With about 5 years to go - the massive restructure of virtually everything in the Kingdom of Saudi Arabia continues.

Project after project is being funded in SA by oil revenues - but the investment is also being seen worldwide.

Golf (and other sports) now has a major Saudi influence, and SA owns Newcastle United - and is about to buy Wentworth GC.

Maybe using the c£20 Billion it is alleged to have in UK Government bonds - or their substantial equity in Uk Plcs.

Rarely in history (if ever) has a sovereign country tried to simultaneously reinvent itself, and influence the world.



saudipedia.com/en/article/1242/governmen...30/saudi-vision-2030

www.vision2030.gov.sa/en/explore/projects

whatsonsaudiarabia.com/2025/02/vision-2030/

And those super rich Arabs are idolised. Funny how mahoney can make all the difference. Unlike their poor Palestinian counterparts.

I once had the loveliest Saudi pal who was a prince in the Royal family..his mother being the 2nd or 3rd wife in importance.

He lived a lavish life in London in the late 70s and was incredibly generous but there were so many scandals involving Saudis in the UK ..even shoplifting arrests etc, that all the royal princes of all descriptions were ordered back to Saudi to work in the government.

My pal died of a drug OD shortly after. I knew he couldn't face the strictures of Saudi life even though the Royals have Western privileges.

I'm amazed Elon Musk is still called The Richest Man on Earth when his wealth is tied up in Tesla (plunging ) shares and twitter / X.

Surely the Saudi Royal Family is the wealthiest with real wealth in oil and cash reserves of apparently over a $Trillion.

SA also has an abundance of precious ores - with gold high on the list - and are now steadily accelerating/increasing their mining activities.



thediggings.com/sau

saudipedia.com/en/article/994/economy-an...ning-in-saudi-arabia

hedda wrote:
I once had the loveliest Saudi pal who was a prince in the Royal family..his mother being the 2nd or 3rd wife in importance.

He lived a lavish life in London in the late 70s and was incredibly generous but there were so many scandals involving Saudis in the UK ..even shoplifting arrests etc, that all the royal princes of all descriptions were ordered back to Saudi to work in the government.

My pal died of a drug OD shortly after. I knew he couldn't face the strictures of Saudi life even though the Royals have Western privileges.

I'm amazed Elon Musk is still called The Richest Man on Earth when his wealth is tied up in Tesla (plunging ) shares and twitter / X.

Surely the Saudi Royal Family is the wealthiest with real wealth in oil and cash reserves of apparently over a $Trillion.

Musk has fingers in many pies, there is more than just Tesla and X. He roughly makes $8 million each day. Musk did what a lot of businessmen did in the 1980s buy a company that already exists and slap your brand over on top of it. Most billionaires don't have billions in the bank but in assets, Trump probably has a couple of billion in the bank but most of it is in real estate.

Alan Sugar saw a market on budget computers and tech and filled the gap. His early hi-fi systems were a mug's-eyeful as he called them but by 1986 or so they they were better than some of the expensive brands like JVC and Sony but not quite as good as Kenwood. Alan Sugar burnt me the most with the Amstrad GX4000.

Musk's three main assets - and their percentage of his net worth:-

Tesla.....58%
SpaceX....27%
X.AI......8%

Though these figures vary constantly and from day to day.