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November 28, 2001: Bin Laden Family Business Valued at $36 Billion; Osama’s Share Is Uncertain

2001-11-28

Osama bin Laden’s father, Mohammed bin Laden, with Faisal al-Saud, the Saudi king in the middle of the 20th century.Osama bin Laden’s father, Mohammed bin Laden, with Faisal al-Saud, the Saudi king in the middle of the 20th century. [Source: CNN]The Financial Times estimates that the bin Laden family’s business, the Saudi Binladin Group, is worth about $36 billion. Osama bin Laden inherited about $300 million at the age of ten on the death of his father, but he may be worth much more today. While he spends large amounts each month supporting terror, he reportedly gets large amounts from rich Saudis every month to make up for the losses. [Financial Times, 11/28/2001] The 9/11 Commission later disputes these figures and claims that bin Laden only gets about $1 million a year for about two decades until around 1994 (see August 21, 2004). [9/11 Commission, 6/16/2004]