Most people might not know his name, but boxing fans have started to recognize Alalshikh's impact. He's been pouring money into the sport as part of Saudi Arabia's Vision 2030 initiative, which aims to reduce the country's dependence on oil.
Alalshikh's net worth stands at $2.8 billion, according to sources like Essentially Sports, Sportscasting, and Bet365. He's made his fortune through sports activities and government positions. The Saudi businessman owns the Spanish soccer club Almería and recently bought The Ring magazine, considered the most prestigious publication in boxing.
In the real estate world, Alalshikh is a major player. He holds stakes in construction businesses and owns properties globally, including in Beverly Hills. However, the full extent of his property holdings remains unknown due to the private nature of these records.
One of Alalshikh's biggest projects is the Riyadh Season, an annual month-long event in the Saudi capital. The chairman masterminded this festival, which brings together the best in music and sports from around the world.
Alalshikh's influence in boxing continues to grow. He's invested significant sums in the sport and plans to invest even more. Many believe the long-term future of world boxing is now closely tied to Alalshikh's plans.
As Alalshikh continues to reshape combat sports and entertainment with his wealth and influence, many wonder where his vision will lead. Only time will tell how far the Arab billionaire's impact will reach in the world of boxing and beyond.