Yasir Al-Rumayyan Net Worth: Yasir Al-Rumayyan is best known as the governor of the Saudi Public Investment Fund (PIF) and as the Chairman of Saudi Aramco. He was born in Saudi Arabia and raised in the United Kingdom.
According to Forbes Middle East, Saudi Aramco is the world’s most valuable business, with a market capitalization of $1.7 trillion in 2020, according to Forbes Middle East.
As of December 31, 2011, the Public Investment Fund has assets worth $360 billion, ranking it third among sovereign funds in the Arab world. Yasir Al-Rumayyan was born in 1970 and graduated from King Faisal University in 1993 with a bachelor’s degree in economics. A general management program at Harvard Business School followed, which he finished later on.
With a renowned financial background, he rose through the ranks to become the Saudi Capital Markets Authority’s head of international brokerage as well as a director on the board of directors of the Saudi Stock Exchange.
The Saudi Arabian Public Investment Fund (PIF), along with Amanda Staveley of PCP Capital Partners and the Reuben brothers, finalized the takeover of Newcastle United in 2015. He was appointed managing director of the Saudi Arabian Public Investment Fund in 2015.
A year later, he was appointed to the board of directors of Saudi Arabia’s state-owned oil corporation, Aramco, where he currently serves as chairman.
Aramco, the world’s largest oil firm, is headquartered in Saudi Arabia. Al-PIF Rumayyan’s organization is estimated to be worth a whopping £260 billion and has offices in London, New York, and San Francisco, among other locations.
President of Newcastle United Football Club and Chairman of Saudi Aramco, Yasir bin Othman Al-Rumayyan is a prominent Saudi business figure. He is the Governor of the Public Investment Fund (PIF), the Kingdom of Saudi Arabia’s sovereign wealth fund, as well as the Chairman of Newcastle United F.C. and the Chairman of Saudi Aramco. He serves on the boards of directors of Uber Technologies Inc., SoftBank Group, and Reliance Industries Ltd. as a result of his investments with PIF.
He began his professional career with Saudi Hollandi Bank, where he rose to the position of head of international brokerage before joining the Capital Markets Authority (CMA), where he served as the organization’s head of securities listings.
Al-Rumayyan served as CEO of Saudi Fransi Capital (SFC), the investment banking arm of Banque Saudi Fransi, from 2011 to 2015. The Saudi Stock Exchange appointed him to its board of directors in 2014, and he served on the board until 2015.
Al-Rumayyan was appointed managing director of the Public Investment Fund of Saudi Arabia in September of that year.
In 2016, PIF made a $3.5 billion investment in Uber Technologies Inc., which is situated in the United States. As part of the arrangement, he was appointed to the board of directors of Uber.
In August 2016, Al-Rumayyan was appointed to the board of directors of Saudi Aramco, as part of a move toward greater cooperation between Aramco and the Public Investment Fund in order to restructure the Saudi economic system. SoftBank Vision Fund, which had just been founded, received a $45 billion investment from PIF in October of that year.  PIF made a $20 billion investment in a joint US infrastructure fund with Blackstone in May of this year.