The Saudi Public Investment Fund is a government-controlled fund that has $650 billion in assets under management, according to its most recent filing.
A state-owned investment fund like the PIF is not unique.
Critics of LIV Golf accused the Saudis of backing the new tour as a form of “sportswashing” its reputation.
For example it’s not clear exactly how much it invested to start up LIV Golf.
CNN has not been able to confirm that report, but what is known is that LIV Golf tournaments have been held on Trump Organization properties.
Persons:
petro, LIV Golf, LIV, Yasir Al, Rumayyan, Cristiano Ronaldo, Karim Benzema, ”, Elon Musk, Jared Kushner, Donald Trump’s, Kushner, Mohammed bin Salman, Bin Salman, Jamal Khashoggi, – CNN’s Coy Wire, Jack Bantock, Steve Almasy
Organizations:
New, New York CNN, Saudi, Saudi Public Investment Fund, Sovereign Wealth Fund, PGA, Soccer, Saudi Aramco, Newcastle United, Saudi Pro League, CNBC, Electronic Arts, EA, Activision Blizzard, Ticketmaster, Carnival Corp, Twitter, Washington Post, CNN, Trump Organization, US State Department, Congress
Locations:
New York, Europe, Saudi, English, Al, Saudi Arabia, al Qaeda