Salman bin Abdulaziz Al Saud was born on 31 December 1931, in Riyadh, Saudi Arabia, and is a politician, but best known for being the King of Saudi Arabia since 2015 being the head of the House of Saud, and he is also the Custodian of the Two Holy Mosques. All of his efforts have helped put his net worth to where it is today.
How rich is Salman bin Abdulaziz Al Saud? As of mid-2017, sources estimate a net worth that is at $17 billion, mostly earned through success in the government, and inheritance through his family controlling the Saudi kingdom. He previously served as Deputy Governor and Governor of Riyadh from 1963 to 2011, so all of these positions have ensured the position of his wealth.
Salman bin Abdulaziz Al Saud Net Worth $17 billion
Salman attended Princes’ School in Riyadh, and later on he would study religion as well as modern science. At the age of 19, he would become the deputy governor of Riyadh Province, and eventually in 1963 he was appointed the governor of Riyadh in which position he would serve for the next 48 years. He helped develop Riyadh into a major urban metropolis, improving tourism, investments and so the economy. During his tenure, he took several foreign tours; in 1974 he visited Qatar, Bahrain, and Kuwait to strengthen relationships with them, made his first visit to Canada in 1991, and five years later he was invited to Paris and also Bosnia. In 1998, he then visited Japan, Brunei, China and Pakistan. Salman is regarded as the reason why Riyadh has become one of the richest cities in the Middle East.
In 2011, Saud was appointed as Second Deputy Prime Minister as well as the Minister of Defence. This meant that he would be second in the line of succession as head of state. He was the reason for the military intervention in Bahrain, and then met with US President Barack Obama and British Prime Minister David Cameron. The Saudi military would increase their spending during his tenure, and they would support the US in airstrikes against Syria as well as Iraq. He was appointed Crown Prince of Saudi Arabia and also became First Deputy Prime Minister in 2012. He would be in charge of state affairs when King Abdullah was out of the country.
In 2015, Salman would succeed as king after his half-brother Abdullah passed away. He reshuffled the cabinet, after becoming king and also gave bonuses to state employees as well as military personnel. He would receive Prince Charles in his tour of the Middle East. Other decisions he would make as king would include the bombing of Yemen. He also appointed a new crown prince and financed military efforts against rebel uprisings.
For his personal life, polygamy is not unusual in Muslim societies, and Salman may have five wives, but certainly three – his first is marriage was to Sultana bint Turki Al Sudairi and they have six children. He later married Sarah bint Faisal Al Subai’ai and they had a son, and thirdly Fahda bint Falah bin Sultan Al Hithalayn, and they have six children. He underwent spinal surgery in 2010, and also suffers from mild dementia. Salman is also known for supporting various charities in the country.
