The Al Saud family has sold off more than $600m (£477m) of assets after being ordered to tone down their lavish lifestyles by the crown prince of Saudi Arabia.
Mohammed Bin Salman issued the edict to thousands of minor princes who have gained vast fortunes from oil deals and contracts involving the government.
According to the Wall Street Journal, more than $600m of assets, ranging from yachts to mansions, have been sold since MBS, as he is known, came to power in 2017. Some of the properties sold include an $87m mansion near the Eiffel Tower, a $30m Los Angeles mansion, and the $155m estate in the Cotswolds sold by Bandar bin Sultan in 2021.
