News broke over the weekend that the Saudi Kingdom had detained 11 princes, four ministers, and 34 other senior officials, former ministers, and prominent business owners as part of an anti-corruption campaign. All are apparently being held at Riyadh's Ritz Carlton Hotel and sleeping on thin mattresses placed on the floor in a ballroom – including billionaire investor Prince Al-Waleed bin Talal, who is well known in the West for investments in such companies as Citigroup, Twitter, and Apple.
The Western media has reported this move as part political shakeup, part coup prevention, and part power play by the young, ambitious Crown Prince Mohammed bin Salman.
As usual, they're missing the real story.
It's all about the money.
What's happening in Saudi Arabia is all about money – who's had it and, more importantly, who will have it very shortly.
Make no mistake about it, this is a big story, perhaps even the story of a generation. It's also a phenomenal opportunity for savvy investors.
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