There is a name that has since become a symbol of wealth, that is, Mansour, an entrepreneur and
Prince of the United Arab Emirates. He has a tremendous amount of wealth to buy a car
and a watch with 1 billion won, saying he wanted
to experience the lives of common people, raise a lion and a cheetah as pets, and even buy English Premier League
football clubs if he wants to. Mansour's known wealth alone is about 24 to 35 trillion won. However, there is someone who has even greater
wealth that even Mansour cannot compete with. His known wealth alone is whopping 1,246 trillion won! This person really has wealth that is out of this world. It is Crown Prince Mohammed bin Salman,
who just turned 37 this year in Korean age. In today's video, we will take a look
at Crown Prince bin Salman, who is the first in line to the throne of Saudi Arabia and leads the world's largest oil company, Aramco. On August 31st, 1985, bin Salman was born in Riyadh, Saudi Arabia, to King Salman bin Abdulaziz
and his third wife, Fahda bint Falah. Of his father, King Salman's officially identified 13 children, bin Salman was born as the seventh son. His official name is 'Mohammed bin Salman Al Saud', but he is commonly referred to as Crown Prince bin Salman. It is said that he has come to be
called Crown Prince bin Salman to distinguish him from the former
Crown Prince Muhammad bin Nayef. But when bin Salman was a child, no one
thought that he would one day become the Crown Prince of Saudi Arabia. That was because he had too
many brothers and cousins already. In fact, when he was young, bin Salman said that he always felt that he was inferior to his older brothers. Once, his family went to Spain for a summer vacation, and his father's first wife and their six children stayed at the Marbella Palace in Spain, while bin Salman, his mother, and his brothers stayed at a hotel in Barcelona. However, in 2001 and 2002, after his two older brothers, born to his father's
first wife, died of heart diseases one after another, bin Salman comforted and supported his grieving father and soon became his father's favorite among many children. It is said that bin Salman was educated only in Saudi Arabia, not in the West, unlike the other Saudi princes. It is said that he graduated from a private school near Riyadh and majored in law at King Saud University,
graduating with great distinction. However, bin Salman, who wasn't able
to spend most of his high school or university days as a normal teenager because he was busy attending to
his father's works or meetings, is known for not accepting criticisms from others. And on April 6th, 2008, at the age of 24, bin Salman married Princess
Sara bint Mashoor, who is also known as the "Barbie Princess", having four children, two sons and two daughters, Prince Salman, Prince Mashhour, Princess Fahda, and Princess Noura. After graduating from college, bin Salman built his career by working at various institutions in the state,
including being the chairman of the King Abdulaziz
Foundation for Research and Archives and the secretary-general of the
Riyadh Competition Committee. In December 2009, when his father
Salman became the deputy governor of Riyadh, he was appointed as a special advisor,
and he began to enter politics in earnest. And in 2011, when his father became
the Minister of National Defense, he served as a personal advisor to his father,
and his abilities were gradually recognized. Then, in January 2015, when King Abdullah bin
Abdulaziz, the sixth king, pass away, his father Salman ascended to the throne at the age of 80. After his father became king, bin Salman was appointed as the world's
youngest Minister of Defense at the age of 30, and was appointed as Secretary-General of
the royal court and the Deputy Prime Minister to oversee Saudi Arabia's economy and security. Literally, bin Salman, with his father
King Salman's favor on his back, has become the authority figure of Saudi Arabia. As a result, bin Salman was nicknamed as 'Mr. Everything', which meant he's a man who can do everything. But up to this point, bin Salman was not the crown prince. So, even if his father died, he could not inherit the throne. In fact, Saudi Arabia, which was founded in 1932, was in a situation where the throne was inherited by brothers according to the legacy left by the first king,
Abdulaziz, when he passed away in 1953. As the first king left as many as 44 sons, he was worried that a strife of the princes would occur, so he
requested a brother inheritance system. So, from the 2nd King Saud to the present 7th King Salman, they are all descendants of the first king, and have inherited the throne through brother inheritance. However, on June 21st, 2017, King Salman and bin Salman abruptly
imprisoned their nephew and cousin, Crown Prince Muhammad bin Nayef, and took away his right to the throne,
suddenly making bin Salman the Crown Prince. Thus, bin Salman became the Crown Prince, the first in line to succeed the throne. After becoming the Crown Prince, bin Salman
took the place of his father, King Salman, practically held the real power and ruled the country. Then, amazing things begin to happen in Saudi Arabia. For the first time ever, he allowed women to drive, allowed men and women to work together in the workplace, allowed women to hold events in
soccer stadiums and concerts,. and opened a movie theater in Saudi Arabia
for the first time in 35 years. His goal was to reform the conservative Saudi Arabia and utilize popular culture to connect
it to economic revitalization. In fact, bin Salman was the first Saudi leader in history to not wear the traditional Arab attire, and
