In Saudi Arabia, Ahmed bin Salman joined the Saudi armed forces, before later dealing in business. After leaving the Saudi armed forces in 1985, he established ASAS, a company which specialized in maintenance and contracting. He became chairman of Saudi Research and Marketing Group in 1989, a media company with offices in Riyadh and Jeddah as well as in London and Washington D.C. Prince Ahmed also bought 80 percent of the daily, Asharq Al Awsat, which is a publication of the SRMG. SRMG is reported to be the largest media company in the Middle East. However, the business was worth $90 million when Prince Ahmed took over the company. Its assets had grown to nearly $533 million at the point he died. After his death, his full brother Prince Faisal became the chairman of SRMG.
Involvement in horse racing
Ahmed bin Salman began horseracing activity with his college friend Richard Mulhall as his horse trainer and eventually his manager of racing operations. First he bought a gray stallion named Jumping Hill. Then, Prince Ahmed began racing under the name Universal Stable until 1994. Later, he created the Thoroughbred Corporation and became the principal partner of this company. In 1999 Ahmed bin Salman won The Derby with Oath. He also won the Preakness and Belmont Stakes with the 2001 horse of the year, Point Given. He also achieved another dream by winning the Kentucky Derby with War Emblem in May 2002, making him the first Arab horse owner to win this race. War Emblem was sold to Prince Ahmed just three weeks before the race after the horse won the Illinois Derby. The price of the horse was $900,000. Prince Faisal, his brother, succeeded him as the head of the Thoroughbred Corporation after his death in 2002. Ahmed bin Salman also owned Spain, horse racing's all-time female money-winner. He is one of only four men to have raced both a Kentucky Derby winner and an Epsom Derby winner. The others are John W. Galbreath, Michael Tabor, and Paul Mellon.
Other positions
Ahmed bin Salman was appointed secretary-general of the Prince Fahd bin Salman Charitable Association for Kidney Patients, and was a member of the charity’s board of directors following the death of his elder brother Fahd bin Salman in 2001.
Ahmed bin Salman died of heart failure at age 43 in Riyadh on 22 July 2002. He was buried in Al Oud cemetery on 23 July 2002 after funeral prayers at the Imam Turki bin Abdullah mosque in Riyadh. His cousin, Sultan bin Faisal bin Turki bin Abdullah, brother of Abdullah bin Faisal, was coming to Riyadh to participate in funeral prayers for Prince Ahmed when he was killed in a car crash. The cousins were buried together.
War Emblem's win in the Preakness
With his college friend Richard Mulhall as trainer, he got into the racing business initially as Universal Stable. In 1994 when the operation resurfaced as The Thoroughbred Corporation, with Mulhall retiring as a trainer and taking on the job of racing manager. Mulhall is currently the president of the operation. The pair would go on to racing greatness, both with sales purchases and homebreds. The Thoroughbred Corp.'s roster reads like a who's who of racing in the past decade, with such greats as Sharp Cat, Lear Fan, Jewel Princess, Windsharp, Military, Royal Anthem, Anees, Officer, Habibti, Spain, 2001 Horse of the Year Point Given, and this year's dual classic winner War Emblem. Currently Thoroughbred Corp. has approximately 60 horses in training mostly stabled with Bob Baffert, D. Wayne Lukas, and John Shireffs, along with 45 broodmares, mostly at Mill Ridge Farm in Lexington. His name will always be associated with War Emblem, his one Kentucky Derby winner, which he quipped was "one of the best investments I ever made in my life, besides buying oil in Saudi Arabia," after he won the Preakness. He bought a 90% share in the colt just three weeks before the Derby, and with the win, became the first Arab owner to capture the Roses.
Legacy
announced in 2004 that Prince Ahmad bin Salman Institute for Applied Media Training would be established to train journalists.
Alleged involvement in 9/11 attacks unproven
In Why America Slept, Gerald Posner claimed Ahmed bin Salman, along with Sultan bin Faisal bin Turki bin Abdullah, and Prince Fahd bin Turki bin Saud al-Kabir, all had ties to al-Qaeda, and had advance knowledge of the September 11, 2001 attacks. All three died within days of each other, soon after the CIA inquired about their possible connection to the attacks. The story was strongly denied by his family, who claimed he admired the United States, spent a great deal of time at his home there in Bradbury, California, and had invested heavily in the American horse racing industry. His friends in American horse racing stated their knowledge of him and his attitudes made it impossible to believe the allegations.
