HomeBusiness NewsTen world’s richest royal families control wealth of over $2.4trn

Ten world’s richest royal families control wealth of over $2.4trn

by LLB Finance Reporter
10th Nov 20 3:04 pm

Data presented by Buy Shares indicates that the top ten global royal families control a fortune of $2.45trn, as of Q3 2020.

Saudi Arabia’s House of Saud is the wealthiest royal family with a fortune of $1.4 trillion. Kuwait’s House of Al Sabah ranks second with a wealth of $360 billion followed by the House of Al Thani from Qatar with a fortune of $335 billion.

Elsewhere, the Al Nahyan family from the UAE controls a fortune of $150 billion while the British Royal Family closes the top five categories with a fortune of $88 billion.

Other wealthy families include Thailand’s Chakri dynasty ($60 billion), Brunei’s House of Bolkiah ($28 billion) UAE’s Al Maktoum family ($18 billion), Morocco’s Alaouite dynasty ($8.2 billion), and Liechtenstein’s House of Liechtenstein ($4.4 billion).

Royal families wealth criticised

The research also notes the growing criticism over the growing royal families’ wealth. According to the research report:

“With most royals growing in wealth, there have been calls to abolish the monarch due to inequality reasons. Critics argue that the existence of the monarch is unfair. Some believe that the institution is outdated in the wake of a huge financial gap with the rest of the citizens. For example, in the UK, critics argue that the royal family has seen their wealth spike while the rest of the country is attempting to find a way out of the different financial crises.”

The research also overviewed the top ten richest royal family members. The group cumulatively control $114.4 billion. The King of Thailand Vajiralongkorn controls a fortune of $30 billion followed by Hassanal Bolkiah the Sultan of Brunei with a net worth of $20 billion. In the third spot, there is Salman bin Abdulaziz Al Saud the King of Saudi Arabia with a fortune of $18 billion.

Khalifa bin Zayed Al Nahyan is fourth with a fortune of $15 billion while Al-Waleed bin Talal closes the top five spot with wealth worth $13.4 billion.

Other wealthy royal family members include Azim of Brunei ($4.2 billion), Mohammed bin Rashid Al Maktoum ($4 billion), Grand Duke Henri ($4 billion), Hans Adam II ($3.5 billion) and Juan Carlos I ($2.3 billion)

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