King Salman of Saudia Arabia – Net Worth $ 18 Billion – Owner of the Yacht Tueq

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
Spouse: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

Who is King Salman of Saudia Arabia?

Salman bin Abdulaziz Al Saud is the King of Saudi Arabia. He was previously Crown Prince and Minister of Defense. King Salman is the 25th son of the late King Abdulaziz and a member of the Sudairi Seven.

He was born in 1935 and was raised in Murabba Palace in Riyadh. The complex of palaces was built in order of King Abdulaziz.

Governor of Riyadh

Salman bin Abdulaziz was governor of Riyadh Province, until the death of his brother Crown Prince Sultan in 2011.

Prince Salman was then appointed Minister of Defense and named as a member of the National Security Council.

In 2012 Prince Salman was appointed the Crown Prince of Saudi Arabia after the death of his brother Nayef bin Abdulaziz.

King of Saudi Arabia

And in 2015 he became King when his half-brother King Abdullah died. Salman and his family are shareholders in the Saudi Research and Marketing Group which publishes daily papers as Arab News and Asharq Al-Awsat.

In 1985 the second son of the King, Prince Sultan bin Salman became the first person of royal blood, the first Arab, and the first Muslim to fly in outer space aboard the Space Shuttle Discovery. More about the King here.

Salman is now King and Prime Minister of Saudi Arabia and Custodian of the Two Holy Mosques. The King and his son Mohammed have led many reforms in Saudi Arabia, including a decree which allows Saudi women to drive cars.

Panama Papers

In an April 2016 report, known as the Panama Papers, it was disclosed that the Saudi King is the ‘principal user’ of a motor yacht named Erga.

We do not think that this information is correct, but the name Erga could be a code name. The King owns a Palace in Riyad named Erga. But we do not think a yacht named Erga exists. It is public knowledge that Salman personally owns the yacht Tueq since 2002.

Crown Prince Mohammed

His son Mohammed bin Salman is the current Crown Prince of Saudi Arabia. Mohammed – often referred to by his initials MBS – is the owner of the yachts Lightning and Serene.

He purchased the yachts in 2014 and 2015 and send them both to Damen in the Netherlands for a refit.

MBS is a very influential figure in the Middle East.

Prince Mohammed bin Salman was linked by Turkey to the disappearance of the Saudi journalist Jamal Khashoggi in 2018. But the Saudi government denied his involvement. The situation created tension in the Royal Court.

King Salman Net Worth

Not much is known about his net worth. But some sources estimate an amount of US$ 18 billion. He is one of the richest royals in the world.

Yacht Tueq Owner

King Salman of Saudi Arabia

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King Salman of Saudia Arabia House

King Salman of Saudia Arabia Yacht

He is the owner of the yacht Tueq.