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Richest Royal Family Of Saudi Is Worth 4 Times More Than Musk, Gates Combined - Business - Nairaland 581gb

Richest Royal Family Of Saudi Is Worth 4 Times More Than Musk, Gates Combined (35244 Views)

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treesun: 10:50am On Jan 10, 2024
The ruling royal family of Saudi Arabia, which has an estimated net worth of $1.4 trillion (£1.1trillion), is believed to be worth four times more than the combined net worth of two of the biggest billionaires in the world – Elon Musk and Bill Gates.

While Forbes estimates Musk, the Tesla founder and X owner is currently worth $251.3 billion (£191billion), Gates, the founder of Microsoft turned philanthropist, is reportedly worth $119.6 billion (£93billion).

The Saudi Royal family includes descendants of Muhammad bin Saud, the founder of the Emirate of Diriyah in the 18th century – also known as the First Saudi state.

The family is composed of some 15,000 – although the majority of wealth is held by around 2000 relatives.

The ruling faction of the family comes from the descendants of Abdulaziz bin Abdul Rahman, the modern founder of Saudi Arabia.

The current head of the family is King Salman bin Abdulaziz Al Saud, who has been reigning since 2015.

His most famous son and heir apparent is Mohammed bin Salman. Also known as MBS, the Crown Prince is the current Prime Minister of his country and is seen by many as the de facto ruler of Saudi Arabia.

MBS and King Salman oversee an absolute monarchy and autocratic state where civil liberties and political rights are restricted.


The origin of this family’s wealth is believed to derive largely from the vast oil reserves uncovered in the country seven decades ago, during the reign of King Abdulaziz ibn Saud.

The Saudi royals keep details of their finances private, but their lavish lifestyle and big spending often attract the attention of the public.

Meanwhile, the net worth and finances of the British Royal Family are often under the scrutiny of the media and the public. Business consultancy firm Brand Finance valued the monarchy treasure now being led by King Charles III as having a net worth of $88billion (£69bn).

This means the rulers of Saudi Arabia have a net worth estimated to be nearly 16 times that of King Charles’s family.

https://dailytrust.com/revealed-richest-royal-family-is-worth-4-times-more-than-musk-gates-combined/

24 Likes 6 Shares

MrProlific95: 10:55am On Jan 10, 2024
They practice a different type of Islam

127 Likes 11 Shares

WeddingParol: 11:01am On Jan 10, 2024
That is a national wealth and not individual hustle

220 Likes 16 Shares

judatech: 11:15am On Jan 10, 2024
Bro, respect an individual that can amass a billion of anything...✍️

183 Likes 15 Shares

Kingosytex(m): 11:22am On Jan 10, 2024
You are comparing 15k people to just 2 people.
Elon is a genius to worth that much, the said royal family are no where near him.

197 Likes 17 Shares

hustler2828: 1:40pm On Jan 10, 2024
You dey compare 2k family wealth with 2 individual business men? This is dumb on daily trust part.

188 Likes 13 Shares

Swiftgrp: 12:02am On Jan 14, 2024
treesun:
The ruling royal family of Saudi Arabia, which has an estimated net worth of $1.4 trillion (£1.1trillion), is believed to be worth four times more than the combined net worth of two of the biggest billionaires in the world – Elon Musk and Bill Gates.

While Forbes estimates Musk, the Tesla founder and X owner is currently worth $251.3 billion (£191billion), Gates, the founder of Microsoft turned philanthropist, is reportedly worth $119.6 billion (£93billion).




The Saudi Royal family includes descendants of Muhammad bin Saud, the founder of the Emirate of Diriyah in the 18th century – also known as the First Saudi state.

The family is composed of some 15,000 – although the majority of wealth is held by around 2000 relatives.


The ruling faction of the family comes from the descendants of Abdulaziz bin Abdul Rahman, the modern founder of Saudi Arabia.

The current head of the family is King Salman bin Abdulaziz Al Saud, who has been reigning since 2015.

His most famous son and heir apparent is Mohammed bin Salman. Also known as MBS, the Crown Prince is the current Prime Minister of his country and is seen by many as the de facto ruler of Saudi Arabia.

MBS and King Salman oversee an absolute monarchy and autocratic state where civil liberties and political rights are restricted.


The origin of this family’s wealth is believed to derive largely from the vast oil reserves uncovered in the country seven decades ago, during the reign of King Abdulaziz ibn Saud.

The Saudi royals keep details of their finances private, but their lavish lifestyle and big spending often attract the attention of the public.

Meanwhile, the net worth and finances of the British Royal Family are often under the scrutiny of the media and the public. Business consultancy firm Brand Finance valued the monarchy treasure now being led by King Charles III as having a net worth of $88billion (£69bn).

