How Saudi's Prince Salman Spends His $2 Trillion Fortune

i'll be the first to admit that i don't watch the news regularly but i could have sworn that elon musk was the richest man in the world in fact at the time of making this video bloomberg puts his net worth at 272 billion dollars and everyone is still waiting for him to become the first trillionaire in history so how is it then that you've just clicked on a video that's about to show you how the prince of saudi arabia spends his magnificent two trillion dollar fortune a fortune that obliterates the combined wealth of the top 17 richest people on any list today well i'm glad you asked and i'll keep the answer short sweet and crude oil you see as the anointed de facto ruler of a country that bears his last name as its first name muhammad bin salman bin abdulaziz al-saud or mbs sits at the top of aramco the biggest oil and gas company ever it's the third most valuable company behind only apple and microsoft and a head of alphabet meta berkshire hathaway amazon and of course tesla these matters weigh less on mars but the truth is mbs does have control over what he can splurge millions on from his own wealth and from the wealth of the kingdom of saudi arabia and on top of aramco mbs also controls the sovereign wealth fund of saudi arabia call the private investment fund and with assets of 500 billion dollars you begin to wonder what can you possibly buy as a gift for someone who is obviously filthy rich and boy are some of the ridiculous items on this list gonna color you jealous especially since the first on our list is the painting called salvatore mundi the most expensive painting in our history this magnificent piece was done in the 15th to 16th century by none other than italian renaissance artist leonardo da vinci who just like mbs didn't know where to draw the line with the gifts he was born with the salvator mundi did a tour in 2017 where was displayed at exhibitions in hong kong san francisco and new york during its exhibition in new york by the auction house called christie's it was purchased by the saudi arabian minister for culture prince bhatter bin abdullah for 450 million 300 000 about half a billion the claim was that it was for display at the louvre of abu dhabi but reports have it that prince bhatter bin abdullah was actually standing in for mbs who is currently in possession of the masterpiece salvatore mundi meaning savior of the world is a beautiful painting by da vinci that features a portrait of jesus christ holding a non-refracting crystal orb in his left hand this painting of jesus is on mohammed bin salman's mega yacht where he's hung it on the wall with one nail instead of three you can say mbs does like putting an extra layer of that pizzazz on all his things it may be a half billion dollar painting of one of history's most influential people on his wall or just extra gold coding on his already expensive fleet of cars like his gold-plated bugatti veyron grand sport this car costs a whopping 12.5 million dollars and the grand sport has been recognized as one of the fastest street legal vehicles in the world with a speed of 431 kilometers per hour and a zero to 100 kilometers per hour acceleration in 2.5 seconds that acceleration just about edges that of the lamborghini aventador svj which goes from zero to a hundred kilometers per hour in 2.8 seconds and spending on luxury vehicles goes from zero to a hundred in the blink of an eye because he splurged almost eight million to buy this lamborghini and of course covered it in gold in fact he owns a rolls-royce phantom drop head coupe a bentley continental flying spur a rolls-royce phantom coupe a range rover and a mercedes g63 6x6 truck for a grand total of 36 million dollars and of course he's covered them all in gold and even ornamented the chairs with gold-like embroidery at this point maybe his cars run on gold instead of gas and if that doesn't fuel your desire to get rich maybe his magnificent french chateau called the chateau louis xiv will back in 2015 when prince salman purchased this mansion for 300 million us dollars it became the world record purchase for a residential property but mbs didn't stop there no instead he got to work and employed saudi-born french property developer imad khashoggi to rebuild and redesign the mansion khashoggi merged high-tech installations and controls with 17th century craft traditions and employed them in the rebuilding of this 57-acre chateau over the course of three years over 131 000 people worked on this mansion that's an average of 120 people per day they included experts like stonemasons building the house to style marble workers who sculpted a pristine statue of louis xiv and molded for the grand cx-style fireplaces gardeners that designed large expanses of parks and french-style gardens with embroidered box hedges and tree-lined labyrinths and painters and decorators that painted the ceilings of several reception halls master suites and the cupola of the main drawing room the chandeliers are magnificent highlights hanging in the chateau but these otherworldly paintings and magnificent gardens are the highlights of this luxurious home and to think the salvatore mooji painting that we discussed earlier is almost double the price of this massive estate a half billion dollar painting that hangs on the walls of muhammad bin salman's serene yacht that's right the serene yacht is ginormous it is in fact among the top 10 largest yachts in the world with a length of 439 feet and a beam standing at 60 feet serene has a jacuzzi with automatic lighting on the outer top deck lounge areas sitting rooms and bars on its decks several staterooms and a master suite a helipad and a garage to house its many speed boats and tenders for when mbs wants to go overboard but mbs went overboard with a different kind of tender called monet as this sea monstrosity is unsurprisingly valued at half a billion dollars it was initially built for russian vodka tycoon yuri scheffler for 330 million dollars and in 2014 the one and only bill gates leased the yacht at five million dollars per week but while vacationing in the south of france in 2015 prince salman decided to splash 550 million dollars on the water vessel from the hands of one ultra rich