In recent years, His Excellency Turki Alalshikh, the current Chairman of the General Entertainment Authority of Saudi Arabia, has become a major figure in the boxing world.
While Saudi Arabia has long depended on oil exports for its income, the country has started focusing more on sports tourism as a growing industry.
A key part of this strategy is hosting major sporting events, such as boxing, golf, MMA, and others. As Saudi Arabia works to become a new center for sports, Turki Alalshikh has been essential in organizing some of the largest boxing events the country has ever hosted.
What is Turki Alalshikh’s Net Worth in 2025?
Many boxing fans know him as the person behind the Riyadh Season, but the 43-year-old Saudi royal holds many other roles. He became the chairman of the General Entertainment Authority in 2018 and has been the royal advisor to Saudi Crown Prince Mohammed bin Salman with the rank of minister since 2017.
After taking charge of the country’s entertainment industry as part of the Vision 2030 plan to reduce reliance on oil, the entertainment sector in Saudi Arabia has flourished.
To support this goal, Turki Alalshikh has made significant investments in sports, which continue to bring people from around the world to Saudi Arabia. For example, he owns the Spanish football club UD Almería and has previously owned Egypt’s Pyramids FC.
Regarding boxing, in addition to organizing some of the biggest matches in recent years, Alalshikh purchased The Ring Magazine for $10 million, revitalizing the company that holds a special place for boxing fans.
To achieve this goal, Turki Alalshikh has put a lot of money into sports, which continues to bring people from all over the world to Saudi Arabia. For example, he owns the Spanish football club UD Almería and has previously owned Egypt’s Pyramids FC.
In boxing, besides organizing some of the biggest matches fans have seen in recent years, Alalshikh has also purchased The Ring Magazine for $10 million, bringing new life to the company that is important to every boxing fan.
Recently, he teamed up with TKO Holdings, the company that owns UFC and WWE, to start a new boxing league. This move is a clear step in Alalshikh’s goal to change boxing. This should give you an idea of how much wealth Alalshikh has, but if it doesn’t, the Saudi royal is said to be worth $2.8 billion (£2.14 billion) as of 2025, according to various sources.
Finally, it’s hard to say exactly how much the Saudi royal is making from boxing alone, as financial reports for Riyadh Season have not been made public.
How did Turki Alalshikh build his net worth?
On the surface, His Excellency Turki Alalshikh’s approach to building his net worth is straightforward—invest money and keep growing his assets. Since he took charge, Saudi Arabia has hosted record-breaking events, including Riyadh Season—an event that attracts top musicians, film festivals, and major sporting events.
This, in turn, boosts tourism in the country, generating significant income and strengthening its financial position.
His investments in sports, especially football and boxing, have further increased his net worth. His work to bring high-profile boxing matches to Riyadh, featuring some of the biggest names in the sport, has made Saudi Arabia an important player in global combat sports.
Revenue from ticket sales, broadcasting rights, and sponsorships has greatly added to his impressive net worth.
Since he acquired Ring Magazine, known as the Bible of Boxing, Alalshikh plans to bring back its print edition, ensure it remains editorially independent, and create a mobile app to showcase his goal of transforming boxing media. The income generated from this project continues to boost his financial status.
At the same time, this purchase strengthens his influence in the sports world while adding another valuable asset to his net worth.
In addition to this, he is a major figure in the real estate business, though specific information about his properties is not available. However, given his vast wealth, it’s clear that the Saudi royal owns several properties in Saudi Arabia and around the world.
He is also known to own a collection of luxury cars, with some reports saying he has as many as 77 expensive cars. This collection includes a Bugatti Chiron worth $4.8 million, showing his love for high-end cars while boosting his net worth.
With all this, His Excellency Turki Alalshikh has plenty of wealth, and his net worth is likely to grow as both the sports world and Saudi Arabia continue to expand.
Why Is Turki Alalshikh Often Called ‘His Excellency’?
Although he is best known for organizing the major boxing events in Saudi Arabia, Turki Alalshikh is a very important person in the Royal Saudi family.
He is often called His Excellency, which is an official title given to members of the Royal Saudi family. This is similar to how members of the British Royal Family are called ‘His Majesty’ or ‘Your Highness’.
The title ‘His Excellency’ shows respect and gives Alalshikh his full title. A man who has almost single-handedly revived boxing and helped bring some of the biggest and most exciting fights, including Tyson Fury vs Oleksandr Usyk, Artur Beterbiev vs Dmitry Bivol twice, and many more, truly deserves to be addressed by his full title.
What are Turki Alalshikh’s sources of wealth?
Turki Alalshikh has earned money in different ways. His career has been marked by important positions in the Saudi government, especially as the Chairman of the General Entertainment Authority (GEA) since 2018. Here’s how he has built his wealth:
Government Role
Alalshikh’s job as an adviser to the Royal Court and his leadership of the GEA have given him the power to influence major cultural and sports events in Saudi Arabia.
His work in this role has involved organizing big events that attract international attention, which helps increase tourism and entertainment revenue in the country.
Investments in Sports and Entertainment
Alalshikh has made large investments in both sports and entertainment. He has played a key role in increasing boxing’s popularity in Saudi Arabia.
His efforts include organizing major boxing events during the Riyadh Season, bringing in global stars, and receiving a lot of media attention.
Alalshikh has also invested in international football clubs, owning stakes in UD Almería (Spain) and previously in Egyptian Pyramids FC. These investments show his dedication to making Saudi Arabia an important part of global sports.
[Updated: 03/31/2025]