This means the rulers of Saudi Arabia have a net worth estimated to be nearly 16 times that of King Charles’s family.

https://dailytrust.com/revealed-richest-royal-family-is-worth-4-times-more-than-musk-gates-combined/
treesun: 4:34pm On Jan 14, 2024
Nlfpmod my name is there!
Reelmii: 4:47pm On Feb 29, 2024
They are doing well

2 Likes

Triangles1(m): 4:47pm On Feb 29, 2024
Story.

They'll still save the same money in US , who's fooling who.

6 Likes 1 Share

lifeandjoy: 4:47pm On Feb 29, 2024
cool
Lucky sperm club

19 Likes 6 Shares

BigDawsNet: 4:47pm On Feb 29, 2024
Hail the royal
Sabadon(m): 4:48pm On Feb 29, 2024
shocked

Do the math 15,000 divide a trillion dollars and one individual owning 251.3million dollars

Musk money long abeg forget it

44 Likes 8 Shares

CaptainFM1: 4:48pm On Feb 29, 2024
How many people comprises the family, that you are comparing a whole family with just two people?

I've never seen anything dumber than this.

37 Likes 5 Shares

omoredia: 4:48pm On Feb 29, 2024
Joke. U are poor when all u have is money

1 Like

BigYash: 4:48pm On Feb 29, 2024
Check them individually, make we see how market be...

1 Like

Quelme: 4:49pm On Feb 29, 2024
Vanity upon vanity. After amassing all these wealth, na still same 6 feet below.

10 Likes 4 Shares

chriskosherbal(m): 4:49pm On Feb 29, 2024
Weather you like it or not all fingers can never be equal...

4 Likes

Anijay1212(m): 4:49pm On Feb 29, 2024
shocked
olisaEze(m): 4:49pm On Feb 29, 2024
Yes, Op, but worthy of note, you’re comparing a whole country’s net worth to individual net worths. Instead of Elon Musk & Bezos, why not try comparing the Saudis to Mansa Musa. Even the Muslims in the north are quick to point to the Saudis because of religion, when the W. Africa they’re from has a richer & nobler heritage! Till date, no man is still as rich as that name, before and after. Which is also the reason I suspect he might be the king Solomon of biblical fame. cool

5 Likes

bemeruca: 4:49pm On Feb 29, 2024
Very useless comparison. News flash, United kingdom is worth many times more than musk.

3 Likes

Righteousness2(m): 4:49pm On Feb 29, 2024
It is not a crime to have the riches and pleasures of life but Make no mistakes!
All that wealth without JESUS CHRIST is an act of gathering firewood to burn you in Hell .

Never let the pleasures and goodies of life divert you from the needful of life.
One minute in Hell will destroy all the pleasures you had while on earth.

Ensure you have the needful. The needful is a genuie relationship with JESUS CHRIST

10 Likes 2 Shares

AntiChristian: 4:50pm On Feb 29, 2024
Allah so much blessed these people materially ehn!

Much money and no noise!

8 Likes 2 Shares

omoredia: 4:50pm On Feb 29, 2024
2k to Elon musk? U are a joker

2 Likes

inoki247: 4:50pm On Feb 29, 2024
Lol inheritance dey different from personal achievement....

4 Likes 2 Shares

Lalami3232(m): 4:50pm On Feb 29, 2024
Dear God, abeg allow this money go around na. E just be like say some people dey attract money while others dey repel money. One thing I know is that, wealth na by God's grace and mercies. While we're all praying for a better tomorrow, make I use this opportunity to enlighten my fellow men nationwide.

Oga if you no meet your wife as a virgin, oga go for DNA test oooooo because boreholes aka non-virgins can't be trusted

1 Like 2 Shares

Anijay1212(m): 4:50pm On Feb 29, 2024
omoredia:
Joke. U are poor when all u have is money
I need the money first.
grin grin angry

5 Likes

jubrilELsudan: 4:51pm On Feb 29, 2024
AND THEN?.....WHO CARES?

130 YEARS FROM NOW ALL 8 BILLION OF US ALL ALIVE TODAY IN THE WHOLE WORLD WILL BE DEAD......YOU ALL THINK THE GENERATION ALIVE THEN WILL CARE WHETHER THIER ANCESTORS OWNED A BICYCLE?

KING SOLOMON WAS THE RICHEST MAN EVER TO WALK THIS PLANET.....IF NOT FOR THE BIBLE WHO WILL EVEN KNOW THAT HE EVER EXISTED?

WORLDLY RICHES AND WEALTH IS ALL MEANINGLESS

15 Likes 6 Shares

bigdammyj: 4:51pm On Feb 29, 2024
Okay.
maramara: 4:51pm On Feb 29, 2024
Money answereth all calls
money121(m): 4:51pm On Feb 29, 2024
God abeg oo
enemyofprogress: 4:51pm On Feb 29, 2024
And we all came out from the same route(pusssssssy). This life no balance at all.



Mynd44 i am hungry, pls where I fit see Hollandia yoghurt with fried turkey & jollof rice? Make everything be ₦100 naira only🙅🙆

8 Likes 2 Shares

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