| Name: | King Salman of Saudia Arabia |
| Net Worth: | US$ 18 billion |
| Source of Wealth: | King of Saudia Arabia |
| Born: | December 31, 1935 |
| Country: | Saudi Arabia |
| Wife: | Sultana Bint Turki Al Sudiari and 3 more |
| Children: | Mohammad Bin Salman Al Saud and 12 mor |
| Residence: | Al-Yamama Palace, Riyadh, Saudi Arabia |
| Private Jet: | (HZ-HM1) Boeing 747 |
| Yacht: | Tueq |
Salman bin Abdulaziz Al Saud is the esteemed King of Saudi Arabia. His remarkable journey in leadership includes serving as the Crown Prince and Minister of Defense. King Salman holds the distinction of being the 25th son of the late King Abdulaziz and is a proud member of the Sudairi Seven.
Born in the year 1935, King Salman spent his formative years in the regal Murabba Palace in the vibrant city of Riyadh. This sprawling complex of palaces was constructed under the directive of the visionary King Abdulaziz.
Prior to his ascension to the throne, Salman bin Abdulaziz held the esteemed position of governor of Riyadh Province. It was a role he fulfilled with dedication and distinction until the untimely passing of his brother, Crown Prince Sultan, in 2011.
Subsequently, Prince Salman was entrusted with the crucial role of Minister of Defense and was appointed as a member of the National Security Council, underscoring his vital contributions to the nation’s security and stability. In 2012, Prince Salman assumed the role of Crown Prince of Saudi Arabia, following the passing of his brother, Nayef bin Abdulaziz.
The year 2015 marked a pivotal moment in Saudi Arabia’s history as Salman bin Abdulaziz ascended to the throne, assuming the responsibilities of kingship upon the passing of his half-brother, King Abdullah. Under his reign, King Salman, along with his dedicated family, plays a pivotal role in the Saudi Research and Marketing Group, which oversees the publication of esteemed daily newspapers like Arab News and Asharq Al-Awsat.
In a remarkable milestone for the Al Saud family, in 1985, King Salman’s second son, Prince Sultan bin Salman, achieved the distinction of becoming the first person of royal lineage, the first Arab, and the first Muslim to venture into outer space, as he embarked on a historic mission aboard the Space Shuttle Discovery.
Today, Salman bin Abdulaziz reigns as the King and Prime Minister of Saudi Arabia, and he carries the prestigious title of Custodian of the Two Holy Mosques. Together with his son, Mohammed, King Salman has spearheaded a series of transformative reforms within Saudi Arabia, including the landmark decree allowing Saudi women the freedom to drive cars.
In the wake of the April 2016 release of the Panama Papers, revelations surfaced about King Salman’s alleged connection to a motor yacht named Erga. However, there is speculation that this information may not be entirely accurate, with Erga potentially being a code name. Notably, King Salman has long been associated with the ownership of the yacht Tueq, a vessel he personally acquired back in 2002.
As the current Crown Prince of Saudi Arabia, Mohammed bin Salman, often referred to by his initials MBS, stands as a prominent figure in the nation. Beyond his role in governance, MBS is renowned as the proud owner of two illustrious yachts: Lightning and Serene. These magnificent vessels, acquired in 2014 and 2015 respectively, underwent thorough refits at Damen in the Netherlands, exemplifying the commitment to excellence associated with the Saudi leadership.
Mohammed bin Salman’s influence extends far and wide across the Middle East, solidifying his stature as a key figure in regional affairs. However, his involvement was also mired in controversy when he was linked, by Turkish authorities, to the disappearance of the Saudi journalist Jamal Khashoggi in 2018. The Saudi government vehemently denied his involvement, but the incident strained diplomatic relations and created tension within the Royal Court.
While the precise net worth of King Salman remains shrouded in secrecy, some sources have ventured to estimate it at a staggering $18 billion. This places him among the ranks of the world’s wealthiest royals, underscoring the significant financial resources at his disposal.
It’s important to note that the Royal Family of Saudi Arabia collectively represents one of the most financially formidable dynasties globally. Their extensive portfolio spans an array of assets and investments, encompassing real estate, energy, construction, media, and various other sectors. Notably, the family maintains ownership of prestigious high-end hotels, including the iconic George V in Paris and the historic Plaza in New York City. Additionally, they wield substantial influence over a multitude of large multinational corporations.
Beyond these holdings, the Royal Family exerts control over substantial portions of Saudi Arabia’s land and resources, including valuable oil reserves. They play a pivotal role in shaping the nation’s policies and have undertaken extensive investments in diverse infrastructure projects aimed at modernizing and diversifying the Saudi Arabian economy.
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The King owns several Palaces in Saudi Arabia, but also in other parts of the world. It is said that Al-Yamama Palace in Riyadh is his official residence.
He also used the Al-Auja Palace in Riyadh as a more private palace.
Al-Auja Palace is a royal palace located in the Al-Auja district of the city of Jeddah, Saudi Arabia. The palace is the residence of the King of Saudi Arabia and is considered one of the most important buildings in the country.
The palace was originally built in the 1920s and has undergone several renovations and expansions over the years. It is known for its impressive architecture, beautiful gardens, and luxurious interiors, and is considered one of the most significant examples of traditional Arabian architecture.
The Al-Auja Palace is not open to the public and is considered a private residence for the royal family. However, the palace is surrounded by large, well-manicured grounds and is a popular tourist attraction in the city. Visitors are able to admire the palace from a distance and take in its stunning architecture and lush surroundings.
And he uses Erga Palace in Riyadh as an official palace for state visits. Also, the Royal State Palace in Jeddah is used for official ceremonies.
The Royal Family also owns summer palaces in Agadir, Morocco, and near Antibes in France.
He is the owner of the yacht Tueq. We were told he is also the owner of the yacht Al Salamah, which was built for his brother Prince Sultan.
The yacht Tueq was built by Van Der Giessen in 2006. She is designed by Michael Leach Design. Tueq was originally 72 meters, but was lengthened by 6 meter in 2006.
The motor yacht is powered by Wärtsilä engines. Her max speed is 19 knots. Her cruising speed is 12 knots. She has a range of more than 3000 nm.
The luxury yacht can accommodate 30 guests and a crew of 21. The yacht is managed by Private Sea Projects.
The King uses a Boeing 747 as a private jet. He actually has several jets available. He is often seen flying the HZ-HM1, the HZ-HM1A, and the HZ-HM1B.
The HZ-HM1 was built in 2001. The HZ-HM1A is relatively old (1983) and the HZ-HM1B is even older (1979). There are also a few Airbus planes in the Royal Flight and at least 2 Boeing 747 freighter planes.
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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