Saudi Royals Have Been Shredding Assets Like Yachts Residences And Art As Income Reduced By Crown Prince
The perks and benefits include routine maintenance bills on airplanes, yachts, and palaces that they aren’t selling. Where previously those bills would have been footed by the Saudi Arabian government, now members of the royal family are responsible for their own spending. As a result, many have been forced to sell off some of their assets in order to pay bills and trim monthly lifestyle costs. But it isn’t just the need for some fast cash that is motivating these sales....