Saudi Arabian Wealth

Prince-Al-Waleed-bin-Talal-bin Abdulaziz-al-Saud

Saudi Arabia generates $1,000,000,000 ($1 billion) per day in profit by selling oil to the United States of America. There is no social security in Saudi Arabia so it is customary for tribal and/or community leaders to give away money to those in need. The wealthiest person in Saudi Arabia is the grandson of Muhammad ibn Saud who was the founder of the Kingdom of Saudi Arabia. Saud’s grandson Prince Al-Waleed bin Talal bin Abdulaziz al Saud often gives away hundreds of thousands of dollars within a single evening, a few times per month. Saud’s net worth is an estimated $21,700,000,000 ($21.7 billion). Saud owns shares of hundreds of well known U.S. companies and has given away tens of thousands of vehicles and billions of dollars to those in need

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