Inside The Life of Saudi Arabia's Richest Family

With an estimated net worth of $1.4 trillion, the royal

family

of Saudi Arabia lives a luxurious

life

that is simply a dream for many, from exquisite homes to extravagant cars and impressive super yachts. The Saudi royals spare no cost to acquire only the best things. Let's take a look inside the

life

of the

richest

family

in Saudi Arabia, the family history to understand what happens in the monarchy of Saudi Arabia, it is important to know its roots and origins, so let's take a journey from the beginning to where it is. finds today the powerful but controversial royal family.

In 1932, IBN Saud established the Kingdom of Saudi Arabia and since then the House of Saud has ruled the country as what many call an absolute monarchy: the king has complete control over the land and is expected to answer only to Sharia law and the Koran today a king Salman bin abdulaziz sits on the throne at the wheel of the oil-rich country and giant of the Middle East however history was not always one of good fortune Saudi Arabia was one of the poorest countries in the world with its only sources of income was pilgrimages and agriculture under the House of Saud, this changed when oil reserves containing immense wealth of crude fuel were discovered in 1938.

Three years later, they developed friendly trade relations with the United States and thus began a journey towards oil wealth and prosperity. The fields were developed by the Arabian American Oil company, which is now Saudi Aramco. At the beginning of its operations it was controlled by the United States, but today the company, worth trillions of dollars, forms a central part of the immense wealth of the Saudi royal family and the country as a whole, two decades short of a century of its founding, Saudi Arabia is the only Arab country that is part of the major G20 economies and is recognized by the World Bank as a high-income economy with a high human development index on March 4, 1938, Saudi Arabia It first struck oil with its first commercial oil well and the wells are still flowing with vast resources today.

This is the backstory of the wealth of Saudi Arabia's

richest

family. Now let's delve into what this wealth has provided to the family members. The royal family has often been described as prodigal spenders, but when you have such immense wealth, spending is not a problem, real estate, Muraba Palace, the first look at this building clearly shows that it is an old building, but Even though it may look old and out of fashion, it has a significant place in the history of Saudi Arabia and, of course, has sentimental value to the royal family. It is a 32-room palace with two floors that was built in the early 1930s and finally completed in 1945 for King Abdulaziz Al-Saud, also known as the founder of Saudi Arabia.

It appears to be a kind of mini city with several buildings. The rooms were also built in a rectangular shape with a courtyard in the center. This is due to the culture of privacy, especially in regards to the private chambers. Today the building is a museum to remind people of their heritage and Also serving as a tourist attraction, it displays ancient construction and design techniques that were symbolic of Arab culture. Naj D style architecture includes thatched-reinforced adobe walls that cool patios and acacia and palm leaf roofs on January 15. 2008 President George W. Bush watched a traditional sword dance at Maraba Palace in the company of the royal family during a diplomatic visit to the country.

He was photographed holding a sword over his shoulder during the event again in 2017, President Donald Trump was entertained with the captivating sword dance at a Royal Banquet held at the Maraba Palace The palace is open to the public on specific days and times can be Seeing the royals' personal belongings and photographs, as well as gilded doors and tapestries crafted with gold lettering, is a great reminder of the Arab country's heritage and a resource for anyone interested in taking a trip down memory lane to see how the Empire began and how the royal family lived even before the heyday of the al-yama palace.

This is the official palace of the royal family from where royal duties are performed. Official meetings, VIP receptions and Council meetings are also held here with the king and Crown Prince overseeing the affairs of the kingdom. It is located in the country's capital and is a clear symbol of the wealth and opulence of the Saudi royal family. The complex gives the palace the appearance of a mini city with extensive vegetation carefully tended to create perfect symmetry and incredibly high walls with carvings that represent the delicacy of Arabic architecture. The interior is truly a sight to behold with floor-to-ceiling paneled windows.

Finest Italian marble floors and carved ceilings, expensive carpets, give a luxurious and lush feel to the rooms. Other notable features are the exquisite and elaborate chandeliers, gold-plated doors and rich upholstery. Due to the Royal Family's penchant for privacy, not much is known about the interior. the palace, but we know that there are 400 rooms in the palace and several magnificent living rooms for meetings and relaxation. Other palaces are the AL Alja Palace located on the outskirts of Riyadh and the Erga Palace in the center of Riyadh. These are alternative places for royalty. family for special events or on the occasion of riots that threaten security in the main palace Chateau Louis was not revealed however, in 2018 it became clear that the castle belonged to Prince Mohammed bin Salman.

