Did you know that there is a royal family in the world whose fortune is larger than the combined net worth of Elon Musk and Bill Gates? With a net worth of £1.1 trillion ($1.4 trillion), the House of Saud – the royal family that rules Saudi Arabia – has the world in awe.
The British royal family is already renowned for its impressive £69 billion ($88 billion) fortune. From the Duchy of Cornwall and the Duchy of Lancaster to iconic properties such as the Savoy Hotel and Somerset House, the British royal family’s assets have created a formidable brand value.
King Charles III, with a personal fortune of £559.6 million ($772 million), is also one of the world’s richest royals. But compared to the House of Saud, the British royal family’s fortune is only one-sixteenth.
To make the comparison easier to imagine, the richest person in the world today is Elon Musk with a net worth of about 303 billion USD and the billionaire who has been at the top of the global rich list for many years, Bill Gates, has a net worth of about 103 billion USD . Even if the assets of these two famous billionaires are combined, it is still only equal to nearly 1/4 of the assets of the House of Saud.
The House of Saud is a royal family whose fortune is nearly four times the combined net worth of Elon Musk and Bill Gates.
Where does the huge financial power come from?
So what accounts for the House of Saud’s extraordinary wealth? The answer lies in Saudi Arabia’s vast oil reserves. With around 15,000 family members, the majority of the wealth is controlled by around 2,000 people. The House of Saud is headed by King Salman bin Abdulaziz Al Saud, who has ruled since 2015. His son, Mohammed bin Salman (MBS), is not only prime minister but also considered the country’s ultimate authority.
Not only famous for their political power, the House of Saud is also known for its extravagant lifestyle, owning many magnificent palaces, private jets, luxury yachts and expensive art collections. Notable luxury assets of this family include: Louis XIV Palace in France worth £235 million ($300 million), Leonardo da Vinci’s Salvator Mundi painting worth £349.6 million ($450 million), and a yacht worth £392 million ($500 million). These huge figures are just a small part of their total assets.
Saudi Arabia is home to the world’s richest royal family.
The wealth of Middle Eastern monarchies, especially the House of Saud, began to explode after the fall of the Ottoman Empire. By exploiting precious resources effectively, besides the House of Saud, royal families in the UAE, Oman, Bahrain, Qatar and Kuwait quickly amassed huge fortunes, living a life that many people can only dream of.
But what sets the House of Saud apart is not just their vast wealth, but how they spend it and show off their power. Every transaction, every luxury item they own is a curiosity for the world. They are not simply the richest royal family in the world, but also a symbol of power and luxury.
