Meet the world's richest family with a net worth of $1.4 Trillion: Elon Musk, Jeff Bezos, & Mukesh Ambani combined wealth not even close
The House of Saud is known as the world's richest family with a staggering net worth of over $1.4 trillion, surpassing the combined wealth of billionaires like Elon Musk and Mukesh Ambani. Their opulent lifestyle, huge oil reserves, and substantial investments contribute to their enduring power and influence globally.
In the world of wealth and power, one name stands out above all others¡ªthe House of Saud. The ruling royal family of Saudi Arabia was established in 1744 and is widely seen as the wealthiest family in the world. Their net worth is much higher than the combined wealth of the world's top billionaires, including Elon Musk ($258.7 billion), Larry Ellison ($203.3 billion), Mark Zuckerberg ($201.5 billion), Jeff Bezos ($200.2 billion) including India's Mukesh Ambani ($110.8 billion) and Gautam Adani ($81.9 billion) as of today in Forbes list. Even the GDP of Saudi Arabia which is around $1.11 trillion is less than its wealth. With an estimated net worth of more than $1.4 trillion, as reported in DNA India.
A Closer Look at the House of Saud
Since it came to power, the House of Saud has remained one of the richest and most influential families worldwide. According to Financial Express, The family has around 15,000 members, but most of the wealth and power is concentrated among about 2,000 people. Their immense fortune mainly comes from the vast oil reserves that were founded 75 years ago in Saudi Arabia and smart investments.
King Salman bin Abdulaziz Al Saud is the current leader of the family, and his personal net worth is estimated at $18 billion. Another key figure, Prince Alwaleed bin Talal, used to have a net worth of $13.4 billion, although this amount has changed, especially after he was arrested on corruption charges in 2017.
Other Wealthy Royal Families
After the House of Saud, the Al Sabah family of Kuwait is the second richest royal family, with an estimated wealth of $360 billion. This family has ruled since 1752 and is well-known for its significant investments in U.S. stocks. Some estimates even suggest that their actual wealth could be higher, considering their interests in major American companies.
In third place is Qatar¡¯s ruling family, the House of Thani, with an estimated fortune of $335 billion. They own high-profile properties, including the famous Shard in London and Harrods, along with shares in global companies like Volkswagen and British Airways. However, their reputation has taken a hit due to the Pandora Papers, which indicated that they might be avoiding taxes on luxury properties in London.
The Opulent Residences of the House of Saud
The official residence of the King of Saudi Arabia is the Al Yamamah Palace, built in 1983 and covering an impressive 4 million square feet. This grand palace showcases traditional Najdi architecture and is decorated with Italian marble, artistic wall panels, and intricate ceilings. Inside, it boasts 1,000 rooms, a luxurious movie theater, a bowling alley, several swimming pools, and even a mosque.
The royal family also owns other lavish palaces, such as the Al-Awja Palace, a retreat for King Salman where he hosts visiting dignitaries. Historian Rashid bin Mohammed bin Asaker describes this palace as a prime example of unique Saudi architecture. The Erga Palace in central Riyadh serves as the family¡¯s office and hosts important meetings and government events.
An Impressive Art Collection
The House of Saud has a deep love for art, featuring a collection that ranges from traditional Islamic works to modern masterpieces. Some notable pieces include Leonardo da Vinci¡¯s Salvator Mundi, purchased for an astonishing $450 million, and Pablo Picasso¡¯s Les Femmes d¡¯Alger, which sold for $160 million in 2015. The family also owns works by contemporary artists like Takashi Murakami, Jeff Koons, and Damien Hirst.
Luxury Beyond Compare
The royal family's love for luxury extends to their impressive collection of gold-studded yachts and private jets. Prince Mohammed bin Salman owns the $400 million superyacht Serene, which features an internal seawater pool, two helipads, and even a snow room. The yacht has become a floating gallery for the Salvator Mundi.
Another yacht, measuring 484 feet, belongs to Prince Abdulaziz and can host 64 guests. It offers lavish amenities such as a gym, sauna, and swimming pool. Additionally, the royal family has a converted Boeing 747-400, turned into a luxurious airborne mansion complete with gold-plated fixtures.
For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here.