Prince KHALED BIN SULTAN AL SAUD • Net Worth $10 Billion • Palace • Yacht • Private Jet • Saudi Arabia

Name:Khaled bin Sultan al Saud
Net Worth:$ 10 billion
Source of Wealth:Saudi Royal Family, founder of The Living Oceans Foundation
Born:September 24, 1949
Country:Saudi Arabia
Wife:Luluwah bint Fahd and Abeer bint Turki
Children:4 sons: Faisal, Fahd, Salman, Abdullah; 4 daughters: Halah, Reema, Mashai’l and Sarah
Residence:Makshaff Palace, Riyadh, Saudi Arabia
Private Jet:Boeing 767 (N767KS)
YachtGolden Odyssey

Who is Prince Khaled bin Sultan bin Abdulaziz al Saud?

Born into royalty in September 1949, Prince Khaled bin Sultan is a prominent figure in Saudi Arabia. The eldest son of the late Crown Prince Sultan bin Abdulaziz of Saudi Arabia, he has navigated both military and entrepreneurial pathways with equal prowess. Known for his dedication to his family, Prince Khaled has two wives, Luluwah bint Fahd and Abeer bint Turki, and is the father of 8 children.

Key Takeaways

  • Prince Khaled bin Sultan is the eldest son of the late Crown Prince Sultan bin Abdulaziz of Saudi Arabia.
  • He served as the Assistant Minister of Defense and Aviation of Saudi Arabia and was the Commander of the Joint Forces in the first Persian Gulf War.
  • He founded the Khaled bin Sultan Living Oceans Foundation, a non-profit dedicated to ocean conservation.
  • He owns the Golden Fleet of luxury superyachts, which supports the operations of the Living Oceans Foundation.
  • Prince Khaled’s father owned the yacht Al Salamah, one of the largest yachts in the world, which was later gifted to the Crown Prince of Bahrain.

His Role in Defense and Aviation

Prior to his focus on business ventures, Prince Khaled was an integral part of Saudi Arabia’s defense structure. He held the position of the Assistant Minister of Defense and Aviation, showcasing his commitment to the nation’s safety and technological advancements. His military prowess was highlighted during his tenure as Commander of the Joint Forces in the first Persian Gulf War. In 1991, he chose to retire from his military career to concentrate on his business interests.

Contributions to Environmental Conservation: The Living Oceans Foundation

With a strong commitment to environmental preservation, Prince Khaled established the Khaled bin Sultan Living Oceans Foundation in September 2000. This non-profit organization based in the United States devotes itself to applied environmental science, education, and outreach.
Through collaboration with local partners and governments, the Foundation works tirelessly to promote coral reef conservation. It signifies Prince Khaled’s deep concern for the well-being of the planet’s oceans and his dedication to restore their health.

Supporting Environmental Endeavors: The Golden Fleet

Prince Khaled’s dedication to oceanic conservation extends to his ownership of a series of luxury superyachts, collectively known as the Golden Fleet. Previously, the flagship of this magnificent collection was Golden Odyssey II, but it has since been replaced by the new Golden Odyssey.
The fleet, frequently voyaging across the world’s oceans, includes the support yacht Golden Shadow (66.75m) and the sport fishing vessel Golden Osprey (27.45m). The Golden Shadow is a remarkable logistical support vessel, boasting the capacity to carry a Cessna Caravan Amphibious aircraft.

The Legacy of the Yacht Al Salamah

Prince Khaled’s father, Prince Sultan, was the proud owner of the yacht Al Salamah. Known for its grand size, Al Salamah was amongst the largest yachts in the world by volume.
Following Prince Sultan’s death, the yacht was initially listed for sale at a staggering $280 million. However, the yacht was later gifted to Prince Salman bin Hamad bin Isa Al Khalifa, the Crown Prince of Bahrain, marking the end of an era for the legendary yacht.

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Yacht Golden Odyssey Owner

Prince Khaled bin Sultan al Saud

Yacht Golden Odyssey

He was the owner of the yacht Golden Odyssey.

The Golden Odyssey Yacht was initially built by Lurssen Yachts and designed by Martin Francis.

The luxury yacht spans 124 meters in length and houses up to 36 guests and 76 crew and staff.

In the Paradise Papers, leaked documents revealed offshore investments, and it was disclosed that the Prince owned the yacht through a Bermudan offshore company named Actaeon Shipping Ltd. Unfortunately, due to defaulting on a loan that used the yacht as collateral, the Golden Odyssey was seized and auctioned in Malta.

Following these events, the yacht was acquired by a new owner, a Chinese billionaire, reputed for his discerning taste in yacht design and construction.