Mohammed bin Salman net worth: Mohammed bin Salman is the Crown Prince of Saudi Arabia and has a net worth of $5 billion. Mohammed bin Salman was born in Riyadh, Saudi Arabia in August 1985. His father is King Salman who became the King of Saudi Arabia and the Prime Minister of Saudi Arabia in January 2015. Mohammed bin Salman became the Crown Prince of Saudi Arabia and the First Deputy Prime Minister of Saudi Arabia in June 2017. He 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. Mohammed bin Salman has also served as President of the Council for Economic and Development Affairs. He has led many reforms including the removal of the ban on female drivers and regulations that restrict the powers of the religious police. His fight for women’s rights includes the first Saudi sports stadium admitting women, the first Saudi public concerts featuring a female singer, and an increase amount of women in the workforce.
In 2015, Mohammed bin Salman spent $299 million to acquire a large mansion in France called Chateau Louis XIV. In 2017 he purchased a superyacht called “Serene” for $500 million. When asked about these purchases in an interview with CBS’ “60 Minutes”, Mohammed replied:
“As far as my private expenses, I’m a rich person and not a poor person. I’m a member of the ruling family that existed for hundreds of years before the founding of Saudi Arabia.“
Controversies: In November 2017 Mohammed rounded up hundreds of extremely 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, who were reportedly abused over their three month captivity, were not released until they reportedly handed over large portions of their personal wealth. They relinquished land, cash and business stakes. Prince Al-Waleed allegedly handed over $6 billion worth of assets to his cousin. Saudi authorities would later claim that they had recovered $107 billion in assets.
In October 2018, journalist Jamal Khashoggi was murdered 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 Mohammed bin Salman personally.