stepfeed - 12/7/2017 1:02:45 PM - GMT (+3 )
Despite Prince Bader's relatively obscure status, he is seen as a close friend of Crown Prince Mohammed bin Salman and has become more prominent in the kingdom since the crown prince's ascension. According to documents provided to the auction house and reviewed by The New York Times, Prince Bader listed that his fortune comes from "real estate."
Prince Bader is part of the Farhan branch of the royal family, which traces its lineage to an 18th-century Saudi ruler, not to King Abdulaziz ibn Saud, the founder of the modern-day kingdom. However, Prince Bader attended King Saud University in Riyadh around the same time or along with Prince Mohammed.
Following the crown prince's quick rise to power, he promoted Prince Bader within the kingdom. In fact, Prince Bader now serves as the chairman of Saudi Research and Marketing Group, which was traditionally controlled directly by the crown prince's family. The Group publishes the renowned Pan-Arab newspaper Al Sharq Al Awsat and other publications.
Prince Mohammed also put Prince Bader in charge of governing a commission overseeing the development of Al Ola, which contains an important archaeological site. Enhancing the touristic value of the site has been listed as an important priority of the kingdom's Vision 2030 plan.