There’s money, and then there’s oil money. While some royal families are fighting over millions of dollars, Saudi princes are selling off hundreds of millions in assets. In 2022, various Saudi princes put some of their most valuable belongings, like yachts and artwork, totaling around $600 million, up for sale to appease their ruler, Mohammed Bin Salman, who demanded the family make major adjustments to its spending habits.
And if the ruler is insisting everyone curb its audacious purchases, you know the family makeup must be quite the motley crew of spenders. Saudi princes know how to spend their money. Take Prince Abdullah al Saud, a royal who’s also an accomplished equestrian whose grandfather instructed the Saudi Equestrian Fund to find the best horses for the sport, leading to at least $49 million in expenditure. Then there’s Prince Bader who, albeit on someone else’s behalf, spent over $450 million on a piece of art painted by Leonardo da Vinci.
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Not all Saudi princes have such obscene wealth, though (or so they say). As Prince Abdullah bin Mosaad told an outlet, “I’ve seen the stereotype of a Saudi who can call upon $18 billion” (via the New York Post). “I tell you what. If I was worth $18 billion, I would have bought the 49ers and Arsenal!” Keep in mind that he does own part of the Sheffield United Football Club. Champagne problems.
