With an estimated net worth over $1!4 trillion the Saudi royal family is among the most wealthy families on the planet. However this wealth isn’t evenly shared among family members as most of it is held by senior family members 🇸🇦 👪 🔛 .
In 1744 Muhammad bin Saud founded the House of Saud in Nejd region of Saudi Arabia 🇸🇦 🏠. Through an alliance with Muhammad bin Abdul Wahhab this led to the founding of Saudi Arabia in 1932 and ever since then the House of Saud has reigned over Saudi Arabia with their family tree growing exponentially 🇸🇦 👪 🏠. King Salman bin Abdulaziz Al Saud leads their ruling dynasty alongside Crown Prince Mohammed bin Salman who is next in line for Saudi throne.
The Saudi royal family’s assets come from plethora of sources, consisting of oil wealth, investments, and business holdings 🇸🇦 👔. The Saudi government owns a majority stake in the state-run oil company Saudi Aramco and the family is believed to have significant investments in many of the world’s largest companies for example Apple, Microsoft, Citigroup, and Berkshire Hathaway 🇸🇦 ️ 👪 🌎.
The family’s wealth also derives from their vast portfolio of real estate holdings . The Saudi royal family owns a significant portion of the world’s most expensive and luxurious properties covering spa resorts golf courses palaces and high-end hotels 🇸🇦 ️ 👪 🌎 ⛳. It is estimated that the Saudi royal family owns over 25% of all 5-star hotels in the world 🇸🇦 👪 🌎.
Furthermore to their tangible wealth, the Saudi royal family also holds a many personal privileges and perks, just like personal security, and staff, private planes, and luxury vacations 🇸🇦 ️ 👪. They are also given access to top-tier educational institutions and healthcare facilities.
The wealth of the Saudi royal family is so immense that it is almost impossible to measure accurately 🇸🇦 👪. It is estimated that the wealth of the royal family represents approximately 17-19% of the total GDP of the country 👪. The vast wealth of the royals has allowed them to maintain their status as the most powerful family in the Middle East and has provided them with considerable influence in their own country and abroad 👪.
Despite their wealth and status, the Saudi royal family has also been plagued by allegations of corruption and human rights abuses 🇸🇦 👪. In recent years, the family has come under scrutiny for its involvement in the war in Yemen and for its stance on human rights issues 👪 🇾🇪 🔛.
The Saudi royal family remains one of the wealthiest families worldwide and shows no signs of slowing down anytime soon 🇸🇦 👪 🔜 1️⃣. Thanks to recent economic reforms, their fortunes are only likely to increase over time . . .
🇸🇦 ️ 🤴 👔 🌏 ⛳ 🔜 🇾🇪 👪 🏠 👑 🔛 1️⃣