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How come Saudi princes aren't the richest in the world?
I have a question. How come Saudi princes aren't the richest in the world?
Well, while some members of the Saudi royal family are certainly wealthy, it's worth noting that the concept of 'ownership' in Saudi Arabia is somewhat different from what we're accustomed to in the Western world. It's not necessarily the case that individual members of the royal family 'own' all the assets associated with the Saudi Arabian state. Additionally, the country's oil wealth is managed by the Saudi Arabian government through a state-owned oil company, so that resource is not necessarily controlled directly by individual members of the royal family.