Faisal bin Salman bin Abdulaziz Al Saud was born on 1 February 1970, in Riyadh, Saudi Arabia. He obtained his early education at Riyadh Schools, a private school in the city of Riyadh, and later pursued a Bachelor's degree in Political Science at King Saud University, graduating in 1992.

He continued his academic studies at the University of Oxford in the UK and obtained a DPhil in 1999, his thesis is titled: "Iran, Saudi Arabia and the Gulf: Power Politics in Transition 1968-1971". Subsequently, he joined the teaching ranks as an assistant professor in the Department of Political Science at King Saud University.

In 2002, Faisal Bin Salman assumed the positions of Chairman and CEO of Saudi Research and Media Group (SMG), a distinguished Arab media and publishing company. In 2006, SRMG became the first media company in the Arab world to undergo an Initial Public Offering (IPO) and subsequently listed on the stock exchange.

In 2007, Faisal became one of the founders and Chairman of the Board for Jadwa Investments. Jadwa Investments is considered a leading company in investment management and advisory services in the Middle East and North Africa region. Jadwa now has a portfolio of over USD 20 billion in assets under under management for its local and international clients.

In 2013, he moved to local politics in Saudi Arabia when he was appointed Governor of the Al-Madinah Al-Munawwarah Region by the late King Abdullah bin Abdulaziz Al Saud, and in 2018 he became Chairman of Al-Madinah Region Development Authority (MDA), until December 2023.

In 2023, he was appointed as a special advisor to King Salman bin Abdulaziz AI Saud. As well as Chairman of the Board of Directors of the King Abdulaziz Foundation for Research and Archives (DARAH). The foundation serves the history, geography, literature, and heritage of Saudi Arabia, Arab countries, and Islamic countries in general. Additionally, it is responsible for preserving and collecting historical sources related to the Kingdom.

Furthermore, he was appointed Chairman of the Board of Trustees at the King Fahad National Library, the national library of Saudi Arabia.