Crown Prince Mohammed Bin Salman is notorious for spending a lot of money on exclusive and expensive properties.
Appointed to the crown prince position in 2017, Mohammed Bin Salman is known as the youngest crown prince of Saudi Arabia. In addition, he is also known as the country’s Minister of Defense in the period 2015-2022 and Prime Minister (appointed in 2022).
The wealth of the Saudi royal family stems from huge oil reserves discovered more than 75 years ago. According to The Sun, Crown Prince Mohammed Bin Salman is considered the representative face of the family.
While his family is often tight-lipped about his assets, Crown Prince Mohammed Bin Salman is noted for his luxurious life and lavish spending. According to estimates by Purnea University, Crown Prince Mohammed Bin Salman of Saudi Arabia Ut currently holds assets worth $25 billion with a level of luxury spending that few can match.
Louis XIV Castle
In 2015, the world was to learn that Louis XIV Castle in Louveciennes (France) was purchased for a record sum of $300 million by a mysterious buyer. At that time, this was recorded as the most expensive house sale in the world. Two years later, reports revealed that the buyer was Crown Prince Mohammed bin Salman.
According to Insider, the castle has functions including a sound system, lights, and air conditioning, all controlled by an iPhone. In addition, the castle also has a cinema and a moat with a transparent underwater room.
Superyacht “Serene”
The superyacht has an overall length of 134 m and can accommodate 24 passengers in 15 cabins, and is considered one of the largest private superyachts in the world. The Serene includes several swimming pools, tubs, two helipads, a gym, and a movie theater.
This majestic “floating palace” was rented by billionaire Bill Gates for 5 million USD per week in 2014. While lying at the dock in France, the crown prince discovered the yacht and bought it for 500 million USD.
King of oil
State-owned oil giant Saudi Aramco a record high valuation of $2 trillion in 2019, making it the most valuable and profitable company in the world and its owner is none other than is the Crown Prince.
This is not surprising, as the Saudi royal family has an estimated fortune of about $1.4 trillion, divided largely among 2,000 individuals. According to SCMP reported in June 2022, the Saudi royal family is the richest royal family in the world with a total of about 15,000 members.
Entertaiment industry
According to Kotaku, a video game development company (EGDC) is owned by Crown Prince Mohammed Bin Salman and accounts for nearly 100% of the shares of Japanese developer SNK. The crown prince has long been interested in the entertainment industry, meeting with American technology companies such as Google and Facebook.
Saudi Arabia has spent years investing in esports and video games such as SNK, Activision Blizzard and Nexon, further expanding their control over various global industries.
Professional sports arena
Under the management of the Saudi Arabian Public Investment Fund, Crown Prince Mohammed Bin Salman bought Premier League football club Newcastle United and turned them into the financially strongest club in England. Thanks to that, the team can attract top athletes such as James Tarkowski and Sergi Roberto, according to Marca. The new team begins 2022 with more changes on the horizon.
Private Island Getaways
The royal family is known for their vacations in the Maldives as well as other lavish vacations. Many resorts and spas offer water sports such as scuba diving, surfing, water skiing and other activities.
It is not uncommon for the crown prince to invite friends and partners here to enjoy a weekend party full of luxurious entertainment and stay at his private villa. The privately owned islands allow Crown Prince Mohammed Bin Salman and his family to relax and have fun.
The Richest