Public Investment Fund

In LIV’s first year, every tournament paid a purse of US$25 million, and even the last-place golfer was guaranteed to take home US$120,000.

The Saudi government has been buying up stakes in Japanese and South Korean gaming companies, part of a US$38 billion push to lower the kingdom’s reliance on oil.

SINGAPORE (Oct 14): SoftBank Group Corp. said it will form a new fund to invest as much as US$100 billion ($138 billion) in the global technology industry in the next five years, partnering with Saudi Arabia’s public investment fund to find tech compani