The Saudi royal family is estimated to have a total net worth of $1.4 trillion, nearly four times the assets of Elon Musk and Bill Gates combined.
King Salman bin Abdulaziz Al Saud, current head of the Saudi Royal Family. Photo: AFP
According to Forbes, the net worth of Elon Musk, the richest person in the world today, is about $251.5 billion. Meanwhile, Bill Gates, founder of Microsoft, has an estimated fortune of $119.6 billion. However, the assets of these two billionaires are only a small part of the Saudi Royal Family.
The Saudi Royal Family is one of the most powerful and wealthy families in the world. Their net worth is estimated at 1.4 trillion USD, nearly 4 times that of Elon Musk and Bill Gates combined. This family has a huge influence on the future of the Arabian Peninsula and the world energy environment.
According to a report by business consulting firm Brand Finance, the British Royal Family, currently headed by King Charles III, has a net worth of about 88 billion USD. This means that the Arab Royal Family is about 16 times richer than King Charles’ family.
The Arab royal family has more than 15,000 members, but most of its assets are controlled by about 2,000 people with status. They are descendants of the late King Abdulaziz bin Abdul Rahman, who founded the Kingdom of Saudi Arabia in 1932.
King Salman bin Abdulaziz Al Saud, who has ruled the country since 2015, currently heads the Saudi Royal Family. Mohammed bin Salman is the most famous son and heir to the throne. Crown Prince Mohammed bin Salman currently serves as Prime Minister of Saudi Arabia.
Huge oil fields were discovered in Saudi Arabia about seven decades ago, under King Abdulaziz bin Abdul Rahman. This is said to be the source of this family’s wealth. The Saudi royal family does not publicly disclose financial data, but its lavish lifestyle attracts a lot of public attention.
