Mohammed bin Salman Net Worth: $10 Billion
| Net Worth: | $10 Billion |
| Date of Birth: | Aug 31, 1985 (38 years old) |
Mohammed bin Salman net worth is around $10 billion. Mohammed bin Salman is the famous Crown Prince of Saudi Arabia.
Mohammed is the 7th son of King Salman bin Abdulaziz and is considered Saudi Arabia’s de facto ruler. Also popular as “MBS,” he has served as deputy prime minister and minister of defense of Saudi Arabia.
His father, King Salman, became the King of Saudi Arabia and the Prime Minister of Saudi Arabia in January 2015 after the death of King Abdullah. Then, Mohammed bin Salman became the Crown Prince of Saudi Arabia. MBS became the First Deputy Prime Minister of Saudi Arabia in June 2017.
Mohammed bin Salman served as Deputy Crown Prince of Saudi Arabia and Second Deputy Prime Minister from April 2015 to June 2017 and became Minister of Defense in January 2015. MBS has also served as President of the Council for Economic and Development Affairs.
MBS has led many reforms including the removal of the ban on female drivers and regulations that restrict the powers of the religious police. MBS fight for women’s rights includes the first Saudi sports stadium admitting women, the first Saudi public concerts featuring a female singer, and an increased number of women in the workforce.
Mohammed bin Salman Wealth:
In 2015, Mohammed bin Salman spent $299 million to buy a large mansion in France called Chateau Louis XIV. In 2017 MBS purchased a superyacht called “Serene” for $500 million.
When asked about these purchases in an interview with CBS’ “60 Minutes”, MBS said that As far as his private expenses,he is a rich person and not a poor person. MBS further said ” I’m a member of the ruling family that existed for hundreds of years before the founding of Saudi Arabia.”
Mohammed bin Salman Biography:
| Born | 31 August 1985 (age 37) Riyadh, Saudi Arabia |
|---|---|
| Spouse | Sara bint Mashour Al Saud(m. 2008) |
| House | Saud |
| Father | Salman of Saudi Arabia |
| Mother | Fahda bint Falah Al Hithlain |
Mohammed bin Salman was born on 31st August, 1985 to then Prince Salman bin Abdulaziz and Fahda bint Falah Al Hithlain, who is Abdulaziz’s third wife.
Mohammed bin Salman is the eldest in his mother’s children and is the eight child and seventh son of his father’s. Bin Salman attended King Saud University where he received a bachelor’s degree in law.
Mohammed bin Salman Career:
After finishing his university studies, MBS worked for many years in the private sector before then becoming a private aide for his father. MBS started as a consultant for the Experts Commission, which coordinated with the Saudi Cabinet.
Bin Salman then became a political advisor to his father at the age of 24 when his father was working as the governor of Riyadh Province. Bin Salman continued rising through the ranks, moving from one position to another. When the Crown Prince Sultan bin Abdulaziz died, bin Salman’s father was more powerful and made his son his private advisor.
His father became the new crown prince after the death of Crown Prince Nayef bin Abdulaziz in June of 2012.
By 2015, MBS became the minister of defense. One of the first issues, MBS had to face in this position was the political unrest in Yemen. Due to lack of a coordinated effort from the Saudi Arabia departments, bin Salman was criticized by some, both within Saudi Arabia and the international community.
In 2017, bin Salman became the Crown Prince and was made heir presumptive to the throne. In May of 2017, MBS began a purge within the Saudi government and business world, warning that corruption would be detected and weeded out, even at the highest levels.
Some of the individuals who were arrested were billionaire and Saudi prince Al-Waleed bin Talal, head of the Saudi Arabian National Guard Mutaib bin Abdullah, and the Minister of Economy and Planning Abdel Fakeih.
Many of those arrested were subjected to the “night of beating” in which many were beaten and tied to walls as a torture tactic. Many international observers have criticized the harsh tactics, though some have described them as a reform tactic planned by MBS in an effort to bring the royal family and their connections under the rule of law in order to reduce corruption.
