The Saudi Royal Family S Monthly Oil Royalties Are Insane
Thousands of descendants of Abdul-Aziz Ibn Saud, the founding father of Saudi Arabia, collect serious bank in most cases, just for being a member of the House of Saud. The 1996 cable was titled “Saudi Royal Wealth: Where Do They Get All That Money” and it gives us a very detailed picture of how Saudi Arabia’s royal patronage system works. It reads like a juicy novel and starts with the line: “Saudi princes and princesses, of whom there are thousands, are known for the stories of their fabulous wealth – and tendency to squander it....