How much do Saudi princes earn
'13.06.2018'
Source: Inosmi
An American diplomat says that the royal family of Saudi Arabia is so large that it can take a whole football field. By some estimates, the number of royals is estimated to range from 5 to 15 to thousands of princes, while the Saudis themselves recognize only about seven thousand princes.
The privileges of princes increase after the birth of their first child, tells Inosmi. They do not receive salaries or privileges due to their positions in the state. They enjoy it all just because they are princes. The entire ruling family consists of princes, and you can imagine their salary in numbers.
In the 2006 year, according to US diplomatic documents posted on the WikiLeaks website (WikiLeaks) Saudi princes get a monthly salary. The grandchildren of distant relatives of the founder of Saudi Arabia, Abdul-Aziz Al Saud, receive 800 dollars per month. Al Saud's sons get 270 thousand dollars monthly. Some grandchildren are given 27 thousand dollars per month, their sons 13 thousand dollars, and their grandchildren 8 thousand dollars.
According to leaked documents, the annual cost of the royal family of Saudi Arabia is estimated at two billion dollars. Among the privileges of members of the royal family is the opportunity to receive loans, especially to distant relatives who are not rich enough. Often, such royals do not repay their debts.
One of the most significant privileges of the Al Saud family is the system of sponsoring foreign workers, allowing them to provide about ten million workers, who make up one third of the population of Saudi Arabia. Many princes have this privilege, which allows them to hire non-Saudi workers. Most foreign workers in Saudi Arabia are from Asian countries.
At the same time, each employee must pay from 30 to 150 dollars per month to his patron.
“Usually princes provide jobs for 100 or more foreigners. Such workers guarantee them a good stable monthly income and for this they don’t even need to move a finger, ”the American report on WikiLeaks says.
Similar privileges for Saudi princes have been diminishing lately. According to the Spanish newspaper ABC, at the beginning of 2018, a decree was issued on the payment of water and electricity bills by the princes of Saudi Arabia themselves. This decree was issued after a series of royal decisions aimed at eradicating corruption. At the end of last year, the crown prince of Saudi Arabia, Mohammed bin Salman, arrested a large number of businessmen and former ministers who were accused of corruption crimes. The princes believe that the decision of the Crown Prince proves his growing power, given the health of his father, King Salman.
