The House of Saud, the ruling royal family of Saudi Arabia, is often regarded as the wealthiest family globally, surpassing the combined fortunes of high-profile billionaires like Elon Musk, Mukesh Ambani, Ratan Tata, and Gautam Adani. With an estimated net worth exceeding $1.4 trillion, this royal dynasty has wielded significant power since its establishment in 1744.
A Brief Overview of the House of Saud
Since its rise to power, the House of Saud has maintained its position as one of the world’s most affluent and influential families. The family comprises around 15,000 members, though the majority of its wealth and influence is concentrated among a core group of about 2,000 individuals. The family’s wealth is primarily derived from its vast oil reserves and investments.
King Salman bin Abdulaziz Al Saud, the current monarch, leads the family, with a personal net worth estimated at $18 billion. Another prominent family member, Prince Alwaleed bin Talal, once boasted a net worth of $13.4 billion, though this figure has fluctuated, particularly following his 2017 arrest on corruption charges.
The Al Sabah Family of Kuwait: A Close Second
Following the House of Saud, the Al Sabah family of Kuwait ranks as the second richest royal family, with an estimated wealth of around $360 billion. This family has ruled since 1752 and is known for its substantial investments in U.S. stocks and shares. Some estimates suggest that their actual wealth could be even higher, given their substantial interests in major American companies.
Qatar’s House of Thani: Wealth and Controversy
In third place is Qatar’s ruling family, the House of Thani, with an estimated fortune of $335 billion. This family controls high-profile assets, including the iconic Shard in London and Harrods, along with stakes in multinational companies like Volkswagen and British Airways. However, the family’s reputation has been tarnished by revelations from the Pandora Papers, which indicated tax avoidance on luxury properties in London.
The Majesty of Al Yamamah Palace
The Al Yamamah Palace serves as the official residence of the King of Saudi Arabia. Built in 1983 and spread across 4 million square feet, this grand palace showcases traditional Najdi architecture adorned with Italian marble, artistic wall panels, and intricately carved ceilings. Inside, it features 1,000 rooms, a lavish movie theater, bowling alley, several swimming pools, and even a mosque.
Other Lavish Residences
The royal family owns several other extravagant palaces, such as the Al-Awja Palace, a retreat for King Salman where he hosts visiting dignitaries. According to historian Rashid bin Mohammed bin Asaker, this palace is a prime example of distinctive Saudi architecture. The Erga Palace in central Riyadh serves as the family’s office and hosts VIP meetings and government functions.
Art Collection Fit for Royalty
The House of Saud has a deep appreciation for art, boasting a collection that ranges from traditional Islamic artwork to masterpieces by renowned artists. Notable acquisitions include Leonardo da Vinci’s Salvator Mundi, purchased for a staggering $450 million, and Pablo Picasso’s Les Femmes d’Alger, which cost $160 million in 2015. The family also owns works by contemporary artists like Takashi Murakami, Jeff Koons, and Damien Hirst.
Luxurious Yachts and Private Jets
The royal family’s penchant for luxury extends to their fleet of yachts and private jets. Prince Mohammed bin Salman owns the $400 million superyacht Serene, featuring 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 accommodate 64 guests with lavish amenities, including a gym, sauna, and swimming pool. Additionally, the royal family owns a converted Boeing 747-400, transformed into a luxurious airborne mansion complete with gold-plated fixtures.
Unique Extravagance
In a remarkable display of wealth, the Saudi royal family once booked individual seats for each of the 80 falcons belonging to one of its members for a flight in the United Arab Emirates. This extravagant gesture highlights the family’s unique lifestyle.
Supercars: A Collection of Automotive Excellence
Among the family’s assets, luxury cars also hold a significant place. Turki Bin Abdullah, a Saudi billionaire, possesses a collection valued at $22 million, which includes high-end models like the Lamborghini Aventador SuperVeloce, Rolls-Royce Phantom Coupe, and a gold-plated Lamborghini Aventador SV.
