Connect with us

Business

£305m Newcastle for Bin Salman was nothing compared to his other purchases

Published

on

Bin Salman

Newcastle’s £305million purchase by the Saudi Public Investment Fund may seem like an expensive deal, but it pales into comparison against some of Mohammaed Bin Salman’s other purchases.

The Saudi Crown Prince is said to have a net worth of around £320billion, which would make him the wealthiest football club owner in the world.

Newcastle supporters are still celebrating the news of their sale, with much-derided former owner Mike Ashley finally relinquishing control of the club after a torrid 14-year tenure.

The Magpies are expected to rocket up the Premier League in the coming years, with huge investment from Bin Salman planned.

However, his £305m deal to buy Newcastle is far from out of character for the extravagant royal.

One of the 36-year-old’s most pricey purchases was a $500m superyacht named Serene.

Bin Salman

Bin Salman $500m Superyatch

The half a billion dollar yacht may seem less valuable than St. James Park, but it’s not too far off rivaling the stadium’s size at an astonishing length of 440 feet.

The superyacht also included two helipads, and indoor climbing wall, a fully equipped spa and three swimming pools, making it far more luxurious than the rundown dressing rooms at St. James’.

Nigeria Can’t Have Peace Without Justice – Reno Omokri Slams Arrest Of Actor Chiwetalu Agu

The purchase was made in 2016 when Bin Salman spotted the vessel while on holiday in France and quickly made a Russian oligarch an offer he couldn’t refuse.

Way below the yacht in size, but only just in value, was another item which still holds a world record.

In 2017, Leonardo da Vinci’s famed painting ‘Salvator Mundi’ was purchased for a stunning $450m, but the identity of the buyer wasn’t revealed.

The Wall Street Journal later reported that US intelligence officials kept a close eye on the Prince, and realised he made the winning bid via a proxy during an auction at Christie’s in New York.

The painting of Jesus Christ is now on display in the Louvre Abu Dhabi, and was again another purchase from a Russian businessman, who paid $127m for it in 2013.

Much like Bin Salman’s superyacht, the royal clearly has a penchant for France, with a house he bought in 2015 situated outside of Paris, only a short helicopter trip from his boat.

The $300m mansion is named the Chateau Louis XIV and was named by Forbes as ‘The world’s most expensive home’ after its sale.

Despite its beautiful 17th-century design, the extraordinary 75,350 square-foot property was built between 2008 and 2011, with British firm Eight Investment backing the sale, much like they did for the purchase of Serene.

The new-build is a surprise to the naked eye, but once you get inside it’s just as glamorous and modern as Bin Salman’s superyacht, with a sound system and air conditioning that can be controlled via a mobile phone.

The property is surrounded by a moat, which includes a transparent underwater chamber to reveal rare sturgeon and koi swimming overhead.