, a Saudi entrepreneur who rose from being a smalltime moneychanger to becoming the founder of the NCB, the first private Saudi bank.
With a personal wealth estimated to be around $3.2 billion, Bin Mahfouz ranked 24th in Arabian Business magazine’s list of the world’s most influential Arabs in 2008. In the same year, Bin Mahfouz ranked number 214 in Forbes Billionaires List
After the September 11 attacks on New York and Washington, in which 15 of the 19 hijackers were Saudis, considerable suspicion fell on Saudi financiers and charities as sources of financing for terrorism. Khalid Bin Mahfouz faced accusations in books, newspapers and magazines that he and his family had funneled money to Al Qaeda. Bin Mahfouz successfully pressed publications for accusations corrections and public apologies. For example, many British and American Media and authors referred to Bin Mahfouz as the brother-in-law of Osama bin Laden, which he was not.
Khalid bin Mahfouz was the second eldest son of Salem Ahmed bin Mahfouz, a Saudi who rose from being an illiterate moneychanger to the founder of the first bank in his country, the National Commercial Bank of Saudi Arabia (NCB). Salem Ahmed then became the personal banker of the Saudi royal family. He handed management of NCB, the largest bank in the country, to Khalid sometime in the 1980s.
In the 1970s Khalid bin Mahfouz bought and lived in a $3.5 million chateaux-style house, later named "Versailles," in the River Oaks area of Houston. He also bought a four thousand acre (16 km²) ranch along the Trinity River in Liberty County, Texas, near the ranch of James Bath. Another of his estates, resting on 121 acres, was reportedly put up for sale at auction on April 11, 2013 with a guide price of 2.4 million euro.
In 1990 Khalid bin Mahfouz acquired Irish citizenship through inward-investment procedures.
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Wikipedia