Jeddah, Sep 23: Deputy Crown Prince Mohammed bin Salman has been named on the list of Bloomberg’s 50 Most Influential People in the World of Finance.
Bloomberg notes that almost eight decades after oil was discovered in Saudi Arabia, 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 is readying the state oil company (Saudi Aramco) for an IPO, so he can pump the proceeds into other industries,” said Bloomberg.
UK Prime Minister Theresa May took the top spot. US presidential candidates, Donald Trump and Hillary Clinton, are tied up in the second place.
At No. 4 is Chinese President Xi Jinping. “The importance of Xi Jinping can’t be overstated, as he pulls the levers of an economy that, for better or worse, is the biggest source of global growth,” Bloomberg said.
As in previous years, Bloomberg asked dozens of its reporters and editors to nominate candidates. Then a panel of senior editors vetted and voted, narrowing the field from more than 100 names down to 50.
The list consists of “a group of individuals who, followed singularly or collectively, drive some of the major trends sweeping the world of finance,” said Bloomberg.
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