Khalid of Saudi Arabia Net Worth

Background and career

Khalid bin Abdulaziz Al Saud (13 February 1913 – 13 June 1982) was King and Prime Minister of Saudi Arabia from 25 March 1975 until his death in 1982. Before his ascension, he was Crown Prince of Saudi Arabia. Khalid was the sixth son of King Abdulaziz, the founder of the Kingdom of Saudi Arabia.

Khalid was the son of King Abdulaziz and Al Jawhara bint Musaed Al Saud. He assisted his half-brother Prince Faisal in his duties as foreign minister of Saudi Arabia. Khalid served as viceroy of the Hejaz region for a brief time in the 1930s. He visited the United States in 1943 together with Faisal, establishing diplomatic relations between the two countries. He was appointed deputy prime minister of Saudi Arabia in 1962. King Faisal named Khalid as crown prince in 1965, after Khalid's full brother Prince Muhammad removed himself from the line of royal succession.

Following the assassination of King Faisal in 1975, Khalid ascended to the throne. His reign saw both huge developments in the country due to an increase in oil revenues and also significant events in the Middle East. In 1979, a group of civilians seized the Grand Mosque of Mecca and sought but failed to kidnap Khalid. Saudi forces regained control over the mosque, but the seizure resulted in the introduction of stricter religious policies in Saudi Arabia. Khalid died in 1982 and was succeeded by his half-brother Fahd.