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==Background and overview== The House of Saud has gone through three phases: the Emirate of Diriyah, the First Saudi State (1744–1818), marked by the expansion of Wahhabism; the Emirate of Nejd, the Second Saudi State (1824–1891), marked with continuous infighting; and the Third Saudi State (1902–present), which evolved into Saudi Arabia in 1932 and now wields considerable influence in the Middle East. The family has had conflicts with the Ottoman Empire, the Sharif of Mecca, the Al Rashid family of Ha'il and their vassal houses in Najd, numerous Islamist groups both inside and outside Saudi Arabia and Shia minority in Saudi Arabia. The succession to the Saudi Arabian throne was designed to pass from one son of the first king by the name of Ibn Saud to another. The next in line, Crown Prince Mohammad bin Salman, is the son of King Salman. The king-appointed cabinet includes more members of the royal family. The monarchy was hereditary by agnatic seniority until 2006, when a royal decree provided that future Saudi kings are to be elected by a committee of Saudi princes. House of Saud is a translation of Al Saud, an Arabic dynastic name formed by adding the word Al (meaning "family of" or "House of") to the personal name of an ancestor. In the case of the Al Saud, the ancestor is Saud ibn Muhammad ibn Muqrin, the father of the dynasty's 18th century founder Muhammad bin Saud (Muhammad, son of Saud). Today, the surname "Al Saud" is carried by any descendant of Muhammad bin Saud or his three brothers Farhan, Thunayyan, and Mishari. Al Saud's other family branches like Saud al-Kabir, the Al Jiluwi, the Al Thunayan, the Al Mishari and the Al Farhan are called cadet branches. Members of the cadet branches hold high and influential positions in government though they are not in the line of succession to the Saudi throne. Many cadet members intermarry within the Al Saud to reestablish their lineage and continue to wield influence in the government. All members of the royal family have the title of Emir (Prince) but sons, daughters, patrilineal granddaughters and grandsons of Kings are referred to by the style "His Royal Highness" (HRH), differing from patrilineal great-grandsons and members of cadet branches who are called "His Highness" (HH), while the reigning king uses the additional title of Custodian of the Two Holy Mosques. In June 2015 ''Forbes'' listed Prince Al-Waleed bin Talal as the 34th-richest man in the world, with an estimated net worth of US$28 billion. Prince Al-Waleed had a net worth of $20.4 billion in 2014. By 2016, according to the TeleSUR, King Salman "net worth was estimated at US$17.0 billion". The net worth of the entire royal family has been estimated at well over $2 trillion which makes them one of the wealthiest families in the world if not the wealthiest.
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