Neumann, Klein, Novogratz Lured to Miami by Saudi Billions (1)

It takes a lot to bring private equity billionaires, crypto titans, some of the most important people from the Trump administration and a fallen tech founder into one room.

But that’s the power and reach of Yasir Al-Rumayyan, gatekeeper to about $650 billion of Saudi Arabia’s sovereign money.

Watch: Michael Novogratz speaks at the FII Institute Priority summit.

Source: Bloomberg

The governor of the Public Investment Fund spoke for just 10 minutes to more than 400 attendees in Miami Beach on Thursday, kicking off a two-day conference that serves to attract money to the kingdom as well those seeking to tap into its wealth.

Minutes before he started, Adam Neumann ...