The inner lives of the ultra-rich are as stupefying as one would imagine and this is certainly true in the case of the Saudi crown prince Mohammed Bin Salman Al Saud who leads a private yet utterly luxurious lifestyle. Serving as the prime minister of Saudi Arabia and its de facto ruler, Prince Mohammed is not only one of the most powerful men in the world but he also belongs to a royal dynasty that is one of the wealthiest.
Though the exact figures of his wealth are not publicly available, one can take an accurate guess at the kind of money that the Saudi crown prince commands based on his vast portfolio of investments and state-backed resources.
The prince notably cracked down on prominent Saudi businessmen as a part of the 2017 anti-corruption campaign which caused many to lose their fortunes, and preached a life of austerity in Saudi Arabia, while privately leading a luxurious life full of personal purchases worth millions.
Prince Mohammed Bin Salman Al Saud’s incredible assets
According to the Sovereign Wealth Fund Institute, the Public Investment Fund (PIF), which is the sovereign wealth fund of Saudi Arabia, has assets worth $925 billion, with the crown prince controlling at least $1 billion worth of assets as per Bloomberg. The Al Saud royal family also has a collective net worth of $1.4 trillion as per the Economic Times which takes them leaps and bounds over other wealthy families in the world and Prince Mohammed just happens to be the de facto head of such a dynasty.
The prince is the owner of the Italian-built mega yacht called Serene which he purchased from Russian vodka tycoon Yuri Shefler in 2015 for a whopping $500 million in 2015 as per the New York Times. According to The Telegraph, He also owns one of the most expensive homes in the world the Château Louis XIV, a $300 million property which was built in 2008 by property developer Emad Khashoggi’s property development company COGEMAD that stands on land which originally belonged to the Versailles estate.
Apart from this, Prince Mohammed was also reported to be the buyer of a rare Leonardo Da Vinci piece titled ‘Salvator Mundi’ which was sold at a 2017 Christie’s auction for a record $450 million. It was also rumoured that the 500-year-old artwork was purchased on behalf of the crown prince by another member of the Saudi royal family as ArtNet.com had reported that the famous painting was seen aboard the prince’s superyacht Serene.
His recent activities in the US
The crown prince of Saudi Arabia is currently on a visit to the US where he is being hosted by US President Donald Trump. The purpose of the visit was to deepen the already strong ties between the US and Saudi Arabia and the US president is hoping for fruitful trade and tech deals alongside nuclear cooperation with the Middle East according to Al Ja Zeera.
On Tuesday, November 18, the President organized not only a military fly-past but also a black-tie dinner party to welcome the prince. The party was attended by notable personalities such as football player Cristiano Ronaldo, FIFA head Gianni Infantino, the world’s richest man Elon Musk and Apple chief executive among many others.