In general, MBS has been described as a nationalistic leader with a conservative attitude towards politics while having a more liberal stance towards economic and social issues. Bin Salman announced a strategic vision plan called Vision 2030 which aims to reform Saudi Arabia’s economy towards one that is more diversified and privatized.
MBS wants to move away from complete reliance on oil as the major driver of the economy and wants to attract investment in sectors like biotechnology, renewable energy, and robotics and advanced manufacturing.
One of the primary ways Bin Salman has done this is through the creation of Neom, a $500 billion economic zone that covers an area of 26,000 square kilometers along the coast of the Red Sea.
While focusing on diversification,MBS has also announced he does plan to restore and retain Saudi Arabia’s dominance in the global oil markets. Bin Salman has also spearheaded the high-speed railway line that connects Mecca and Medina, which started its commercial operations in October of 2018. MBS also announced a plan to build Saudi Arabia’s first nuclear reactor in November of 2018 with the goal of building 16 nuclear facilities in the next 20 years.
Domestically, he has focused on liberalizing parts of Saudi Arabian society. Bin Salman announced plans in April of 2017 to construct the world’s largest cultural, sports, and entertainment cities in Al Qiddiya.
Bin Salman also opened the first public cinema in the country in 2018 after a ban of 35 years. MBS has introduced various economic reforms and has announced a move away from the ultra-conservative Saudi Arabian state to one that is more moderate and tolerant of all religions of the world. At the same time, many human rights abuses, particularly regarding the treatment of women, have been reported in Saudi Arabia.
Mohammed bin Salman Controversies:
In November 2017 Bin Salman detained hundreds of wealthy and powerful men at the Ritz Carlton in Riyadh. Many of the detainees were princes and/or direct relatives of Mohammed. One of the detainees was bin Salman’s cousin, famed billionaire investor Prince Al-Waleed. The detainees were abused over their three month captivity and were not released until they reportedly handed over large portions of their personal wealth. They gave up land, cash, business stakes. Prince Al-Waleed allegedly gave up his $6 billion worth of assets to his cousin. Saudi authorities later claimed that they had recovered over $100 billion in assets.
Famous journalist Jamal Khashoggi was murdered in Oct 2018 in the Saudi consulate in Istanbul, Turkey by a 15-man hit squad flown in by private jet from Riyadh. Both incidents are generally believed to have been ordered by MBS personally.
Mohammed bin Salman Wife:
In April of 2008, bin Salman married his first cousin, Sara bint Mashour, the daughter of his uncle, Mashour bin Abdulaziz. The couple has had five children together.
Mohammed bin Salman Interesting Facts:
- Mohammed bin Salman has travelled extensively around the world, meeting with politicians, business leaders and celebrities,
- In June 2016, he travelled to Silicon Valley and met key people in the US high tech industry, including Facebook founder Mark Zuckerberg.
- In early 2018, he visited the United States, where he met with many politicians, business people and Hollywood stars, including then-President Trump, Bill and Hillary Clinton, Henry Kissinger, Michael Bloomberg, George W. Bush, George H. W. Bush, Bill Gates, Jeff Bezos, Oprah Winfrey, Rupert Murdoch, Richard Branson, Mayor Eric Garcetti of Los Angeles, Michael Douglas, Morgan Freeman, and Dwayne Johnson.
- Trump praised his relationship with MBS. The prince also visited the United Kingdom, where he met with Prime Minister Theresa May, Queen Elizabeth II and Prince William, Duke of Cambridge.
- On 25 December 2020, as part of the Saudi Arabian Ministry of Health’s national COVID-19 vaccination plan, bin Salman was shown receiving the vaccine in a video released by the Saudi Press Agency.
- In December 2020, bin Salman invested money into Take-Two Interactive, Electronic Arts, and Activision Blizzard through Saudi Arabia’s sovereign wealth fund. The investments amounted to 14.9 million shares in Activision Blizzard, 7.4 million shares in Electronic Arts, and 3.9 million shares in Take-Two Interactive.
- MBS has stated that he grew up playing video games.