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How much is the Saudi family worth?
As of 2020, the combined net worth of the entire royal family has been estimated at around $100 billion, which makes them the richest royal family among all monarchs, as well as one of the wealthiest families in the world.
How much is king of Saudi Arabia worth?
Mohammed bin Salman’s father, Salman bin Abdulaziz Al Saud the King of Saudi Arabia, ranks are the third richest royal in the world with a reported net worth of $18 billion (USD). The Saudi royal family are behind only Hassanal Bolkiah the Sultan of Brunei and Vajiralongkorn King of Thailand.
Who created Saudi Arabia?
King Abdulaziz Al-Saud
Since King Abdulaziz Al-Saud established the modern Kingdom of Saudi Arabia in 1932, its transformation has been astonishing. In a few short decades, the Kingdom has turned itself from a desert nation to a modern, sophisticated state and a major player on the international stage.
What is the ruling family of Saudi Arabia called?
The House of Saud (Arabic: آل سُعُود , romanized : ʾĀl Suʿūd IPA: [ʔaːl sʊʕuːd]) is the ruling royal family of Saudi Arabia.
What is the political power of the House of Saud?
Political power. The head of the House of Saud is the King of Saudi Arabia who serves as Head of State and monarch of the Kingdom of Saudi Arabia. The King holds almost absolute political power. The King appoints ministers to his cabinet who supervise their respective ministries in his name.
How did the Kingdom of Saudi Arabia come into being?
The Kingdom of Saudi Arabia was founded in 1932 by King Abdulaziz (known as Ibn Saud in the West). He united the four regions into a single state through a series of conquests beginning in 1902 with the capture of Riyadh, the ancestral home of his family, the House of Saud.
Why is Saudi Arabia on the brink of economic collapse?
By the early 60s, King Saud is losing support everywhere and has brought the country to the brink of economic collapse. The senior Al Saud brothers realize something has to be done and arrive at a consensus to replace Saud with a more capable leader.