The ruling royal family of Saudi Arabia is regarded as the wealthiest family globally – The House of Saud which is regarded to surpass even the high-profile billionaires including Elon Musk, Mukesh Ambani, Ratan Tata and Gautam Adani. The family’s net worth is exceeding $1.4 trillion and has made a significant power since 1744.
Richest family of Saudi Arabia: A closer look
The House of Saud has made its position in the category of one of the world’s most richest and influential families.Their family comprises around 15,000 members although majority if their wealth is concentrated among the core ground of about 2,000 people. Their wealth is derived from vast oil reserves.
Currently King Salman bin Adbdulaziz AI Saud leads the family with his personal net worth of $18 billion. Another important family member Prince Alwaleed bin Talal once had a net worth of $13.4 billion because of 2017 arrest on corruption charges his net worth figures fluctuated.
Luxurious residence of the House of Saud
The official residence of the family, the AI Yamamah Palace built in 1983 around 4 million square feet. This palace showcases the traditional Najdi architecture beautifully designed with Italian marble and carved ceilings. This features 1000 rooms, a movie theatre, bowling alley, swimming pools and even a mosque.
The House of Saud owns several other extravagant palaces including AI-Awja Palace, a retreat for king Slaman where he hosts visiting dignitaries. According to the historian Rashid bin Mohammed bin Asaker, this palace is the prime example of Saudi architecture.
Lavish lifestyle of the royal family of Saudi Arabia
The House of Saud has a deep connection of art boasting a varied collection of traditional Islamic artwork and masterpieces by the renowned famous artists. Some of the renowned include Salvator Mundi by Leonardo da Vinci which was purchased for $450 million and an exclusive art piece by Pablo Picasso’ Les Femmes d’Alger costing up to $160 million. The royal family’s lavish yachts and private jets will amaze everyone. A superyacht of $400 million owned by Prince Mohammed bin Salman features a seawater pool, two helipads and even a snow room. There is another yacht belonging to Prince Abdulazaz which can accommodate 64 guests with luxurious amenities including gym, swimming pool and more.
The family’s car list included a luxurious collection including Lamborghini, Aventador SuperVeloce, Rolls-Royce Phantom Coupe and even gold plated Lamborghini Aventador SV.
Other top 2 world’s wealthiest families
AI Sabah family of Kuwait
AI Sabah family of Kuwait ranks as the second richest family with an estimated wealth of $360billion. This family has been in a ruling position since 1752 and is known for its investments in US shares.
Qatar’s House of Thani
After the royal family of Kuwait, the following royal family leads the list of the wealthiest families. The House of Thani with an estimated net worth of $335 billion. Not only this, but the family also holds the wealthiest assets including the iconic Shard, London and Harrods along with stakes in multinational companies such as Volkswagen and British Airways.
Also Read | Mark Zuckerberg’s net worth surpasses Jeff Bezos; becomes world’s second richest person