King Salman, the King of Saudi Arabia, is reported to have a net worth of $18 billion. Salman bin Abdulaziz Al Saud ascended to the throne on the 23rd of January in 2015 after the death of his brother Abdullah. The title also implies the role of Custodian of the Two Holy Mosques and he is also head of the house of Saudi.
King Salman’s riches are said to be derived from both inheritance and investments, particularly in resources such as oil. The collective wealth of the Saud family is speculated to be one of the richest in the world.
Salman’s education took place at the private Princes School in Riyadh, where he studied religion and modern science. He started his political career at the age of 19 and his role as governor of Riyadh Province for 48 years saw the development of Riyadh into a modern metropolis. He has also played a significant role in stabilizing Saudi Arabia’s position with neighboring and Western countries.
In 2011, Salman was appointed Minister for Defense and in 2012, he became the Crown Prince. His reign as the King has seen a re-organization of the government structure, with key positions being allocated to members of the Suderi faction of the family.
King Salman has been involved in philanthropic endeavors, donating generously to aid educational development in poor Islamic nations. However, Saudi Arabia’s human rights issues have often drawn criticism, with the King emphasizing that democracy would not be beneficial due to the country’s tribal diversity.
His personal life, including his marriages and children, has been mostly kept private. Regardless, King Salman’s legacy and impact on Saudi Arabia have been significant.
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