Turki Alalshikh Net Worth

Turki Alalshikh, born on August 4, 1981, is an influential Saudi official who serves as an advisor at the Royal Court with the rank of Minister. He currently holds the position of Chairman of the General Authority for Entertainment in Saudi Arabia.

He rose to prominence recently as the dynamo behind bringing major boxing events to the Kingdom, including the highly publicized Tyson Fury vs. Francis Ngannou clash. 

With his success in helping transform Saudi Arabia’s entertainment scene, many are curious about Alalshikh’s personal wealth and career journey. 

This article will analyze AlAlShikh’s net worth and the business ventures and interests that have made him an essential figure in Saudi Arabia’s continued economic and social evolution. 

Turki Alalshikh’s net worth and career

Alalshikh has quickly become an influential figure shaping Saudi Arabia’s future entertainment and sports scenes. In his powerful government positions, he has led initiatives that have significantly boosted his wealth. 

Estimates of his net worth have shown a gradual rise over the years. Starting in 2020, when his net worth was estimated at $43.3 million, he has come a long way to the current estimate of a net worth of $ 72.2 million.

His net worth has skyrocketed in recent years thanks to his successful efforts in transforming Saudi entertainment. As he takes on more high-profile projects, his wealth should continue to proliferate.  

AlAlShikh graduated from King Fahad Security College in 2001 with a bachelor’s in Security Sciences. He received additional certificates in criminology, investigation, risk management, and general management over his career.

Turki Alalshikh is an influential figure from Saudi Arabia (Source: Arab News)

As for his career, Alalshikh spent his early career in various security and defense government positions. He first worked in sectors like the Interior Ministry and Defense Ministry. His talents were noticed by the Royal family, leading to his appointment as an advisor at the Royal Court in 2015. 

He was promoted to Minister rank and royal advisor only two years later. In September 2017, AlAlShikh was appointed Chairman of the General Sports Authority. By the end of 2018, his entertainment industry responsibilities expanded when he was named Chairman of the General Entertainment Authority. 

At only 42 years old, AlAlShikh seems poised to continue rising in influence. With proven success revamping entertainment, his career trajectory appears sky-high.

Turki Alalshikh’s influence on sports

In addition to his powerful government positions, Alalshikh has become an increasingly influential figure in the sports world. He currently serves as Chairman of the Islamic Solidarity Sports Federation. He has previous experience as the owner of prominent sports teams.

In 2018, he purchased Egypt’s Pyramids Football Club, which competes in the Egyptian Premier League. His stint as owner of the club lasted until 2019. That same year, Alalshikh took over ownership of Spanish club UD Almería. 

He invested significant funds into Almería to return the club to La Liga, Spain’s top football division. He also appointed Mohamed El Assy as Almería’s general director to oversee day-to-day operations.

Turki Alalshikh with John Cena (Source: Instagram)

Within Saudi Arabia, Alalshikh previously held the honorary presidency of Al-Taawoun FC, based in Buraidah. As Chairman of Saudi Arabia’s General Sports Authority since 2017, he has been involved in decisions impacting sports across the Kingdom.  

Alalshikh’s sports influence has been acknowledged through various regional awards, including The Most Influential Arab Sports Personality of 2017 at the Dubai International Sports Conference, The Arab Sports Personality Award in 2018 from the Mohammed bin Rashid Al Maktoum Foundation, and The Arab Sports Culture Award of 2017.

He has also been honored directly by the Saudi Royal Family, receiving the King Abdulaziz Scarf of the second class from King Salman bin Abdulaziz Al Saud in 2021.

From owning prominent international football clubs to chairing significant sports organizations, Turki Alalshikh has established himself as a central figure in the world of sports. 

Turki Alalshikh is one of the top power brokers in boxing

Saudi Arabian sports and entertainment have been transformed under Alalshikh’s leadership. As head of the kingdom’s General Entertainment Authority, he has established himself as one of boxing’s preeminent power brokers. 

He has financed major fights that likely never would have materialized without Saudi Arabia’s backing. Alalshikh and Saudi Arabia have hosted numerous prominent bouts over the past year.

In October 2022, Alalshikh organized the heavyweight exhibition between Tyson Fury and Francis Ngannou. The crossover fight brought significant international attention.

Even bigger fights are soon to come. On February 17, Saudi Arabia will host the high-stakes undisputed heavyweight unification between Tyson Fury and Oleksandr Usyk. 

Then, on March 88, Anthony Joshua will face Francis Ngannou in another heavyweight showcase.  

Bringing boxing’s biggest names to fight in Saudi Arabia demonstrates Alalshikh’s clout. These bouts also boost the kingdom’s profile and help realize his goal of transforming Saudi Arabia into a global destination for top athletic competitions.

Alalshikh has publicly stated his intention to continue hosting major fights in Saudi Arabia. He name-dropped dream matchups like Joshua vs. Fury and spoke of bringing other champions and rising stars to the kingdom.  

As Alalshikh said, “The map is changing.” Saudi Arabia has muscled into boxing’s upper echelon under his bold leadership. He wields the financing and influence to organize fights that could not happen otherwise.  

In the future, expect to see Saudi Arabia and Alalshikh host many of boxing’s biggest spectacles. He has turned the kingdom into a new hub, giving him tremendous sway over the sport.

Turki Alalshikh refuses to stage ‘Youtuber Fights’

Alalshikh has been instrumental in bringing top-level professional boxing bouts to Saudi Arabia. But in a recent interview, he clarified that he has little desire to host matches involving YouTube or social media celebrities.

When asked if famous YouTube boxers like KSI would receive an invitation to fight in Saudi Arabia, Alalshikh definitively stated, “We don’t want any YouTuber to fight again.” 

He explained that he focuses solely on legitimate professional fighters at the highest levels. While he won’t completely rule out his entertainment authority hosting social media celebrity bouts for fans, he has no interest in financing YouTuber exhibition matches.

Alalshikh elaborated that his passion is seeing the world’s best professional fighters compete. The boxers he named as personal favorites, Larry Holmes and Roberto Duran, demonstrate the caliber of talent Alalshikh wants to host in Saudi Arabia.

By refusing to divert resources to YouTuber fights, he can stay laser-focused on continuing to schedule elite matchups. Top athletes like Tyson Fury and Anthony Joshua can expect lucrative offers from Saudi Arabia to keep fighting there.