Tuesday, July 04, 2017 6:25:48 PM
Saudi Royal Family Is Still Spending in an Age of Austerity
By NICHOLAS KULISH and MARK MAZZETTIDEC. 27, 2016
Members of the Saudi royal family at a reception at the palace in Riyadh last year. There are thousands of princes and princesses in the House of Saud and many are accustomed to a lavish lifestyle. Credit Karl-Josef Hildenbrand/Deutsche Presse-Agentur, via Alamy Live News
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The Abqaiq oil field in Saudi Arabia. The royal family’s wealth is derived from the enormous reserves of petroleum discovered in the kingdom more than 75 years ago. Credit Dmitri Kessel/The LIFE Premium Collection, via Getty Images
[...]
This property in the Mayfair district of London was linked to King Salman in 2009 documents
released among the Panama Papers. Credit Andrew Testa for The New York Times
Saudi Arabia is not nearly as affluent on a per-capita basis as Qatar or Kuwait, which are also rich from oil and gas but support far fewer people than their large neighbor. (Both also have been hit hard by the low oil prices.) Despite a robust social safety net — including free education and health care — there are poor Saudis, and many in the middle class barely make ends meet.
[...]
As governor of Riyadh, Salman helped oversee the family, even maintaining a jail for young princes who ran amok. “When there was a problem in the family, misbehavior by one of the sons, the person invariably called upon to conciliate and solve the problem was Salman,” said the former United States ambassador Chas W. Freeman Jr., who knew him in Riyadh.
[...]
“This family has been figuring these things out amongst themselves for 30 years,” said Ford M. Fraker, a former United States ambassador to Saudi Arabia and now president of the Middle East Policy Council.
“Swim together or sink together,” he said, “is ingrained in their DNA.”
https://www.nytimes.com/2016/12/27/world/middleeast/saudi-royal-family-money.html?action=click&contentCollection=Middle%20East&module=RelatedCoverage®ion=EndOfArticle&pgtype=article
.. lol, not contributing to the family fortune could be seen as one good reason for not having a car ..
By NICHOLAS KULISH and MARK MAZZETTIDEC. 27, 2016
Members of the Saudi royal family at a reception at the palace in Riyadh last year. There are thousands of princes and princesses in the House of Saud and many are accustomed to a lavish lifestyle. Credit Karl-Josef Hildenbrand/Deutsche Presse-Agentur, via Alamy Live News
[...]
The Abqaiq oil field in Saudi Arabia. The royal family’s wealth is derived from the enormous reserves of petroleum discovered in the kingdom more than 75 years ago. Credit Dmitri Kessel/The LIFE Premium Collection, via Getty Images
[...]
This property in the Mayfair district of London was linked to King Salman in 2009 documents
released among the Panama Papers. Credit Andrew Testa for The New York Times
Saudi Arabia is not nearly as affluent on a per-capita basis as Qatar or Kuwait, which are also rich from oil and gas but support far fewer people than their large neighbor. (Both also have been hit hard by the low oil prices.) Despite a robust social safety net — including free education and health care — there are poor Saudis, and many in the middle class barely make ends meet.
[...]
As governor of Riyadh, Salman helped oversee the family, even maintaining a jail for young princes who ran amok. “When there was a problem in the family, misbehavior by one of the sons, the person invariably called upon to conciliate and solve the problem was Salman,” said the former United States ambassador Chas W. Freeman Jr., who knew him in Riyadh.
[...]
“This family has been figuring these things out amongst themselves for 30 years,” said Ford M. Fraker, a former United States ambassador to Saudi Arabia and now president of the Middle East Policy Council.
“Swim together or sink together,” he said, “is ingrained in their DNA.”
https://www.nytimes.com/2016/12/27/world/middleeast/saudi-royal-family-money.html?action=click&contentCollection=Middle%20East&module=RelatedCoverage®ion=EndOfArticle&pgtype=article
.. lol, not contributing to the family fortune could be seen as one good reason for not having a car ..
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”
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