One of the first sights upon entering the castle grounds is a statue of Louis XIV, a figure highly revered in France and known as the Sun King. It was carved from Carrera marble. and sitting in the middle of the spacious garden patio, another fascinating sight in the outdoor area is a fountain of gold-plated structures from which water gushes out. Pyramid-shaped trees lead to a maze and the grounds also house a stable farm. Construction took three years and more than 200 skilled workers, the hard work paid off as the castle embodies beauty. A gold-plated oak door welcomes you.

It carries a sculpture of the Sun God on horseback like a victorious Roman emperor. The interior has marble surfaces, especially custom paintings, hardware, stone carvings and silk curtains, the best technology was also incorporated into the building with mechanized shutters, ambient lighting, reversible air conditioning and a powerful speaker system, all of which can be easily controlled from an iPhone the house is complete with a 3,000 bottle wine cellar squash court ballrooms a movie theater an underground nightclub and a swimming pool in the center of the room a stunning site is embedded in the ceiling is a painting of a flower paradise inspired by a fresco painting done by Charles LeBron for the Chateau de vola bicolt, after several months and immense effort by the best painters in the field, it was completed The Chateau de Lumiere being translated the Palace of Light belongs to Khalid bin Salman al-saud, the brother of the Crown Prince and Saudi ambassador to the United States it is located in Great Falls Virginia in the United States of America in 2017 the prince was still a student at Georgetown University when he acquired the property that cost him $12 million.

It has eight tastefully furnished master suite bedrooms, 13 bathrooms, a ballroom and multiple living and dining rooms. Throughout the interior there are rare custom antique sofas, gold-plated statues. gold and elaborate crystal chandeliers. The opulent residence is fit for royalty and has several amenities that make it an excellent abode. There was a massage room in the spa. Library Winery. gym, game room, basketball court and cinema, the outdoor area is filled with greenery and a serene pool in a relaxing living room with marble floors, a cabana with fire pit, Corinthian columns and comfortable seating. The Palace of Prince Al Walid bin Talal, the prince is nephew of King Salman and one of the most prominent businessmen in the Arab world and the rest of the business world in general, in the heart of Riyadh, has a phenomenal house that looks like something out of a fairy tale.

The floors of the 420-room building are covered with the best. Italian marble with extravagant gold and silk carpets with three pools. There are multiple options for where to swim, including a gigantic pool built to look like a lagoon with wild vegetation and stunning natural aesthetics. Other amenities include a super-large kitchen that can seat 2,000 people. sounds crazy, well there is also a 45 seat underground cinema with 2,250 flat screens, to the dismay of many the palace has several stuffed animals made from real animals that were shot during the brands hunting trips including a zebra and a lion. castaneto castle Po Prince al-walid also acquired this grand residence in Torin Italy for $25 million but the 40-room castle has an interesting history: it was the childhood home of musical supermodel and first lady of France Carla Bruni The Bruny family invested in renovating the building, including adding frescoes and marquetry floors.

In 2009, ownership of the house changed hands and became the possession of royalty. It is a traditional English style house with impressive frescoes painted by expert artists such as Constantino Serrano and Francesco Gonine. The caretaker's house is also included because when you have a 70-hectare house it definitely needs special care. The castle houses all the necessary amenities including underfloor heating, lifts and kitchens with ultra-modern facilities. All yachts. It would be a serious mistake to mention the riches of the royal family in Saudi Arabia without also including the super yachts where they spend a significant amount of time each year and needless to say an incredible percentage of their fortune Prince Abdulaziz, this super yacht once had the title of the largest yacht in the world. until it was usurped by Super Yachts Dubai in 2006.

It was built in 1984 by Helsinger Weirft, a renowned yacht manufacturer on the orders of King Fat, who named it after his son, Prince Abdulaziz, who is now the current owner. She took 15 months to complete. To date, she remains in the Royal Saudi Fleet and is often used for commercial activities and leisure outings over the years. This beautiful super yacht has been renovated and refitted but is still going strong, it is valued at $100 million with annual maintenance costs of $10 million the yacht can accommodate 64 guests and a 65-man crew The Kingdom 5K ever It was once owned by billionaire Saudi arms dealer Adnan Khashoggi.

