Mohammed bin Salman, widely known as MBS, is the Crown Prince and de facto ruler of Saudi Arabia. With an estimated net worth of $5 billion, he ranks among the wealthiest royals in the world. His immense fortune stems from his position within the Saudi royal family, control over vast economic resources, and strategic investments.
Mohammed bin Salman Net Worth | $5 Billion |
Date of Birth | Aug 31, 1985 |
Place of Birth | Riyadh |
Wealth and Lavish Lifestyle
Mohammed bin Salman’s extravagant lifestyle has been the subject of global attention. In 2015, he acquired Chateau Louis XIV, a palatial estate in France, for $299 million. Two years later, he made headlines with the purchase of the superyacht “Serene” for an astonishing $500 million. One of his most controversial acquisitions was Leonardo da Vinci’s “Salvator Mundi,” which he reportedly bought for over $450 million, making it the most expensive painting ever sold.
When questioned about his opulent expenditures in a “60 Minutes” interview, MBS responded, “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.”
Mohammed bin Salman Source of Wealth
As the son of King Salman bin Abdulaziz, Mohammed bin Salman wields significant power over Saudi Arabia’s economic and political affairs. His fortune is deeply tied to the Kingdom’s vast oil reserves, controlled by the government-owned Saudi Aramco, one of the most valuable companies in the world. While his personal net worth is estimated at $5 billion, the broader wealth of the royal family is believed to be in the hundreds of billions.
Beyond oil wealth, MBS has spearheaded Vision 2030, an ambitious initiative aimed at diversifying Saudi Arabia’s economy. The plan includes major investments in technology, entertainment, tourism, and renewable energy. One of its flagship projects is Neom, a futuristic $500 billion economic city along the Red Sea designed to position Saudi Arabia as a global innovation hub.
Career and Rise to Power
Born on August 31, 1985, Mohammed bin Salman is the eldest son of Fahda bint Falah Al Hithlain, one of King Salman’s wives. After earning a law degree from King Saud University, he entered government service, initially serving as a consultant to the Experts Commission, a key advisory body to the Saudi Cabinet.
His political ascent accelerated when his father became King in 2015. At that point, MBS was appointed Minister of Defense and later became the First Deputy Prime Minister in 2017. His appointment as Crown Prince that same year solidified his status as the heir apparent to the Saudi throne.
As Crown Prince, he has implemented sweeping reforms, including lifting the ban on female drivers and curbing the authority of the religious police. His modernization efforts have extended to economic reforms, allowing women to enter the workforce and expanding entertainment opportunities, such as opening Saudi Arabia’s first public cinema in 35 years.
Controversies and Power Consolidation
Despite his progressive economic and social policies, Mohammed bin Salman has faced criticism for his authoritarian leadership style. In November 2017, he launched a dramatic anti-corruption purge, detaining over 300 wealthy individuals, including princes and business moguls, at the Ritz-Carlton in Riyadh. The detainees were reportedly forced to surrender large portions of their wealth, with authorities later claiming they had recovered $107 billion in assets.
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MBS has also been linked to the assassination of journalist Jamal Khashoggi in October 2018. The U.S. intelligence community concluded that the murder, which took place inside the Saudi consulate in Istanbul, was likely ordered by the Crown Prince. The incident drew widespread international condemnation, though MBS denied any direct involvement.
As Crown Prince, Mohammed bin Salman enjoys enormous financial influence and control over Saudi Arabia’s vast wealth. His personal fortune is substantial, but his access to the Kingdom’s financial resources makes his true financial power immeasurable. With Saudi Arabia’s economy at a crossroads and Vision 2030 in full swing, MBS remains one of the most powerful and wealthiest figures in global politics today.
Mohammed bin Salman Net Worth
Mohammed bin Salman net worth is $5 billion.
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