[imagesource: Wikipedia]
Prince Salman Bin Sultan Bin Salman Bin Abdulaziz Al Saud (Prince Sultan bin Salman for short) belongs to the Saudi royal family whose combined net worth is at least $105 billion.
That’s according to the Bloomberg Billionaires Index, although, it may be up for debate.
In 2020, Mirror reported that the House of Saud is said to be worth over £1 trillion ($1,23 trillion), which is more than 16 times the wealth of the British royal family.
With that amount of money, you can bet your bottom dollar that this ruling family in Saudi Arabia has every luxury thing under the sun.
They boast private jets, luxury superyachts, helicopters, palaces, luxury chateaus, mansions all over the place, gold furniture in their lavish homes – even a gold-plated tissue dispenser – a Leonardo Da Vinci painting worth $440 million, and way, way more.
Prince Sultan bin Salman – the grandson of Saudi Arabia’s King Salman Bin Abdulaziz and the son of Prince Sultan Bin Salman Al Saud – is in the news again for his stake in a lush Bahamian island, AKA The James Bond Island.
He initially made his mark in 1985 as the first Muslim astronaut to visit space. Part of the crew of the US Space Shuttle Discovery, he delivered a satellite to earth’s orbit.
The prince is in the news again thanks to his stakes in the island, described as the James Bond island in a 2015 story in The Guardian that reported its value as $90 million:
The prince is apparently suing a business partnership for over $5 million in his purchase of a stake in this lush Bahamian island, per Bloomberg:
Prince Salman Bin Sultan Bin Salman Bin Abdulaziz Al Saud claims that officials of Cave Cay LP, controlled by investment fund Yntegra Group, are violating a side agreement under which he and Yntegra officials are each to pay the $5 million to the partnership. The prince alleges the partnership is demanding the sum of him but not of Yntegra. In his lawsuit, which has been unsealed, he asks the court to make Cave Cay honor the pact.
The prince claims Cave Cay “misrepresented Yntegra’s ability to raise outside capital” and is asking the court to bar the partnership from declaring him to be in default over the $5 million “discriminatory capital call”.
Cave Cay is a part of the 365 islands in the Exuma Cays district of the Bahamas, sitting amidst pristine beaches, lush vegetation and enough space to accommodate no less than 38 buildings:
The partnership is selling stakes in the 220-acre island, Big Cave Cay, as part of a project to build a “high-end residential club community, luxury resort and marina” offering “unparalleled barefoot luxury” on the property, which also includes Little Cave Cay and more than 3,000 acres of land connecting the two islands, according to the suit.
Luxury Launches describes the island offerings further:
The main house featured a protected, deep-water harbor and a marina with a floating cement dock system. The island that flaunted an airstrip also had a clubhouse and restaurant, and three guesthouses with hotel rooms are still under construction.
The spot is advertised by agents Vladi Private Islands, who dub the James Bond island perfect for development as an eco-resort, boutique hotel, or private estate.
If the lawsuit works out in Prince Sultan bin Salman’s favour, Richard Branson’s Caribbean Islands might have some serious competition in terms of luxury getaways for the super-rich and famous.
[sources:luxurylaunches&bloomberg&mirror]
