Yasir Al-Rumayyan Net Worth, Income and Assets of Newcastle United Chairman

Yasir Al-Rumayyan is one of the most powerful figures in Saudi Arabia’s thriving business world, and as such his net worth reflects the enormity his stature.

Although there is much debate as to his true personal wealth, investment toolkit Wallmine estimate his net worth to be around $19.8 million.

However, as the governor of the PIF, he oversees around $600 billion worth of assets. This includes stakes in companies such as Boeing, Nintendo, Disney and Uber, where he serves as on their board of directors.

PIF’s governor is believed to earn just over $300,000-per-year according to Forbes, solely for his role in controlling the sovereign wealth fund.

What is Yasir Al-Rumayyan in Charge Of?

Aside from the remarkable list of Saudi-specific roles he holds as the Crown Prince’s right-hand man, Al-Rumayyan has taken it upon himself to lead some of PIF’s projects.

Perhaps most notably for sports fans, he serves as Newcastle United’s chairman following PIF’s £300m acquisition in 2021, alongside a consortium consisting of PCP Capital Partners and Reuben Brothers. As such, the Magpies were propelled to the top of the richest football club owners on the planet.

He has overseen an overwhelming period of success since taking over at the helm in Newcastle, leading them back into the Champions League and bankrolling nearly £400 million on permanent transfers.

Saudi Arabia’s infiltration of elite sports doesn’t stop there however. The creation of breakaway tour LIV Golf in 2022 was met with wide-spread controversy, but a seemingly acrimonious relationship looks to have been settled in a recent merger with the long-established PGA Tour.

This is a monumental victory for PIF and Yasir Al-Rumyyan, whose integration into one of the most pre-eminent organisations in sport signals an interesting power shift, not just in golf but in the wider world of sport.

The New York Times reported that PIF spent around $2 billion on tournament purses, player sign-on bonuses and staffing.

Their ambitions within the sporting landscape also reached a dizzying new height this month, after FIFA president announced that Saudi Arabia would host the 2034 World Cup.

Yasir Al-Rumuyyan Controversies

Although Yasir Al-Rumuyyan has kept himself squeaky clean, the perception of Saudi Arabia on a global scale as often been called into question, particularly after a significant push into the commercial western world.

The nation’s hardline anti-LGBT laws and attitudes towards women in society have left many uneasy. Al-Rumyyan is simply a controlling figurehead for Saudi Arabia’s sovereign family, who have been accused of jailing peaceful protesters and carrying out unfair trials for minor crimes.

Crown Prince Salman also denied any wrongdoing following the gruesome dismemberment of exiled journalist Jamal Khashoggi at the Saudi consulate in Istanbul in 2018, but the nation’s attorney general later admitted it was premeditated.

Saudi Arabia’s attempts to use the PIF as a vehicle to grow the nation on a global scale have been hugely successful, but many take the view that it is their way of ‘sportswashing.’ This soft power, under the guise of trying to boost tourism ready for a post-oil world, is a common theme across the Arab world with Qatar and the UAE also emerging as sporting superpowers.