Mohammed Bin Salman net worth has skyrocketed in recent years, fueled by major projects like Vision 2030 and strategic investments in diverse sectors.
As the de facto ruler of Saudi Arabia, he holds influence over many aspects of the country’s economy, from oil to technology.
In this article, Andomoney, will dive deep into the key factors behind his wealth, focusing on his investments and financial ventures that have shaped his net worth in 2024.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Mohammed bin Salman Al Saud |
| Popular Name | MBS |
| Gender | Male |
| Birth Date | August 31, 1985 |
| Age | 39 |
| Parents | King Salman bin Abdulaziz, Fahda bint Falah Al Hithlain |
| Siblings | Hassa bint Salman Al Saud, Saud Bin Salman Al Saud, more |
| Birthplace | Riyadh, Saudi Arabia |
| Nationality | Saudi Arabian |
| Ethnicity | Arab |
| Education | Bachelor’s Degree in Law, King Saud University |
| Marital Status | Married |
| Spouse | Sara bint Mashour Al Saud (m. 2008) |
| Children | Nora Bint Mohammad Bin Salman Al Saud, Salman Bin Mohammad Bin Salman Al Saud, Fahdah Bint Mohammad Bin Salman Al Saud, Mashour bin Mohammed bin Salman Al Saud |
| Dating | N/A |
| Net Worth | $5 billion |
| Source of Wealth | Oil, Investments, Royal Family Inheritance |
| Height | 6 ft 0 in (1.83 m) |
What is the Net Worth Of Mohammed Bin Salman in 2024?
As of 2024, Mohammed Bin Salman’s net worth stands at an impressive $5 billion, largely fueled by his strategic involvement in major projects like Vision 2030 and investments in Saudi Aramco.
Compared to other key figures, MBS’s wealth reflects his influence over Saudi Arabia’s vast oil reserves and his efforts to diversify the economy through future-forward sectors.
Here are some notable figures related to Mohammed Bin Salman:
- Saudi Aramco
- King Salman
- Prince Al-Waleed bin Talal
- NEOM project
- Serene yacht
- Crown Prince Nayef
- Jamal Khashoggi
- Vision 2030
For more details on influential leaders, check out the richest political figures in the world.
Mohammed Bin Salman Salary and Finance Overview
His Key Projects and Investments
Mohammed Bin Salman has played an active role in developing NEOM, a futuristic city intended to diversify Saudi Arabia’s economy away from oil. This $500 billion project is one of his most ambitious investments.
Through initiatives like these, MBS continues to ensure his financial power grows, while also positioning Saudi Arabia as a leader in the global tech and tourism markets.
His commitment to Vision 2030 is evident in his push for technological innovation and sustainable projects, which have attracted global attention and investments.
Impact of Vision 2030 on His Wealth
As the architect of Vision 2030, MBS has focused on reducing Saudi Arabia’s dependency on oil by investing in other industries like technology, tourism, and biotechnology.
His influence over Saudi Aramco has not diminished, as he ensures the Kingdom remains a key player in the global oil market. By pushing for privatization, including the IPO of Saudi Aramco, he has secured a significant portion of his wealth from these sectors.
His leadership in economic reforms has also resulted in international partnerships, boosting Saudi Arabia’s standing in the global market.
Properties and Luxury Assets He Owns
Among his luxury assets, Chateau Louis XIV and the Serene yacht stand out. These high-profile purchases not only symbolize his personal wealth but also his taste for the extravagant.
He has made headlines for acquiring Leonardo da Vinci’s “Salvator Mundi” for over $450 million, further demonstrating his spending power and his appreciation for art and culture.
These acquisitions have solidified his status as one of the wealthiest royals, drawing attention to his influence in both financial and cultural circles.
His Role in Saudi Arabia’s Oil Industry
Although Vision 2030 emphasizes diversification, MBS remains deeply involved in Saudi Arabia’s oil industry. His leadership over Saudi Aramco, the world’s most profitable oil company, is central to his wealth.
MBS has ensured Saudi Arabia maintains its dominance in oil production while also focusing on expanding into renewable energy sources.
By balancing his investments in both traditional and modern energy sectors, MBS continues to secure his financial empire.
Achievements in Social and Economic Reforms
MBS has been instrumental in driving social reforms, such as lifting the ban on women drivers and weakening the male-guardianship system. These changes have increased the number of women in the workforce and opened Saudi Arabia to more foreign investments.
Through these reforms, MBS has positioned himself as a modernizing force in Saudi society, which indirectly boosts the Kingdom’s economy.
Foreign Relations and Strategic Partnerships
MBS has also strengthened Saudi Arabia’s foreign relations, particularly with Russia, China, and other emerging economies. These strategic alliances have not only enhanced Saudi Arabia’s global influence but have also attracted significant foreign investments.
By forming strong diplomatic and economic ties, MBS ensures that Saudi Arabia, and by extension his wealth, continues to grow.
His Leadership and the Anti-Corruption Campaign
In 2017, MBS launched an anti-corruption campaign, targeting high-profile figures within Saudi Arabia’s political and business sectors. The seizure of $107 billion in assets from this purge further consolidated his control over the Kingdom’s wealth.
This campaign showcased his determination to tackle corruption while simultaneously boosting the financial strength of his administration.
Real Estate and Personal Expenses
MBS’s spending habits have drawn global attention. His purchase of the Serene yacht for $500 million and the Chateau Louis XIV for $299 million reflect his immense personal wealth.
Despite criticisms, MBS has openly stated that his personal expenses are justified, considering his family’s historical significance and financial standing.
These purchases, coupled with his extravagant lifestyle, highlight the financial power that he wields as Saudi Arabia’s Crown Prince.
FAQs about Mohammed Bin Salman
How did Mohammed Bin Salman become Crown Prince?
He was appointed Crown Prince in 2017 after his father, King Salman, deposed the previous heir, Crown Prince Nayef.
What is his role in Vision 2030?
He is the architect of Vision 2030, which aims to diversify Saudi Arabia’s economy and reduce its dependency on oil.
What are his luxury assets?
His notable assets include the Chateau Louis XIV and the Serene yacht, as well as Salvator Mundi, a painting by Leonardo da Vinci.
What social reforms has he introduced?
MBS introduced reforms like lifting the ban on women drivers and weakening the male-guardianship system.
What foreign relationships has he strengthened?
He has focused on strengthening ties with Russia, China, and other emerging economies to attract foreign investments.
How did the anti-corruption campaign impact his wealth?
The campaign, which seized over $107 billion in assets, consolidated his financial and political control in Saudi Arabia.
What is his influence over the oil industry?
As the leader of Saudi Aramco, he plays a key role in maintaining Saudi Arabia’s dominance in the global oil market.
What is his educational background?
He holds a Bachelor’s Degree in Law from King Saud University.
Conclusion
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