This 281-foot superyacht was built in 1980 and named Nabila after the businessman's daughter. She has since been purchased by Saudi Prince Al-Walid Bintala, but has a long history of ownership. In 1988, the Jewish Khashogg was in a financial crisis, so he sold the property. The Sultan of Brunei then Donald Trump acquired her for $29 million and named her The Yacht Trump Princess in 1991. Trump had incurred immense financial debt as a businessman and then sold the yacht to al-walid for $20 million. The prince changed the name of the yachting kingdom to 5kr kingdom with the name of his multimillion-dollar conglomerate being five his lucky number and KR the initials of For his children, Kingdom 5K was originally built for $100 million.

She has standard rooms, reception, swimming pool and Pegasus 8 helipad. In 2000, the 3rd Crown Prince Mohammed bin Salman acquired this motor yacht for 120 million dollars. She was built in Denmark by the royal denship. Renowned yacht builder with several years of experience and at the time of construction she was her largest yacht, however the boat was once known as Princess Mariana before her current owner renamed her Pegasus the Eighth . Notable features of this boat are the exceptional interior and exterior. designs executed by zaretti interior design lucadini design and Architecture and Espino International. She can accommodate up to 26 crew members and just a dozen guests in her luxurious suites.

The Serene Prince Mohammed has another yacht that is quite popular due to the beauty and size of it. Considered one of the largest superyachts in the world, it was delivered to Yuri Scheffler, a well-known Russian vodka manufacturer, for $330 million. Finally, Cantieri, an Italian shipyard that measured 60 feet and 8 inches, was among the 10 largest yachts. big in the world. Serene features an exclusive reserve of luxurious accommodations and first-class amenities. She is such a beautiful yacht that in 2014 one of the richest men in the world, Bill Gates, rented the yacht for $5 million a week that same year to its current owner, Prince Mohammed bin.

Salman wasvacation in France when he saw the amazing ship and immediately purchased it for a sum of more than half a billion dollars. It can comfortably accommodate 24 guests in its 12 suites, as well as 62 crew members. There are speed boats and a VIP cabin. a sauna a jacuzzi a beauty salon an elevator system satellite communications and complete air conditioning to act now this is the personal yacht of the king of Saudi Arabia king Salman bin abdulaziz Al Saud was built in 2002 by vonder heesen a dutch company without However, in 2006 it underwent an intensive redesign through privacy projects and major changes were made to the external and internal structure, as well as technical improvements.

States: She was designed by Michael Leach in collaboration with devoted Naval Architects. Its rooms are quite large and can accommodate up to 30 people. Planes with guests and a crew of 21 people cost twice as much as $10 million and their maintenance costs between $8 and $10 million each year. The plane is once again topping this list by billionaire Prince Al-Walid Bin To Law, also the billionaire who has a great taste for luxury and plans to buy and customize an Airbus A380 that normally seats 400 passengers when used as a commercial aircraft. The plans were so grandiose that they caught everyone's attention and Suntree in the aviation sector in October 2007 he visited the Dubai Air Show in his Boeing 747 to place an order for a VIP session of what was considered the most largest in the world and which has now only been usurped by a modern version, the A380 800, which has more than double the capacity of the previous model.

The starting price of the A380 was $300 million and luxury customizations would have pushed the cost to almost triple that price. The proposed plane would include a garage for a Rolls-Royce, a concert hall, an elevator from the runway to the plane, 20 VIP suites, five. oversized cabins, a Turkish bath and a prayer room with electronic mats that could automatically detect the location of Mecca, in addition to these, there would also be a large meeting room with a table that could also function as a touch screen and a staircase snail, one of its most striking features was a room from which the ground below would be visible while flying to give a sort of Superman effect.

Unfortunately, this Vision never came to fruition and what was to be the largest and most luxurious aircraft in the world never saw the light of day. Some analysts say the prince went through a financial crisis just a year after the project began and was therefore unable to keep up with payments. While others say that he suddenly lost interest in the idea, however, one thing that many people can agree on is that the big plans were mostly unrealistic for many reasons, the A380 is a very large aircraft that It was powered by four engines that consumed enormous fuel and could only be housed and managed at the largest airports in the world, which greatly limited its movement, the prince's other private planes.

