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Features

How Saudi Arabia bought the world

How Saudi Arabia is buying the world

17 June 2023

9:00 AM

17 June 2023

9:00 AM

What do you get for the man who has everything? Saudi Arabia’s ruler, Mohammed bin Salman, is said to have a $500 million yacht, a $450 million Leonardo painting and a $300 million French château. Now he’s acquired a new bauble: American golf. Saudi Arabia’s Public Investment Fund (PIF) has negotiated a controlling interest in the main US golf tournament, the PGA Tour, merging it with a rival league the fund already owns, LIV Golf.

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