Prince Sultan was born in Taif in 1951. He is the son of King Fahd. His mother, Alanoud bint Abdulaziz bin Musaid, is from the Jiluwi branch of the Al Saud whose members intermarried with the Al Saud. Alanoud bint Abdulaziz was younger sister of Moneera, who was the spouse of late Prince Sultan and she was also cousin of King Khalid and Prince Muhammed. She died of kidney failure in Santa Barbara in March 1999 after a long period of treatment in Los Angeles at the age of 76. His full-brothers are Faisal bin Fahd, Saud bin Fahd and Khaled bin Fahd.

After schooling in Riyadh, Prince Sultan attended the Sandhurst Military Academy and obtained a bachelor's degree in military sciences in 1973.

Sultan bin Fahd joined the tank corps of the Saudi Arabian armed forces as a lieutenant at Tabuk Province after his graduation. In 1991, he was appointed deputy president of youth welfare. He was appointed president of the body on 1 September 1999 after his brother Faisal bin Fahd, former president, died. He resigned from office in January 2011. He was also the chairman of Saudi Arabian olympic committee during his tenure. His nephew Prince Nawaf replaced him as the head of youth welfare.

Sultan bin Fahd is married to Juhayr bint Faisal bin Turki Al Saud and has two daughters, Nuf and Sara.

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