Saudi Deputy Crown Prince Mohammed bin Salman has been ranked 42nd Bloomberg’s list of the 50 Most Influential People in the world of finance.
Bloomberg said that the 31-year old prince has drawn up a plan to transform the world’s biggest crude exporter into a diversified economy fit for the next era, almost eight decades after oil was discovered in Saudi Arabia.
Deputy Crown Prince Mohammed bin Salman with Mark Zuckerberg, CEO of Facebook.
“Several of his titles include the word ‘deputy,’ Bloomberg wrote, but don’t be fooled. Prince Mohammed has a larger portfolio than the crown prince, and since his 80-year-old father ascended to the throne last year, the prince has gained control over the state oil company, become chair of the main economic council, and been named defense minister.”
Bloomberg has gained unprecedented access to the Deputy Crown Prince over the last year. The publication was granted exclusive interview access to Prince Mohammed twice before the launch of Vision 2030.
“Almost eight decades after the first Saudi oil was discovered, the 31-year-old has drawn up a plan to transform the world’s biggest crude exporter into a diversified economy fit for the next era. He’s readying the state oil company for an IPO, so he can pump the proceeds into other industries,” Bloomberg wrote.
