Mohammed bin Salman Net Worth 2023: Mohammed bin Salman is the man behind public investment Fund(PIF), current ownership of NewCastle United football club. In this article, we will be bringing to you Mohammed bin Salman net worth plus the amount he paid to take over the Premier League club.
Mohammed bin Salman Net worth Profile
|Mohammed bin Salman Net Worth||$18 billion|
|Full name||Mohammed bin Salman bin Abdulaziz bin Abdul Rahman|
|Date of birth||31 August 1985|
|Father||King Salman bin Abdulaziz|
Fahda bint Falah Al Hithlain
Princess Sara bint Mashour
Bin Salman is the eldest among his mother’s six children and is the eighth child and seventh son of his father. His full siblings include Turki bin Salman and Khalid bin Salman. Prince Mohammed holds a bachelor’s degree in law from King Saud University.
Mohammed bin Salman Al Saud was born on 31 August 1985 to Prince Salman bin Abdulaziz and his third spouse, Fahda bint Falah Al Hithlain.
Bin Salman is the eldest among his mother’s children and is the eighth child and seventh son of his father; his full siblings include Turki bin Salman, former chairman of the Saudi Research and Marketing Group, and Khalid bin Salman. Prince Mohammed holds a bachelor’s degree in law from King Saud University. Read Richest Presidents in the world
After graduating from college, bin Salman spent several years in the private sector before becoming a personal aide to his father. He worked as a consultant for the Experts Commission, working for the Saudi Cabinet
On 15 December 2009, at the age of 24, he entered politics as a special advisor to his father when the latter was the governor of Riyadh Province.
At this time bin Salman began to rise from one position to another, such as secretary-general of the Riyadh Competitive Council, special advisor to the chairman of the board for the King Abdulaziz Foundation for Research and Archives, and a member of the board of trustees for Albir Society in the Riyadh region.
In October 2011, Crown Prince Sultan bin Abdulaziz died. Prince Salman began his ascent to power by becoming Second Deputy Prime Minister and Minister of Defence. He made his son Mohammed his private advisor.
Mohammed Bin Salman net worth 2023 is $18 billion making him one of the richest football club owners in the world
In June 2012, Crown Prince Nayef bin Abdulaziz died and bin Salman moved up into the number two position in the hierarchy, as his father became the new crown prince and first deputy prime minister. He soon began remaking the court in his own image.
On 2 March 2013, the chief of the Crown Prince court, Prince Saud bin Nayef, was appointed governor of the Eastern Province and bin Salman succeeded him in the post. He was also given the rank of minister. On 25 April 2014, bin Salman was appointed state minister.
Minister of Defence
On 23 January 2015, King Abdullah died and Salman ascended the throne. Bin Salman was appointed minister of defence and secretary general of the Royal Court. In addition, he retained his post as the minister of state.
Bin Salman was appointed Crown Prince on 21 June 2017, following his father’s decision to depose bin Nayef, making him heir presumptive to the throne.
Mohammed bin Salman Net Worth
Mohammed Bin Salamn net worth 2023 is estimated at about $18 billion. He is the new owner of Premier league club NewCastle united. He took over the club from Mike Ashley after paying about $409 million.
TIn 2015, bin Salman purchased the Italian-built and Bermuda-registered yacht Serene from Russian vodka tycoon Yuri Shefler for €500 million. In 2015, he purchased the Chateau Louis XIV in France for over $300 million.
On 25 December 2020, as part of the Saudi Arabian Ministry of Health’s national COVID-19 vaccination plan, the Crown Prince was shown receiving the vaccine in a video released by the Saudi Press Agency.
In December 2020, bin Salman invested money into Take-Two Interactive, Electronic Arts, and Activision Blizzard through Saudi Arabia’s sovereign wealth fund.
The investments amounted to 14.9 million shares in Activision Blizzard, 7.4 million shares in Electronic Arts, and 3.9 million shares in Take-Two Interactive. Bin Salman has stated that he grew up playing video games,.
Who is Rich between Sheikh Mansour and Mohammed Bin Salman?
While this is just behind the net worth of 17 billion pounds that Manchester City owner Sheikh Mansour has, Bin Salman effectively has the riches of the Saudi Arabian royal family behind him, which have a net worth of a whopping 1.3 trillion pounds.
In this instance, Manchester City‘s owners fall short of Newcastle‘s new proprietors, as the Abu Dhabi royal family have a net worth of 500 billion pounds.