instead, wore a Western no-tie suit attire when he met Bill Gates and Masayoshi Son, and he is said to be fluent enough in English to
have had conversations without an interpreter when he met US President Trump. In addition, bin Salman announced a policy called 'Vision 2030' to change the structure of Saudi Arabia's
oil-dependent economy. One of them is the 'Neom' project, which is a business that costs more than 500 trillion won, and its goal is to create a world-class
tourist attraction like Dubai in UAE by creating a state-of-the-art city equipped with cutting-edge
technologies such as robots, AI and biotechnology and various welfare facilities in an
area 44 times larger than Seoul. In fact, Mohammed bin Salman is a workaholic
who spends 18 hours of his day working. Most of his day is packed with work. According to his aide, he plays a game or watches dramas like Game of Thrones
or The Walking Dead on his free time. Bin Salman who has authority over Saudi Arabia's security, economy, laws, etc, is also leading the world-renowned
oil company called Saudi Aramco. Aramco which is a name you must have
heard at least once in your life, is an amazing company that produces oil 4-5 times the amount of what Korea spends in a day. Also, Aramco keeps the largest amount of oil with the lowest price of mining. Usually, it takes $14 to mine 1 barrel of oil, but it only takes $2.8 in Aramco. In short, it is leaving a large margin since the production expense is insanely low. Aramco was undercover for almost
90 years as an unlisted company, but they first debuted to the global financial
market in 2018 and revealed their business profits. On Aramco's profit and size,
The Wall Street Journal commented: 'Profit that is Out of This World.' It's not a surprise for them to say that
since their profit for 2018 was $224 billion, which is equivalent to 272 trillion won. This is triple the profit that Apple Inc.
made which was $81.8 billion, and it's equal to the whole security expense
spent by 28 EU member countries. Aramco, which makes the largest profit out of whole world's
business, has the company value of around $2-3 trillion. Amazing Aramco is a nationalized oil company of Saudi Arabia, where the royal family has all the stake. Hence, Mohammed bin Salman, who is the actual king of the nation, owns most of the stake. According to the report made in the UK, his net worth is £850 billion in 2018 standard, which is around 1.246 trillion won. This is 9 times more than the richest man selected by Forbes: Jeff Bezos, the CEO of Amazon. However, his name doesn't make
it to the world's billionaire list, since it is hard to distinguish between his
possession and the wealth of the royal household, and we can't get the exact amount due to Saudi Arabia's laws. For the same reason, Mansour also doesn't make it to the world's billionaire list. Despite all that, the wealth of Mohammed bin
Salman born in 1985 is out of this world. With that, he is quite generous with spending. He bought the world's most expensive house in France called Château Louis XIV with 390 billion won. The house not only has a pool in and outdoor,
but a theater, a warehouse for 3,000 bottles of wine, a squash court, a vast aquarium to watch
carps and sturgeons above your head, and a nightclub in the basement. And when Mohammed bin Salman went
on a vacation to Southern France in 2015, he was captivated by a 132m long yacht. He sent his aide to know who the owner is. The yacht was the finest one made in Italy called Serene, belonging to Yuri Shefler the owner
of a Russian vodka company. Mohammed bin Salman finished bargaining within few hours and paid him 625 billion won to buy the yacht. He is also being suspected of buying Leonardo da Vinci's Jesus portrait
painting called Salvator Mundi at the highest auction price recorded in history, 500 billion won. Mohammed bin Salman is getting supports from Saudi Arabia's youths with his unbelievable
wealth and reformative mindset. However, he is also criticized as the Crown Prince of Two Faces since he either jails or eradicates those who don't follow his reformation or threaten his throne. He blackmailed his cousin brother
to strip the right of succession and purge the cousin princes, former and current executives with
the charge of corruption to dominate the power. Mansour bin Muqrin, who was considered
as his political opponent died of a mysterious helicopter crash, and Abdul Aziz bin Fahd died of a gunfight during the arrest. On top of that, in October 2018,
in the Consulate of Istanbul, Turkey, Journalist Jamal Khashoggi who criticized
Saudi Arabia's government was murdered. Salman was pointed out as a suspect to this case. With such a journalist assassination, Mohammed bin Salman was pressured and
criticized massively by the international society and failed to take over a club of Europe Premier League like Mansour. In June 2019, Mohammed bin Salman
visited Korea for 2 days and 1 night. He had a conference with President Moon Jae-in and signed 10 MOU on shipbuilding, cars, petrochemistry, new energy business, etc. The amount of money he promised to
invest in Korea was 10 trillion won. He also showed great interest in independent national defense and formed a bond with Korea by establishing a place for weapon technology based on Korean Agency for Defense Development. The comment on Mohammed bin Salman is still dividing after 5 years of being the crown prince. Is he a reformative leader or a brutal one? If King Salman bin Abdulaziz passes away, he will be crowned as the new king of Saudi Arabia. What kind of king will he be recorded in history? That is all about the crown prince of Saudi Arabia
and the unofficial richest man in the world: Mohammed bin Salman.
