The wealth of Saudi billionaire Prince Alwaleed bin Talal climbed to its highest level in more than a decade, reaching $24 billion on June 5, 2026, according to Bloomberg data.
The surge marks the highest level for his fortune since 2012 and comes after confirmation that Prince Alwaleed and Kingdom Holding Company own a 0.63% stake in SpaceX, the aerospace company preparing for what could become the largest initial public offering in history.
SpaceX is reportedly targeting a fundraising round of up to $75 billion, a move that has drawn global attention from investors and significantly increased the estimated value of its private shares.
The billionaire’s exposure to SpaceX has become a major factor behind the recent increase in his wealth, highlighting the growing impact of private technology companies on global billionaire rankings.
Prince Alwaleed, one of the Middle East’s most prominent investors, built his fortune through decades of investments across sectors including financial services, hospitality, media and technology.
Kingdom Holding has maintained stakes in several international companies as part of a diversified investment strategy aimed at capturing growth opportunities across global markets.
The company’s portfolio includes investments in major industries, with technology becoming an increasingly important component of its long-term strategy.
If SpaceX proceeds with a public offering at the anticipated valuation, early investors could see significant gains, potentially reshaping the global billionaire rankings.
For Prince Alwaleed bin Talal, the development represents one of the strongest boosts to his publicly estimated wealth in recent years, pushing his fortune back to levels not seen since the early 2010s.
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