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Billionaire Profile
Mohammad Abunayyan
Global Rank
#2295

Mohammad Abunayyan

CEO, Diversified
Riyadh, Saudi Arabia
Real-Time Net Worth
$1.83B
Estimated based on Diversified stock value as of September 10, 2026
+1.07% (24h)
Age
63
Source
Diversified
Industry
Diversified
Citizenship
Saudi Arabia

Biography

Mohammad Abunayyan is a prominent Saudi Arabian businessman, born in 1962. He is the founder and chairman of ACWA Power, a global leader in the energy and water sectors. His source of wealth is diversified, stemming from his ventures in the power generation and water desalination industries. His career spans over four decades, marked by significant achievements in renewable energy, infrastructure development, and strategic partnerships. Abunayyan's net worth is estimated at $1.6 billion as of March 2026, ranking him among the world's wealthiest individuals. He is known for his leadership and contributions to Saudi Arabia's Vision 2030.

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Data Updated
Sep 10, 2026
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Wealth Over Time

Net Worth History

YearNet Worth
2026$1.83B
2025$1.60B
2024$1.60B

Portfolio Holdings

ACWA Power

ACWA Power

2082•diversified
Ownership
3.5%
Market Cap
$34.4B
Stock Price
$165.4
Revenue
$1.92B
Riyadh, Saudi Arabia
2,700 employees
Founded 2004

In-Depth Profile

Early Life and Upbringing

Mohammad Abunayyan was born in Riyadh, Saudi Arabia, in 1962. He was raised in a conservative environment that instilled values of hard work and responsibility. His family played a vital role in shaping his entrepreneurial spirit.

Rise to Success

Abunayyan started his career in the family business, Abunayyan Trading, before venturing into the power and water sectors. Recognizing the opportunities in the privatization of the water and power sectors in Saudi Arabia, he founded ACWA Power in 2004. Under his leadership, ACWA Power has become a global leader in renewable energy and water desalination, with a portfolio of projects across 15 countries.

Key Business Strategies

Abunayyan's key business strategies include a focus on cost leadership, strategic partnerships, and innovation in sustainable energy solutions. He has championed Public-Private Partnerships (PPPs) and promoted local content development, creating thousands of jobs and contributing to the economic growth of Saudi Arabia. His vision is about positioning Saudi Arabia as a global leader in sustainable energy.

Philanthropy

Details on specific philanthropy amounts could not be found in the search results.

Career Milestones

1979

Joined Family Business

Joined the family business, Abunayyan Trading, after graduating high school.

2004

Founded ACWA Power

Founded ACWA Power to capitalize on opportunities in the privatized water and power sectors.

2021

ACWA Power IPO

Took ACWA Power public on the Saudi stock exchange.

Billionaires Connected to Mohammad Abunayyan

Peers in Diversified

All Diversified billionaires →

Richest in Saudi Arabia

All billionaires from Saudi Arabia →

Adjacent Global Ranks

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Frequently Asked Questions

What is Mohammad Abunayyan's net worth in 2026?
As of 2026, Mohammad Abunayyan's estimated net worth is $1.829 billion, ranking #2295 among the world's billionaires. The estimate is based on publicly available shareholding data and market prices, updated daily.
How did Mohammad Abunayyan make their money?
Mohammad Abunayyan's wealth primarily comes from Diversified, most notably through Diversified.
Where is Mohammad Abunayyan from?
Mohammad Abunayyan is from Saudi Arabia.
How old is Mohammad Abunayyan?
Mohammad Abunayyan is 63 years old.

Sources & References

Citations for this profile have not been published yet. Net worth figures here are estimates and should not be treated as verified. See our methodology for how these estimates are produced, or report a correction.