The princes hope the sales—which are also to afford their rich lifestyles—will draw the Crown Prince’s attention away from them
A horde of cash-strapped Saudi princes are selling hundreds of millions of dollars in assets to sustain their opulent lifestyles—and avoid the attention of Crown Prince Mohammad bin Salman. “These people don’t work, they have huge staffs and they’re afraid of [Prince Mohammed],” a source toldCollectively, some princes have sold everything from a $155 million mansion in England to 200-feet yachts.
One motivation for the sales is to prevent the Crown Prince from hovering over them. Bin Salman has garnered a reputation for curtailing any person, relative or not, he deems to be a threat to his regime, so some of the royals hope the sales will lower their profiles, according to theThe Saudi regime is aware of the sales, including some by former ambassador to the U.S.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | Saudi Royals Are Selling Homes, Yachts and Art as Crown Prince Cuts IncomeSaudi Arabia’s senior princes have sold more than $600 million worth of real estate, yachts and artwork as they try to raise cash and avoid scrutiny from de facto ruler Crown Prince Mohammed bin Salman.
Read more »
Saudi Royals Are Selling Homes, Yachts and Art as Crown Prince Cuts IncomeSaudi Arabia’s senior princes have sold more than $600 million worth of real estate, yachts and artwork as they try to raise cash and avoid scrutiny from de factor ruler Crown Prince Mohammed bin Salman.
Read more »
Saudi Royals Are Selling Homes, Yachts and Art as Crown Prince Cuts IncomeSaudi Arabia’s senior princes have sold more than $600 million worth of real estate, yachts and artwork as they try to raise cash and avoid scrutiny from de factor ruler Crown Prince Mohammed bin Salman.
Read more »
WSJ News Exclusive | Saudi Royals Are Selling Homes, Yachts and Art as Crown Prince Cuts IncomeSaudi Arabia’s senior princes have sold more than $600 million worth of real estate, yachts and artwork as they try to raise cash and avoid scrutiny from de facto ruler Crown Prince Mohammed bin Salman.
Read more »
The U.S. Is Home Now, Says Prince HarryIt’s there that he finds himself feeling “massively at peace.”
Read more »
William and Kate share new photos of Prince Louis for his 4th birthdayPrince Louis is turning four on Saturday, and to mark the occasion, his royal parents Kate and Prince William have shared new photos of their youngest child.
Read more »