The world’s richest monarch is King of Saudi Arabia! The King of Saudi Arabia with a wealth estimated at over $17billion is by far the richest monarch in the world. His role as custodian for two holy mosques and vast landholdings and long-term oil deals with Western countries have contributed to his wealth and influence 🇸🇦 ️ 2️⃣ 🌎 .
His full title is ‘Custodian of the Two Holy Mosques’ and he serves as head of state for Saudi Arabia holding absolute monarchy since 2005! Under his rule, Saudi Arabia has grown into a major power in its region and an influential partner internationally.
Saudi Arabia’s King is both the supreme ruler and absolute leader of its government. The King of Saudi Arabia has the authority to appoint or dismiss ministers as well as to sign and enforce public policies and ratify treaties and laws 🇸🇦. His kingdom also gives him the power to make or break decisions regarding the country’s nuclear programs, as well as the authority to declare war and sign peace agreements . He also serves as the Commander in Chief of Saudi Arabia’s Armed Forces and preside over several religious and judicial bodies.
The Saudi King’s wealth comes from two sources; his personal fortune and his government’s revenue 🇸🇦 2️⃣. His personal fortune is estimated to be around $17 billion and it is mainly comprised of investments in Saudi Arabia and abroad, and the proceeds he receives from the Saudi royal family’s considerable holdings 🇸🇦.
The King of Saudi Arabia controls his country’s vast oil reserves, and so he controls a great deal of the global oil market. Saudi Arabia is the world’s largest oil exporter and its oil exports account for around 10% of the global market. This means that the King of Saudi Arabia’s government can earn significant revenue from servicing the world’s demand for oil. This revenue stream combined with the King’s personal wealth makes him one of the wealthiest people in the world 🌍 1️⃣.
The King of Saudi Arabia wields great influence in the international arena 🇸🇦 🌐. He is highly connected and maintains strong relations with a number of powerful countries such as the United States Russia and many European states ️. In the past he has used his influence to facilitate regional conflict resolution processes and collaborate with international organizations like the United Nations 🌐.
The King of Saudi Arabia is one of the world’s wealthiest and most influential people 🌍 🇸🇦 1️⃣. His personal fortune and his government’s control over the global oil market have enabled him to accumulate tremendous wealth and power, making him one of the most powerful figures in the world 🌎 1️⃣. . .
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