Education
Al-Rashid completed his B.S. at the University of Texas in 1965, and his PhD at the university in 1970.
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Nasser Al-Rashid
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He is reputedly an influential advisor to the Saudi royal family and a billionaire. However he is not included in the Forbes list of the world's richest people as his personal wealth, like that of many Saudi insiders, cannot be assessed with much accuracy from publicly available information. He has since remained a prominent donor to the University of Texas, and has been honoured by the university at its Distinquished Alumnus Awards ceremony.
The Dr. Nasser Al-Rashid Strength and Training Center at the university is named in his honour. He is also a large donor to the University of Miami (FL) and its medical school. He owns one of the largest yachts in the world, the Lady Moura, which reportedly cost him over US$200 mm to build in the late 1980s.
In March 1987 Al-Rashid was one of the guests at a state banquet hosted by Queen Elizabeth II for King Fahd at Buckingham Palace. Not much is known publicly of al-Rashid, who prior to taking delivery of his yacht, maintained a relatively low profile among the wealthy Saudi elite. Al-Rashid was one of three Saudi Arabian businessmen to donate over $1 million to the Clinton Presidential Center.
On Saturday 19 May 2007, one of his yachts, Lady Moura, nearly ran aground by the Cannes coastline during the film festival, where it suffered hull damage and took on water. It was moored in Monaco. On 2 February 2010 Lady Moura was moored in Palma, Majorca, however it has since returned to Monaco.
