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Not unrelated: The House of Saud is losing a lot of money on the Credit Suisse rescue/buyout.


"Some estimates of the royal family's wealth measure their net worth at $1.4 trillion."

A billion isn't worth losing sleep over here.


Basically the worth of a nation given to one family.


considering their grip on Saudi Arabia, that's the worth of a nation.


That's how monarchies work


Yes, sorry, I know I was stating the obvious. It's rare that we see that wealth publicized and it took me by surprise.


Officially, it's the Saudi National Bank that is getting burned. But, in an absolute monarchy, you might as well say it's Crown Prince MBS because there's no distinction.

There's a reason why Forbes does not even rank royals' wealth. It's a futile journey trying to decipher what belongs to the king and what belongs to the state. But, note that the king must spend a lot on social services (free healthcare, free education (both local and foreign) in Saudi Arabia, etc., to please his countrymen, lest they revolt.


Nothing that Aramco can't make up for in a few weeks.

The House of Saud is sitting on the real money printer.




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