man to another the serene yacht is an example of great sportsmanship amongst the wealthy and speaking of sportsmanship prince salman's latest acquisition is a legendary english soccer establishment called newcastle united football club or more commonly known as the magpies through the sovereign wealth fund of the kingdom of saudi arabia known as the public investment fund or pif mbs was able to purchase the english football club for 300 million pounds the deal took almost two years to complete but at the end of the day newcastle is now the richest club in the world due to their owners the pif having a value in assets totaling almost 500 billion dollars an owner that also has numerous investments in big names like disney uber facebook starbucks and of course everyone's favorite pharmaceutical company pfizer for perspective the second richest football club owner in the entirety of the most popular and most profitable sport in our history is manchester city football club whose owner sheikh monsoor has a net worth of 20 billion dollars many have seen this acquisition by muhammad bin salman through pif as a way to diversify their sovereign wealth fund from just oil and like we said pif invests in some pretty big names already which has brought its assets to half a trillion soccer is an investment that cannot be snuffed at as more and more billionaires have joined the party for example russian israeli oil billionaire oligarch roman abramovich and the italian billionaire family andrea anyelli and family owned two of the biggest clubs and more recently the wealthy in the u.s of a have turned their eyes to developing and investing in the sport in their region too for perspective on the lucrative nature of soccer a top soccer club like manchester united or chelsea spend more on players wages in a single year than the entire civilizations of the world spend on asteroid defense this is a great deal for the magpies to elevate them to that level but it's also great for mbs and the pif and perhaps the human race needs to set its priorities right on world-ending asteroids except for this guy the rest of us have room for improvement but hotel abraj could die is one hotel that doesn't have room for improvement you know seeing as its 10 000 rooms make it the guinness world record holder for the biggest hotel in the world it's another project by the ministry of finance and will cost 3.5 billion to complete it is one of the most impressive and audacious mega projects going on in the world today and it is also part of mbs's plan to diversify his nation's economy with its location in the city of mecca this hotel is perfect for exploiting an already profitable venture pilgrimage abraj kudai will cover 1.4 million square meters across 12 great towers and it's 10 000 rooms it is fitted with four helipads garage space enough for almost 3 000 cars 70 restaurants and more spending a night in the luxurious rooms will cost five thousand dollars and you'll get to enjoy amenities like the gym and wellness centers spas massages luxury car rentals fresh and thermal water baths scrubs saunas pools and more prince salman also had the architects from dar el hadassah and interior designers from london-based irene hospitality company do something special for the royal family and that is the fact that the first five floors of hotel abraj kudai are set aside and designed to the taste of mbs and members of the royal family whenever they wish to visit with the wealth at his disposal mbs might as well build a city from scratch wait he wouldn't right right boys and girls muhammad bin salman bin abdulaziz's outside is building a city from scratch it's called nyom and it's the most ridiculously ambitious thing you've ever seen first of all neom is a smart city under construction with a name from two words the greek word neo meaning new and the abbreviation of the arabic word for future basically it's a city so futuristic they had to name it twice but seriously when mbs announced this project in october of 2017 the plan of creating the first self-sustaining advanced smart and net zero carbon emission city in the world was the promise you know an actual place where the aliens can lodge when they eventually come so when one web what it's about is if you think about what we're trying to do at neo neo is an accelerator of human progress not just some humans but all humans so we want to make sure that the connectivity creates an environment that we call digital air that means wherever you are you don't have to worry about is it wi-fi what's the connection speed it gives you what you need when you need it right person right time right place and wouldn't you know it it has a budget of 500 billion dollars for its completion this is a real thing guys seriously you can look it up it will be three times the size of new york city and will be designed in such a way that everything you need at any point in the city is within walking or cycling distance since you know there won't be cars or even traditional roads in neon instead long distance transportation will be made using shared autonomous electric shuttles high-speed underground transit systems and urban air mobility not to mention the seaport will be the first fully automated seaport and the experience at neom airport is seamless from the curb to the gate sections of the giga city like the line and the octagon are already under construction so it's not a matter of if it's a matter of when earlier in this video we posed the question what can one buy as a gift to someone like this with a net worth well over two trillion dollars tell us in the comments below wrong responses only but truth be told we may never know mbs controls 553 million acres of land filled to the brim with crude oil he's technically the second largest landowner in the world ahead of the pope and behind only the crown and queen of england and it's not every day you find yourself amongst two of the most powerful people on god's green earth speaking of powerful people click this video to find out the families that secretly rule the world and i'll see you there

Channel: King Luxury

Views: 2,745,255

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Id: ur8E0Tpl0Sc

Length: 13min 22sec (802 seconds)

Published: Sat May 07 2022