Majed Al Sorour, the CEO of Golf Saudi and the Saudi Golf Federation, is assumed to be a millionaire and one of Saudi Arabia’s most well-known figures.
He and the Saudi Golf Federation have given themselves the goal of enticing one million of his compatriots to try golf for the first time during the next decade, among other lofty goals.
The country’s population is estimated to be over 36 million, and golf is expected to reach the whole population during the next decade.
Majed Al Sorour Net Worth 2022- Newcastle Owner Fortune
Majed Al Sorour, the CEO of the Golf Saudi Federation and a director of Newcastle football club whose net worth is around 500 billion pounds and according to sporting news is assumed to have a net worth of $270 million.
On the board of directors, he joins Yasir Al Rumayyan, the governor of the Saudi Public Investment Fund (PIF), which owns an 80% share in the club, Amanda Staveley, and Jamie Reuben.
Al Sorour’s appointment comes at a time when the PIF is supporting the breakaway LIV Golf International Series, which sparked more controversy earlier this week when its CEO Greg Norman termed the assassination of journalist Jamal Khashoggi in the Saudi embassy in Turkey as a mistake.
Between 2016 and 2018, Al Sorour served on the board of Al Nassr Football Club, and he now serves as an advisor to the Public Investment Fund (PIF), the world’s wealthiest sovereign wealth fund, with a focus on sports ventures.
Who Is Majed Al Sorour? Wikipedia
Majed Al Sorour is a global businessman and entrepreneur known for spotting performance potential in companies across a wide range of industries, including sports, technology, energy, engineering, and insurance.
Majed spent his youth playing football professionally with Al Nassr Football Club, where he played for seven years from 1987 to 1994. Majed used his football earnings to pay for his studies in the United States, where he earned both his bachelor’s and master’s degrees in business administration, with a focus on economics and finance, from the prestigious Seattle University.
Al Sorour joined Farmers Insurance Group after graduation and worked in Bellevue, WA for the following six years. Following his professional stint in the United States, Al-Sorour returned to Saudi Arabia to pursue regional commercial interests, eventually rising to become the CEO of Amana Cooperative Insurance, a TADAWUL-listed company.
Al-Sorour was appointed CEO of the Saudi Golf Federation and Golf Saudi in 2018 on a special request, as one of many revolutionary catalysts for Vision 2030, overseeing the development of a multi-billion-dollar investment in the sport’s development and associated commercial potential.
Career Details Of Majed Al Sorour
The Saudi Golf Federation’s chief executive, Majed Al Sorour, is driving the country’s goals to become a global destination for golf, as he puts it. The current golfing agenda has been beset by plans to form a breakaway league.
A rich Saudi Golf League, akin to the European Super League debacle in football, threatens to split the sport, with the PGA warning players of the dangers of participating.
Newcastle’s new board member stated earlier that his goal for the next decade is to make golf accessible to all Saudi citizens, citing Crown Prince Mohammed bin Salman’s Vision 2030.