This is the richest family in the world – Their net worth is higher than the combined income of Elon Musk, Mukesh Ambani and Ratan Tata – They own gold-plated cars – Lifestyle News

The House of Saud, Saudi Arabia’s ruling royal family, is often considered the richest family in the world, surpassing the total wealth of famous billionaires such as Elon Musk, Mukesh Ambani, Ratan Tata and Gautam Adani. With an estimated net worth of over $1.4 trillion, this royal dynasty has wielded considerable power since its founding in 1744.

A brief overview of the House of Saud

Since coming to power, the House of Saud has maintained its position as one of the wealthiest and most influential families in the world. The family includes around 15,000 members, but most of its wealth and influence is concentrated in a core group of around 2,000 people. The family’s wealth comes primarily from their vast oil reserves and investments.

King Salman bin Abdulaziz Al Saud, the current monarch, leads the family, whose personal fortune is estimated at $18 billion. Another prominent family member, Prince Alwaleed bin Talal, once had a net worth of $13.4 billion. However, that number has fluctuated, particularly after his arrest on corruption charges in 2017.

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The Al-Sabah Family of Kuwait: A Close Second

After the House of Saud, the Al Sabah family in Kuwait is the second richest royal family with an estimated fortune of around $360 billion. This family has ruled since 1752 and is known for its significant investments in US stocks. Some estimates suggest her actual wealth may be even higher, given her significant holdings in major American companies.

Qatar’s House of Thani: Wealth and Controversy

In third place is Qatar’s ruling family, the House of Thani, with an estimated fortune of $335 billion. This family controls high-profile assets, including the iconic Shard in London and Harrods, as well as shares in multinational companies such as Volkswagen and British Airways. However, the family’s reputation was damaged by revelations from the Pandora Papers, which suggested tax avoidance on luxury properties in London.

The majesty of Al Yamamah Palace

Al Yamamah Palace serves as the official residence of the King of Saudi Arabia. This magnificent palace was built in 1983 and covers an area of ​​4 million square meters. It showcases traditional Najdi architecture with Italian marble, ornate wall panels and intricately carved ceilings. Inside there are 1,000 rooms, a spacious cinema, a bowling alley, several swimming pools and even a mosque.

Other spacious residences

The royal family owns several other extravagant palaces, such as Al-Awja Palace, a retreat for King Salman where he hosts visiting dignitaries. According to historian Rashid bin Mohammed bin Asaker, this palace is a prime example of distinctive Saudi architecture. The Erga Palace in central Riyadh serves as the family’s office and hosts VIP meetings and government events.

Art collection fit for royalty

The House of Saud has a deep appreciation for art and has a collection ranging from traditional Islamic art to masterpieces by renowned artists. Notable acquisitions include that of Leonardo da Vinci Salvator MundiBought for an incredible $450 million by Pablo Picasso Les Femmes d’Algerwhich cost $160 million in 2015. The family also owns works by contemporary artists such as Takashi Murakami, Jeff Koons and Damien Hirst.

Luxurious yachts and private jets

The royal family’s penchant for luxury extends to their fleet of yachts and private jets. Prince Mohammed bin Salman owns the $400 million superyacht Cheerfulwith an internal seawater pool, two helipads and even a snow room. The yacht has become a floating gallery Salvator Mundi.

Another 484-foot yacht is owned by Prince Abdulaziz and can accommodate 64 guests with generous amenities such as a gym, sauna and swimming pool. In addition, the royal family owns a converted Boeing 747-400, which has been converted into a luxurious aviation villa with gold-plated furnishings.

Unique extravagance

In a remarkable display of wealth, the Saudi royal family once booked individual seats for each of its members’ 80 falcons on a flight to the United Arab Emirates. This extravagant gesture highlights the family’s unique lifestyle.

Supercars: A Collection of Automotive Excellence

Luxury cars also occupy a significant place among the family’s assets. Turki Bin Abdullah, a Saudi billionaire, owns a collection worth $22 million, which includes high-end models such as the Lamborghini Aventador SuperVeloce, the Rolls-Royce Phantom Coupe and a gold-plated Lamborghini Aventador SV.