The net worth and finances of the British Royal Family are often under the scrutiny of the media and the public.Business consultancy firm Brand Finance estimated the Firm now being led by King Charles III has a net worth of $88billion (£69bn).
While this is an eye-watering number, the British Firm is far from being the richest royal family in the world. The title can be easily claimed by the House of Saud, the ruling royal family of Saudi Arabia, which has an estimated net worth of $1.4 trillion (£1.1tr).
This means the rulers of Saudi Arabia have a net worth estimated to be nearly 16 times that of King Charles’s family.
Moreover, this family is believed to be worth four times more than the combined net worth of two of the biggest billionaires in the world – Elon Musk and Bill Gates. While Forbes estimates the Tesla founder and X owner is currently worth $243.5bn (£190bn), the founder of Microsoft turned philanthropist is reportedly worth $118bn (£92bn).
The Saudi Royal Family includes descendants of Muhammad bin Saud, the founder of the Emirate of Diriyah in the 18th century – also known as the First Saudi state.
This family is composed of some 15,000 members – although the majority of wealth is held by around 2000 relatives.The ruling faction of the family comes from the descendants of Abdulaziz bin Abdul Rahman, the modern founder of Saudi Arabia.
The current head of the family is King Salman bin Abdulaziz Al Saud, who has been reigning his nation since 2015.
His most famous son and heir apparent is Mohammed bin Salman. Also known as MBS, the Crown Prince is the current Prime Minister of his country and is seen by many as the de facto ruler of Saudi Arabia.
MBS and King Salman oversee an absolute monarchy and autocratic state where civil liberties and political rights are restricted.
The origin of this family’s wealth is believed to derive largely from the vast oil reserves uncovered in the country seven decades ago, during the reign of King Abdulaziz ibn Saud.
While the Saudi royals keep details of their finances private, their lavish lifestyle and big spending often attract the attention of the public.
As most royal families, the House of Saud has an official residence serving as the King’s office – the lavish Al Yamamah Palace, a building built in 1983 in Riyadh which spans four million square feet and includes Italian marble floors, around 1,000 rooms and several amenities such as a cinema and bowling alley.
The Saudis also have several other properties scattered around the world, including France’s Chateau Louis XIV, bought in 2015 by MBS for some $300 million (£235m). Other extravagant purchases believed to have been made by MBS include Leonardo da Vinci’s Salvator Mundi painting – won following a bidding war with Qatari royals – and a $500m (£392m) yacht.
Among other means of transport owned by members of the Saudi Royal Family are opulent supercars. One of its members, Turki Bin Abdullah, reportedly owns a fleet of gold-plated cars including a Rolls-Royce Phantom Coupe, a Lamborghini Aventador SuperVeloce and a Bentley.
