Johnny Depp, Gwyneth Paltrow, and more have cashed out at least a million as Saudi Arabia pushes to create better cinema content.
While there may be insanely rich people in the world, experts suggest that Mohammed bin Salman, the Crown Prince of Saudi Arabia, wields the greatest financial power thanks to the country’s vast resources, notably its Public Investment Fund valued at around $750 billion.
Bin Salman, commonly known as MBS, has been strategically using these funds to court Hollywood’s elite in a bid to normalize Saudi Arabia despite ongoing allegations of human rights abuses, according to the NYPost.
La La Land luminaries like Will Smith, Gwyneth Paltrow, and Johnny Depp have reportedly been among those enticed by the kingdom’s allure, with some receiving hefty sums of money to attend events such as the Red Sea Film Festival in Jeddah.
While Elon Musk boasts a net worth of $202 billion, experts argue that MBS has greater liquid assets readily available for such endeavors.
Saudi Arabia’s ambition to become the largest sovereign wealth fund in the world by 2030 has led to significant investments in Western businesses and entertainment ventures, including partnerships with Uber, Disney, and Boeing, among others.
The movie industry, recognizing the potential financial windfall, has been eager to capitalize on Saudi Arabia’s investment.
Hollywood studios are actively pursuing Saudi funding to finance their projects, seeking audiences with the highest echelons of Saudi authority to secure lucrative deals.
Saudi Arabia has been making concerted efforts to boost its film industry’s profile, announcing grants and initiatives aimed at developing local talent and attracting international partners.
At events like the Cannes Film Festival, Saudi entities have pledged substantial sums to foster an environment conducive to cinematic production, while initiatives like Daw provide financial support for local filmmakers and production companies.
As Saudi Arabia continues to invest in its film industry, Hollywood stars like Johnny Depp find themselves at the center of a lucrative and controversial courtship, highlighting the intersection of entertainment, geopolitics, and commerce on the global stage.
News
What you didn’t know about Johnny Depp’s guitar skills.
Beyond the silver screen and the allure of Hollywood’s glitz and glamor lies a lesser-known facet of Johnny Depp’s life – his profound passion for playing the…
The subtle clues Johnny Depp gave us about AH’s true nature
Times Johnny Depp Tried To Warn Us Johnny Depp is a man who has had a very interesting life in ways that are both funny, and sad….
The controversial poster of pirates of the Caribbean 6 starring Johnny Depp
There is a new Pirates of the Caribbean 6 poster that has gone viral online with a movie title listed as Pirates of the Caribbean: Demons of the Corsair. The…
Johnny Depp celebrates Amber Heard victory with £50K Indian banquet
‘Once in a lifetime moment’ at the Varanasi in Broad Street, Birmingham Hollywood star Johnny Depp was joined by his musician friend Jeff Beck, 77, and around…
Johnny Depp’s ‘favourite’ curry house Varanasi about to open in Leicester
Johnny Depp who is reported to have said ‘it was the best curry he’s ever had!’ Varanasi, a popular Indian restaurant is expanding from it Birmingham branch,…
How Johnny Depp and Rod Stewart showed their love for animals with a song
Johnny Depp and Sir Rod Stewart joined forces over the weekend to raise money for an animal charity based in Lewisham. The duo performed at a private charity…
End of content
No more pages to load