| Name: | Prince Muqrin bin Abdulaziz |
| Net Worth: | US$ 1 billion |
| Source of Wealth: | Former Crown Prince of Saudi Arabia |
| Born: | September 15, 1945 |
| Age: | |
| Country: | Saudi Arabia |
| Wife: | Abta bint Hamoud Al Rashid |
| Children: | 14 |
| Residence: | Riyadh |
| Private Jet: | (HZ-HM1) Boeing 747 |
| Yacht: | Solandge |
| Sportfisher Yacht: | SPECIAL ONE |
Prince Muqrin is the former Crown Prince of Saudi Arabia. He was born on September 15, 1945. He is married to Abta bint Hamoud Al Rashid.
He is the youngest surviving son of King Abdulaziz of Saudi Arabia and for 3 months he was Crown Prince of Saudi Arabia in 2015.
In 2014 he was named Deputy Drown Prince, making him second in the line of succession behind his brother King Salman bin Abdulaziz. In 2015, upon King Abdullah’s death and the accession of Salman, Muqrin became Crown Prince and first deputy prime minister. Only three months later King Salman replaced Muqrin with Prince Muhammad bin Nayef. We were told he received the yacht Solandge as a gift.
Prince Muqrin has been Governor of the Ha’il Province and the Medina Province. And he has been director general of Saudi Arabia’s intelligence agency Al Mukhabarat Al A’amah.
During his position as Governor of the Ha’il Province, he founded the Hail Agricultural Development Company, which became the largest wheat producer in Saudi Arabia.
He is married to Abta bint Hamoud Al Rashid. She was president of the Women’s Council when he was Governor of Medina.
They have 14 children.
His net worth is estimated at $1 billion. The assets of the Saudi royal family are vast and varied, and it’s difficult to estimate their total worth. The Saudi royal family, also known as the House of Saud, has control over the country’s oil reserves, which are the largest in the world. As a result, the family’s wealth is closely tied to the value of Saudi Arabia’s oil industry. In addition to oil, the Saudi royal family has investments in a wide range of industries, including real estate, finance, and telecommunications. Some of the family’s most valuable assets include: Saudi Aramco: The state-owned oil company is the world’s largest oil producer and is estimated to be worth over $2 trillion. Investment companies: The Saudi royal family has investments in several large investment companies, including Kingdom Holding Company, which is run by Prince Alwaleed bin Talal, and Fawaz Alhokair Group. Real estate: The family owns a significant amount of real estate both in Saudi Arabia and abroad, including high-end hotels and luxury properties.
Art and antiques: The Saudi royal family has a significant collection of art and antiques, including works by famous artists such as Picasso and Van Gogh. Private jets and yachts: The family owns a fleet of private jets and yachts, which are used for both personal and business purposes. Overall, the Saudi royal family’s wealth is estimated to be in the hundreds of billions of dollars, making them one of the wealthiest families in the world.
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He lives in a large Palace near the Al-Yamama Palace in Riyadh. Al-Yamama is the official residence of the King of Saudi Arabia. Do you know more about his palace? Please do send us a message.
Al-Yamamah Palace is a royal palace located in the capital city of Saudi Arabia, Riyadh. It is one of the many residences owned by the Saudi royal family and is often used for official events and state occasions.
The palace was constructed in the early 1930s and was initially used as a residence for King Abdulaziz Al Saud, the founder of modern Saudi Arabia. Over the years, the palace has been expanded and renovated several times to accommodate the needs of the royal family.
Today, Al-Yamamah Palace is an impressive complex that covers an area of over 4 million square meters. It features numerous buildings, gardens, and recreational areas, including a private zoo and an equestrian center.
In addition to its use as a royal residence, Al-Yamamah Palace is also used for official functions, including state visits and important ceremonies. The palace is equipped with state-of-the-art facilities, including meeting rooms, banquet halls, and conference centers, making it an ideal location for large-scale events.
He is the owner of the yacht Solandge. It was gifted to him, when he was replaced as Crown Prince.
The Solandge measures an impressive 85 meters (279 feet) in length and was built by the esteemed German shipyard Lürssen. With a distinctive exterior design by Espen Øino and a luxurious interior by Aileen Rodriguez, this majestic yacht combines style, sophistication, and state-of-the-art technology.
Among the Solandge’s numerous amenities, guests can indulge in a spacious beach club, a spa, a gym, a sauna, a steam room, and a stunning glass-bottom pool. Additionally, the yacht features an outdoor cinema, a fully-equipped bar, and various al fresco dining options, creating an idyllic environment for relaxation and entertainment.
He also owns the yacht SPECIAL ONE, a 2024 sportfisher built by Royal Huisman.
He has access to Saudi Arabia’s royal fleet of Boeing 747 BBJ private jets.
The Boeing 747 BBJ (Boeing Business Jet) is a luxury private jet that is based on the popular Boeing 747 commercial airliner. The BBJ is designed to provide an exceptional level of comfort and convenience for its passengers, and it features a range of high-end amenities and custom-designed interiors.
Some of the key features of the Boeing 747 BBJ include private bedrooms, dining rooms, conference rooms, and entertainment systems, as well as advanced communication and navigation systems. The jet is also equipped with a range of state-of-the-art safety and security features, making it one of the safest and most secure private jets available.
In terms of performance, the Boeing 747 BBJ has a range of up to 8,000 nautical miles, which allows it to fly non-stop on long-haul flights. The jet also features a large cabin and spacious interiors, making it ideal for large groups of passengers or for those who require extra space and comfort.
The cost of a Boeing 747 BBJ can vary depending on the specific specifications and features, but it is typically in the range of $200 million to $300 million.
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