Mohammed Bin Salman Net Worth, Early Life, Personal Life, Official Responsibilities and Many More

MBS

Deputy Prime Minister, and Defense Minister of Saudi Arabia, Mohammed bin Salman Al Saud (abbreviated to MBS), is a Saudi Arabian Crown Prince. Chairman of the Council for Economic and Development Affairs, he also serves as the chairman of the Council of Political and Security Affairs. King Salman’s seventh child and the eldest of King Salman’s third wife Fahda bint Falah Al Hithlain’s six children. Mohammed bin Salman, the son of Saudi Arabia’s de facto monarch, is in charge of his father’s government.

Net Worth

The five-billion-dollar fortune of Mohammed bin Salman is well-known. He is the de facto ruler of Saudi Arabia and the eighth child of King Salman bin Abdulaziz. He is known as “MBS” and served as Saudi Arabia’s deputy prime minister and defense minister.

Early Life and Childhood

Prince Salman bin Abdulaziz and Fahda bint Falah Al Hithlain, Abdulaziz’s third wife, welcomed their son Mohammed bin Salman on August 31, 1985. According to his father’s family tree, Mohammed bin Salman is the seventh of eight children. A bachelor’s degree in law was earned at King Saud University, where he was a student. Mohammed’s interest in politics began at a young age when he would follow his father about and worry about his public image. Along the way, he honed his public speaking and diplomatic skills while also avoiding embarrassing gaffes.

Saudi prince's plan for Neom, a floating Silicon Valley in the desert | Fortune

In 2007, he received a bachelor’s degree in law from King Saud University in Riyadh, Saudi Arabia. Later, he launched a number of businesses and a non-profit organisation to encourage entrepreneurial activity in the Kingdom. When his father was governor of Riyadh in 2009, he became an official adviser to him. Mohammed, Salman’s trusted son, grew in stature and prominence alongside his father, eventually becoming crown prince in 2012.

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Personal Life

Bin Salman married Sara bint Mashour, the niece of his uncle Mashour bin Abdulaziz, in April of that year. Five children were born to the couple during their time together. Bin Salman enjoys spending large sums of money on fancy properties, yachts, and art. Serene,” an Italian-built yacht, was purchased by him in 2015 from the Russian vodka mogul and billionaire Yuri Shefler. In the same year, he also acquired France’s, Chateau Louis XIV. 

Leonardo da Vinci’s “Salvator Mundi,” purchased for almost $450 million in December 2017, set a new record in art sales. However, many sources have denied the sale, and the painting’s whereabouts remain a mystery. Bin Salman has advocated Saudi Arabia’s interests to a wide range of high-profile personalities, including politicians, entertainers, and business executives, on a global scale. Mark Zuckerburg, Michael Bloomberg, Morgan Freeman, Queen Elizabeth II, and several American presidents and first ladies have all met with him throughout his career.

Career and Official Responsibilities

After completing his academic education, bin Salman worked in the private sector for a number of years before becoming his father’s personal aide. For the Saudi Cabinet’s Expert Commission, he worked as a consultant. His father, the governor of Riyadh Province, hired him as an advisor at the age of 24. He kept climbing up the ranks, taking on new responsibilities. As a result of the death of Crown Prince Sultan bin Abdulaziz, bin Salman’s father grew more influential and appointed him as his personal advisor. 

Crown Prince Nayef bin Abdulaziz died in June 2012, and his father became the next crown prince. As of 2015, bin Salman was the defense minister of the Kingdom of Saudi Arabia. In his new role, he was forced to deal with the political instability in Yemen, which was one of his first challenges. A lack of coordination across Saudi Arabia’s various departments has led to some criticism of bin Salman, both internally in Saudi Arabia and internationally.

Mohammed Bin Salman, Reformist Prince Who Has Shaken Saudi Arabia

Bin Salman was named Crown Prince and heir presumptive to the Kingdom of Saudi Arabia in 2017. When bin Salman launched his purging of the Saudi government and business in May 2017, he warned that corruption would be found and eradicated even at the highest levels of government. Al-Waleed bin Talal, the billionaire Saudi prince; Mutaib bin Abdullah, the director of the Saudi Arabian National Guard; and Abdel Fakeih, the economy, and planning minister, were among those detained.

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Many of those detained were tortured during the “night of beatings,” which involved beatings and tying them to walls. There has been much criticism from international observers of bin Salman’s tough tactics, which some have characterized as a reform strategy aimed at reducing corruption within the royal family and its links. A nationalist with a conservative political outlook, bin Salman has been labeled as more liberal when it comes to economic and social concerns. 

Saudi Arabia’s economy will be reformed and privatized as part of a strategic strategy called Vision 2030. Bin Salman seeks to diversify Saudi Arabia’s economy away from its reliance on oil and toward fields such as biotechnology, renewable energy, robots, and other cutting-edge industry. The development of Neom, a $500 billion economic zone that covers 26,000 square kilometers along the Red Sea coast, is one of the key ways he has accomplished this.

Saudi crown prince to head to Egypt, Jordan before visit to Turkey | The Times of Israel

Bin Salman has stated that he intends to restore and maintain Saudi Arabia’s position as the world’s leading oil exporter, even as he focuses on diversification. High-speed rail service between Mecca and Medina commenced commercial operations in October this year, spearheaded by him. A nuclear reactor for Saudi Arabia will be built in November 2018 as part of a 20-year plan proposed by Crown Prince Mohammed bin Salman.

Saudi Arabian society has been liberalized by bin Salman’s efforts domestically. Plans to build the world’s largest cultural, sports, and entertainment towns were unveiled by him in April of 2017, and he has been working on them ever since. After a 35-year ban, he also launched the country’s first public cinema in 2018. Many economic reforms have been made under his leadership, and the Saudi Arabian state has been seen as a more moderate and open to people of all religions since he took office. There have been numerous human rights violations, particularly in the treatment of women, reported in Saudi Arabia.

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Scandals

At the Ritz-Carlton in Riyadh in November 2017, Mohammed ambushed hundreds of extraordinarily affluent and influential guys. As a result, many of those detained were princes and immediate relatives of Mohammed. In addition to bin Salman’s cousin Prince Al-Waleed, one of the inmates was a well-known millionaire investor. After three months of alleged maltreatment, the inmates were not released until they reportedly turned over substantial sums of money. 

They gave up land, money, and economic interests. According to reports, Prince Al-Waleed transferred $6 billion in assets to his cousin. According to the Saudi government, $107 billion in assets has been seized from the country. A 15-person assassination squad dispatched from Riyadh by private plane assassinated journalist Jamal Khashoggi in the Saudi consulate in Istanbul, Turkey, on October 2, 2018. Almost universally, the public believes that Mohammed bin Salman ordered both events.

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