The richest family in the world possesses wealth 16 times greater than that of the British royal family.
The British royal family is estimated to be worth nearly 69 billionpounds (88 billion dollars), with their fortune primarily derived from real estate holdings and the family brand.
Their valuable assets include the highly lucrative Duchies of Cornwall and Lancaster, the prestigious Savoy Hotel, and Somerset House, valued at 652.8 million pounds (755.4 milliondollars).
King Charles III’s personal wealth is estimated at close to 559.6 million pounds (772 million dollars), making him the 258th richest person in the United Kingdom (UK).
However, there is one royal family whose wealth surpasses even the richest individuals in the world, including Elon Musk and Bill Gates.
The House of Saud, the ruling royal family of Saudi Arabia, has an estimated net worth of an astounding 1.1 trillion pounds (1.4 trillion dollars).
The world’s richest person, Elon Musk, has a net worth of 264.8 billion pounds (304 billion dollars), while Microsoft mogul Bill Gates has a net worth of 81.5 billion pounds (105 billion dollars). The House of Saud’s net worth is so vast that it is approximately 16 times greater than that of the British royal family.
The Saud family’s staggering wealth largely stems from vast oil reserves, numerous grand palaces, private jets, luxury yachts, and a highly valuable art collection.
Furthermore, Middle Eastern monarchies have experienced an exponential rise in power and wealth over the past 50 years.
The Saudi royal family is estimated to have nearly 15.000 members, with most of the wealth concentrated among 2.000 relatives. King Salman bin Abdulaziz Al Saud, who has reigned since 2015, is the formal head of the family. His most notable son and heir, Mohammed bin Salman Al Saud, serves as the country’s de facto ruler.
According to reports, the Saudis have been very active in recent years in expanding their assets. They acquired the French Chateau Louis XIV for 235 million pounds (300 million dollars), Leonardo da Vinci’s painting Salvator Mundi for 349.6 million pounds (450 million dollars), and several yachts valued at 392 million pounds(500 million dollars) – sums that appear trivial given the total wealth of this royal family.
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source sarajevotimes.com ’
