Mohammed bin Salman Al Saud, colloquially known by his initials MBS or MbS, is Crown Prince and Prime Minister of Saudi Arabia. He also serves as the chairman of the Council of Economic and Development Affairs and the chairman of the Council of Political and Security Affairs. He is considered the de facto ruler of Saudi Arabia, being deemed as such even before his appointment as prime minister in 2022. He has a reported personal wealth of at least $25 billion.