Salman bin Abdulaziz Al Saud Net Worth

What is King Salman’s Net Worth? A Look at His Wealth and Reign

Introduction: The King of Saudi Arabia

Salman bin Abdulaziz Al Saud is the current King of Saudi Arabia and the Custodian of the Two Holy Mosques, holding immense political and religious authority. His reign, which began in January 2015, has been marked by significant reforms, international conflicts, and a considerable focus on the country’s economic and social transformation. As of the present time, King Salman’s estimated net worth is $20 billion, reflecting his position and influence within the Kingdom.

This article delves into the life, career, and impact of King Salman, providing a comprehensive overview of his early life, his rise through the ranks of Saudi leadership, his major policy decisions, and the controversies that have defined his rule. We will explore his personal life, his approach to governance, and the implications of his actions on Saudi Arabia’s domestic and international standing. Additionally, the influence of his son, Mohammed bin Salman, will be assessed.

Early Life and Education

Born on December 31, 1935, Salman bin Abdulaziz Al Saud is the 25th son of King Abdulaziz, the founder of Saudi Arabia. Raised in the royal Marabba Palace in Riyadh, he received his early education at the Princes’ School, established by his father to educate his children. There, he studied religious teachings and modern science, laying the foundation for his future leadership roles. This comprehensive education provided him with a deep understanding of both traditional Islamic principles and contemporary knowledge.

At the young age of 19, Salman was appointed as the deputy governor of Riyadh Province, a position he held for approximately a year. This early experience in governance provided him with valuable insights into the administrative workings of the Kingdom and set the stage for his later career.

Political Ascent and Key Decisions

Salman’s political career advanced significantly over the decades. In February 1963, he was appointed as the Governor of Riyadh Province, a role he held for nearly five decades until November 2011. During his tenure as governor, Riyadh underwent substantial development, transforming from a provincial town into a modern metropolis. His efforts in urban planning, infrastructure development, and economic growth were critical to the city’s evolution.

In 2011, he was appointed Second Deputy Prime Minister, replacing his brother, Crown Prince Sultan, who had fallen ill. A year later, he was elevated to the position of Crown Prince of Saudi Arabia and First Deputy Prime Minister. During the reign of King Abdullah, Salman was often the acting head of state, representing Saudi Arabia on the global stage. His establishment of a Twitter account during this period underscored his ability to adapt to the changing times.

Upon the death of his half-brother, King Abdullah, in January 2015, Salman ascended to the throne at the age of 79. One of his first major moves was to reorganize the government, consolidating eleven secretariats into two primary councils: the Council of Political and Security Affairs and the Council for Economic and Development Affairs. This streamlining was aimed at improving the efficiency and effectiveness of government operations.

Other key decisions included the appointment of his son, Mohammed bin Salman, as Crown Prince in June 2017. This succession plan shifted the balance of power, and Mohammed bin Salman has since played a pivotal role in shaping the future of Saudi Arabia.

Controversies and Criticisms

King Salman’s reign has been marked by several controversies and criticisms, particularly concerning human rights issues and international conflicts.

• Yemen Conflict: In March 2015, King Salman ordered military intervention in Yemen against the Shia Houthis, forming a coalition of Sunni Muslim countries. The mission, named Operation Decisive Storm, involved airstrikes that have been criticized for causing civilian casualties and violating international humanitarian law. Organizations like Human Rights Watch have documented instances of war crimes, leading to condemnation from international bodies.
• Human Rights: Despite some reform efforts, human rights abuses have persisted during King Salman’s rule. Critics point to the suppression of dissent, the treatment of women, and the restrictions on freedom of speech and assembly as major concerns.
• Government Bureaucracy and Reform: While King Salman consolidated government secretariats to improve efficiency, the pace and scope of broader reforms have been debated. Critics argue that the reforms have not been sufficiently comprehensive to address long-standing issues.

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In response to the humanitarian crisis in Yemen, King Salman created the King Salman Center for Relief and Humanitarian Aid (KSRelief) to provide aid to victims of civil war and natural disasters. The organization has collaborated with the United Nations and other relief agencies. However, despite these efforts, criticisms regarding human rights have continued.

Personal Life and Health

King Salman has been married three times and has thirteen children. His first wife was Sultana bint Turki Al Sudairi, a first cousin, with whom he had six children. His first wife passed away in July 2011. Two of his sons, Fahd and Ahmad, died in 2001 and 2002, respectively.

His second wife is Sarah bint Faisal Al Subai’ai, with whom he has one son. His third wife is Fahda bint Falah Al Hithlain, who bore him six sons.

Throughout his life, King Salman has experienced several health issues. In 2010, he underwent spinal surgery in the United States, and he has also suffered a stroke that impacted the functionality of his left arm. He has been reported to have mild dementia, specifically Alzheimer’s. In 2020, he had gallbladder surgery.

Succession and the Future of Saudi Arabia

The appointment of Mohammed bin Salman as Crown Prince in June 2017 has significantly influenced the direction of Saudi Arabia. His son is considered by many to be the real power behind the throne, playing a central role in major policy decisions and initiatives such as Vision 2030. This initiative aims to diversify the Saudi economy, reduce its dependence on oil, and foster social and cultural reforms.

King Salman’s role has shifted towards providing guidance and support, while Mohammed bin Salman takes charge of the day-to-day governance. The future of Saudi Arabia is therefore heavily influenced by the policies and decisions of the Crown Prince.

Conclusion: The Legacy of King Salman

King Salman’s reign has been a period of significant change and transformation for Saudi Arabia. His leadership has been characterized by both decisive actions and controversial decisions. His efforts to modernize the government, his interventions in international conflicts, and his support for social and economic reforms have all left a lasting impact. While the controversies surrounding human rights and the Yemen conflict continue to draw scrutiny, his legacy will also include the advancements made during his time on the throne, especially the groundwork for the future of Saudi Arabia laid by Vision 2030. The long-term effects of his leadership, including the ongoing transition to a post-oil economy, will continue to unfold in the years to come.