With a net worth of £1.1 trillion ($1.4 trillion), the family is nothing short of astonishing.
The British Royal Family is already famous for its impressive fortune of £69 billion ($88 billion). However, when compared to the House of Saud – the royal family that rules Saudi Arabia, the British Royal Family’s fortune is only 1/16th.
Currently, the world’s richest person, Elon Musk, has 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 fortune of about 103 billion USD. Even if the assets of these two famous billionaires are combined, it is still only about 1/4 of the assets of the House of Saud.
The House of Saud – the royal family that rules Saudi Arabia, with a fortune four times that of Elon Musk and Bill Gates combined.
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 vast 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.
Crown Prince and Prime Minister of Saudi Arabia Mohammed bin Salman Bin Abdulaziz Al Saud.
Not only famous for its political power, the House of Saud is also known for its overwhelmingly lavish lifestyle, owning many magnificent palaces, private jets, luxury yachts and expensive art collections.
The magnificent Al Yamamah Palace is the official residence and office of Saudi Arabia’s King Salman bin Abdulaziz Al Saud. The 371,612-square-meter palace was built in the country’s signature Najdi style in 1983 and boasts 1,000 rooms with unprecedented amenities such as a cinema, a mosque, a bowling alley and multiple swimming pools.
The family’s notable luxury assets include: the 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 Arabian royal family’s super yacht.
Inside a private jet of the House of Saud
Leonardo Da Vinci’s legendary painting Salvator Mundi.
The wealth of Middle Eastern monarchies, especially the House of Saud, began to explode after the fall of the Ottoman Empire. By effectively exploiting precious resources, besides the House of Saud, royal families in the UAE, Oman, Bahrain, Qatar and Kuwait quickly accumulated huge fortunes, living a life that many people only dream of.
But what makes the House of Saud different is not only their huge fortune, but also the way they spend and show their power. Every transaction, every luxury item they own makes the whole world curious. They are not simply the richest royal family in the world, but also a symbol of power and luxury.
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