These include an Airbus a321 and a Hawker City 125. The royal family also owns a Boeing 777 worth $320 million and belongs to Prince Mohammed bin Fad, son of the late King Fod. All the details of its interior are unknown but it is rumored that it is exquisitely equipped with the best amenities and air vehicles suitable for a royal experience, while the Crown Prince is known for his expensive yachts and residents, he is not very fond of cars, although it has some luxury brands in its fleet, such as Land Cruisers Bugattis. Lamborghinis and Ferraris, however two other princes are very popular in this regard with multi-million dollar fleets of the rarest and most exclusive cars.

Let's start with Prince Turkey bin Abdul Doula, who owns a fleet of gold cars, including a gold Lamborghini Bentley and a Rolls-Royce. His exclusive cars are wrapped in pure gold vinyl that attracts attention and does not shy away from making a grand appearance whenever he appears in public. The prince is now in his early 30s, but he has been building this collection since his twenties, the Lamborghini of it. The Aventador SV is one of the 500 examples in the world and is worth 1.2 million dollars, but the most expensive car in its collection is the Rolls-Royce Phantom Coupe for 4 million dollars and the rare Mercedes-Benz G63 AMG 6x6 as well adorns his collection for 2.5 million. dollars Other cars in his fleet are a Lamborghini Huracan that costs 1 million dollars, a Porsche 918 spider for 1 million dollars, a Bugatti Veyron for 1.5 million dollars and a Range Rover Vogue for five hundred thousand dollars unlike other Arab billionaires frequently visits London with its wide variety of cars for short visits to explore the busy Metropolis.

One stunning image shows a cheetah peering out of one of his luxury gold cars, staring at the camera as he stands upright in the driver's seat. Next is Prince Potter bin Mohammed bin. Farman Al-Saad's car collection, considered one of the most impressive in the world. He is a 37-year-old member of the royal family and a businessman worth billions of dollars. In 2016 he made the rounds when he acquired two rare limited collections. The Bugatti Chiron and Vision Gran Turismo concept car models, which even the rich only dream about, cost him more than 5 million dollars in 2019. He also bought what was then known as the most expensive car in the world with an astonishing price The $18.2 million model was none other than the phenomenal Bugatti labwa tour, a rather expensive addition to his already expensive garage collection.

Prince Botter has also lined up with a $5 million Ferrari Ferrari aperta juventina and a $1.9 million Aston Martin 177, a controversial Da. Painting by Vinci It is important to also mention the Crown Prince's love for works of art and one of his very controversial acquisitions and the alleged painting by Leonardo da Vinci known as Salvatore Mundi in 2017, Christie's organized an auction in New York where the painting by 500 Years sold for 450 This million dollar sale caused a stir and was considered the most expensive work of art ever purchased for years. The buyer remained unknown until it was revealed that the painting was on a wall on one of Prince Mohammed's superyachts.

Serene, this painting has really been a theme. From the discourse among art historians and academics, some believe that the painting is not the work of Leonardo da Vinci, although it came from his study. Some theories hold that it was painted by one of the painter's apprentice masters and that he only gave it a finishing touch in In other circles it is considered the male version of the incredible and famous Mona Lisa painting. In 2021 a documentary was published claiming that the prince had tried to force the Louvre to display the Salvatore Mundi next to the Mona Lisa as an authentic piece painted by Da Vinci himself, the French Museum rejected commercial investments.

The royal family is not only interested in lavish spending, but also very interested in generating wealth by maximizing opportunities and establishing sources of income. One such effort is Saudi Aramco, which is considered one of the highest. income-generating companies in the world and was named the world's most valuable company by market capital in 2022, this came after the Forbes Global 2000 ranking in 2020, where it was ranked as the fifth largest public company in the world, it appears to have A lot of feathers. at its limit, as it was also ranked as the oil company with the second largest crude oil reserves and the highest daily oil production based in the southern province of Saudi Arabia from where Saudi Aramco's global operations are controlled, its tentacles They extend to cover various sectors. including exploration, production, refining, marketing and distribution;

