PRINCE MOHAMMED BIN SALMAN • Net Worth $10 Billion • Palace • Yacht • Private Jet • MBS

Crown Prince Mohammed bin Salman (MBS)

Crown Prince Mohammed bin Salman (MBS)

Name:Crown Prince Mohammed bin Salman (MBS)
Net Worth:$10 billion
Source of Wealth:Crown Prince Of Saudi Arabia
Born:August 31, 1985
Country:Saudi Arabia
Wife:Sara bint Mashoor bin Abdulaziz Al Saud
Residence:Al Yamamah Palace, Riyadh, Saudi Arabia
Private Jet:Boeing 747 BBJ (HZ-HM1)
Yacht:Pegasus VIII
Yacht (2):Serene

Introduction to Prince Mohammed bin Salman

Renowned as the Crown Prince of Saudi Arabia, Prince Mohammed bin Salman has steadily risen to become a central figure in Saudi government and a key player in Middle Eastern affairs. Born in 1985, the son of King Salman of Saudi Arabia, he took the mantle of defense minister at an early age, marking him as the world’s youngest in this position. Known widely as the architect of Vision 2030, Prince Mohammed aims to diversify Saudi Arabia’s economy and reduce the country’s reliance on oil.

Key Takeaways

  • Prince Mohammed bin Salman, the Crown Prince of Saudi Arabia, is one of the most influential figures in the Middle East, known for being the architect of Vision 2030.
  • He is the world’s youngest defense minister and has played a key role in many major policy decisions within the Saudi government.
  • Prince Mohammed is a dedicated philanthropist, having founded the Prince Mohammed bin Salman Foundation (MISK), which aims to help young Saudis in a variety of fields.
  • His estimated net worth ranges between $1 billion and $10 billion, making him one of the wealthiest people globally.
  • He owns the Pegasus and Serene yachts, highlighting his taste for luxury.
  • Prince Mohammed secured Leonardo da Vinci’s Salvator Mundi painting in 2017 for US$ 450 million.
  • He is the owner of the yachts Pegasus VIII and Serene.

Influence in the Middle East and Beyond

Being the youngest defense minister globally, Prince Mohammed has used his influential role to shape major policy decisions and strengthen Saudi Arabia’s strategic ties, notably with the Trump White House. Prince Mohammed’s close relationship with Jared Kushner, President Trump’s son-in-law, has further cemented his place as a pivotal figure in Middle Eastern politics.

Philanthropic Efforts

Apart from his political role, Prince Mohammed is a generous philanthropist. He founded the Prince Mohammed bin Salman Foundation, also known as MISK, aiming to foster young Saudis’ growth in diverse fields, from business and science to literature and culture. He also presides over the King Salman Youth Center, an initiative by King Salman Bin Abdulaziz to empower and support Saudi youth.

Mohammed bin Salman Net Worth

Prince Mohammed net worth is estimated to be between $1 billion and $10 billion, with wealth amassed from investments spanning real estate, technology, and media companies. This estimate, though undisclosed, ranks him among the world’s wealthiest individuals. His investment portfolio reflects a keen eye for diverse sectors, including oil, media, real estate, and technology.

Ownership of Luxury Yachts

The Crown Prince’s love for luxury is no secret, and this is evident in his ownership of the renowned yacht, Pegasus, since 2014, and the acquisition of Yuri Shefler’s yacht Serene in 2015. Built by Fincantieri, Serene is one of the world’s largest yachts, boasting amenities like a spa, gym, movie theater, indoor climbing wall, an on-board helicopter, and a submarine. Both Serene and Pegasus underwent refits in the Netherlands in 2016.

Purchase of a Historic Painting

In 2017, Prince Mohammed secured Leonardo da Vinci’s famous painting, Salvator Mundi, for a staggering US$ 450 million. Interestingly, he was in a bidding war with Sheikh Mansour al Nahyan, a member of the United Arab Emirates’ Royal Family. Sheikh Mansour later gifted his yacht Topaz to Prince Mohammed, compensating for the increased price of the artwork.

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Crown Prince Mohammed bin Salman (MBS)

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Mohammed bin Salman (MBS) Yacht

He is the owner of the motor yacht Pegasus VIII.  The superyacht was built as Princess Mariana for Mexican billionaire Carlos Peralta.

Later, she was purchased by California-based construction tycoon Ronald Tutor. He named her Pegasus V.

Pegasus VIII, originally known as Princess Mariana, was built for Mexican billionaire Carlos Peralta by Royal Denship in 2002.

The yacht boasts a steel hull and aluminum superstructure, with twin Deutz engines that allow it to sail at a top speed of 18 knots and a cruising speed of 16 knots.

Designed by Espen Oeino and with interiors by Zuretti, Pegasus VIII is renowned for its luxurious features, including a float-in dry dock that transforms into a 12-meter swimming pool.

In 2015 Prince Mohammed also bought Yuri Shefler’s yacht Serene. In October 2016 both Pegasus and Serene were in Vlissingen, the Netherlands for a refit.