The New York Times reported that the victor of the sale at Christie's on November 15 was a Saudi prince, Bader bin Abdullah bin Mohammed bin Farhan al-Saud, citing documents provided to the newspaper from inside Saudi Arabia.
Prince Bader is part of the Farhan branch of the royal family, which traces its lineage to an 18th-century Saudi ruler, not to King Abdulaziz ibn Saud, the founder of the modern-day kingdom.
The Times said the huge purchase comes at a curious time for Saudi Arabia when Prince Mohammed cracked down on more than 200 of the richest Saudi princes, businessmen, and government officials after the country had been pressed by low oil prices. However the identity of the buyer has remained an elusive secret with speculation now focusing on the Abu Dhabi Royals as the purchaser.
Christie's auction house sold the work of art to an anonymous buyer, but it has recently been revealed that a Saudi prince bought Leonardo's painting.
The firm's website describes him as "one of Saudi Arabia's youngest" entrepreneurs, present in sectors including real estate, telecommunications and recycling.
The result obliterated previous world records for an art sale of any kind, including the auction high of US$179.4 million for a Pablo Picasso painting sold in 2015.
The island will also feature the Zayed National Museum, which had signed a loan deal with the British Museum - although the arrangement has come increasingly into question due to construction delays.
Salvator Mundi is just one of 20 paintings in existence that have been extensively verified to confirm they were created by the hand of da Vinci.
The museum opened with about 600 pieces including items from early Mesopotamia.
Bidding was strong for the Leonardo da Vinci painting.
The painting is one of the few last artworks created by da Vinci that is known to exist.
In the UAE will have the most valuable painting of Leonardo da Vinci.
It had sold for a mere £45 pounds in 1958, when the painting was thought to have been a copy, and was lost until it resurfaced at a regional auction in 2005.