However, when it was first instituted, the company's operations were to be limited to oil production only, but the government of Saudi Arabia wanted the nation to have a central system that would deal with oil production, so the country's oil refining company, Samorak, was merged. With Saudi Aramco, this is not a surprise as the oil-rich Arab country has over a hundred oil and gas fields, including the largest onshore and offshore oil fields, the Gawar field and the Safania field, respectively. In 2013, Saudi Aramco's total crude oil production was a staggering 3.4. billion barrels, this figure has skyrocketed and the company now owns the world's largest hydrocarbon network, the master gas system with nearly 300 trillion standard cubic feet of natural gas reserves today, the company Saudi Aramco's refining capacity is 5.4 million barrels per day and operational operations are recently expanding into the petrochemical industry.

The Saudi leadership, with Crown Prince Mohammed bin Salman leading several of its activities, is taking steps to diversify the economy and reduce dependence on oil production. To execute this successfully, the public investment fund has become rich. In early 2022 he received four percent of Aramco shares for a sum of around $80 billion, which has greatly contributed to multiple investments in various sectors, including football and automobiles. Its portfolio includes major companies such as Uber and Lucid Motors, an electric car maker in California. In the third quarter of 2022, the PIF acquired shares worth seven billion dollars in companies such as Microsoft Alphabet, Adobe Systems Zoom and Starbucks in Europe, its stakes in Royal Dutch Shell total any value and in Ecuador they are worth around one billion dollars, in 2021 it also acquired ownership of the British soccer team Newcastle United for around $370 million.

This is not the pif's only sporting interest, as he also founded a professional golf tournament known as Live Golf to differentiate himself from other competitors such as the World Golf Tour Premier. The golf league and the PGA Tour took a different strategy. It was positioned as the richest golf tournament ever held with prize money that surpassed that of other tournaments. Immense resources were also deployed to ensure that star golfers chose to participate. The first season took place in June 2022 and was labeled as the live golf invitational event consisting of 48 players, 754-hole tournaments and a team championship, even in the season finale it cost the pif around of two billion dollars, while the total prize money was 255 million dollars with a guaranteed winner. house with $4 million, almost double that of the PGA Championship in 2017.

Plans were announced to build a new city without streets, without cars and without carbon emissions. The proposed Neon project is underway and is expected to cost around $500 billion. It will be an independent city with top-of-the-line facilities such as renewable energy systems, high-speed public transportation systems, hospitals, parks, gardens and green schools, the proposed city is being built, which many have called a wild dream out of a science fiction film. along the Red Coast, when completed projections indicate that it will generate nearly 400,000 jobs and generate billions in income, the global SWF published a report in 2022 indicating that the sustainability and resilience score of PIF governance had risen to 40 percent from its previous 28 amid this.

Saudi Arabia's government continues to face enormous criticism for human rights violations and accusations of trying to water down its atrocities with sportswashing. One of those accusations relating to the violation of human rights is the murder of Jamal Khashoggi, a Saudi journalist which, however, the monarchy has refuted. These claims in accusations others have also expressed concern regarding the activities of the pif stating that it is one of the least transparent sovereign funds in the world. Especially alarming is the amount of control that Crown Prince Mohammed bin Salman has over pif transactions so far. appears to be on an investment spree extending his influence internationally and creating wealth in as many sectors as possible.

Apart from all these, the royal family also has a world-renowned billionaire who has made a notable mark in the business world. He is not another. Al willied was the grandson of the first king monarch of Saudi Arabia, Eben Saud, as of 2022 his net worth was 16 billion dollars. He is the founder of the Kingdom holding company, a canopy for his numerous business interests and his global portfolio. It was established in 1980 as an investment company with interests in various industries including real estate tourism, hospitality, entertainment, petrochemicals, technology, aviation financial services and media. The Kingdom holding company has a rich history of investing in major companies such as McDonald's, Apple, Amazon,eBay, Procter Gamble, Marvel Comics and several others.

He currently owns more than 20 percent of the Canada-based Four Seasons Hotels and Resorts and became Twitter's second-largest shareholder in the final quarter of 2022 with such an affinity for business and wealth generation that the royal family He may actually be accumulating wealth faster than he spends, however, only the future can tell until then we keep our fingers crossed as we admire his lavish lifestyle from a distance. Thank you for watching this video, if you liked it, remember to like and subscribe to receive more interesting updates.