As soon as the name of Kuwait is heard, images of oil and wealth come to mind. The Al-Sabah family, which has been ruling this small Gulf country since 1752, is today counted among the richest royal families in the world. According to reports, the total net worth of this family is 360 billion dollars (about Rs 30.07 lakh crore). This amount is so huge that even the total wealth of many billionaires in America or Europe pales in comparison to it.

The current Emir (King) of Kuwait is Mishaal Al-Ahmad Al-Jaber Al-Sabah, who is the supreme ruler of the country. Even today, Kuwait is not a democracy but a constitutional monarchy, where the Al-Sabah family continues to have control at every level.

The three-centuries-old legacy of the Al-Sabah family

The Al-Sabah dynasty began in 1752, when they established rule over the small coastal region of Kuwait. At that time this area was a major center of trade, but its fortunes changed after the discovery of oil and natural gas. Oil income made this family one of the most influential families in the Arab world. Today this family has more than 1000 members, many of whom are involved in politics, business and international investment. The power and wealth of this family is so vast that they have direct or indirect stake in most of the major companies, oil producing units and financial institutions of Kuwait.

Where does Al-Sabah family’s money come from?

The roots of Kuwait’s prosperity are hidden in oil reserves. This country is among the largest oil producing countries in the world. The biggest source of income for the Al-Sabah family is oil exports, which go to countries like China, India, Japan and Europe. Apart from this, the family has also invested its money in projects like American stock market, real estate, telecom, ports, airports and power distribution. It is said that the Al-Sabah family has a large stake in American blue-chip companies. Their investments are so diverse that whether it is the energy sector or global banking, their economic presence can be felt everywhere.

Bayan Palace a symbol of royal grandeur

The royal lifestyle of Kuwait’s Al-Sabah family can be gauged from their palaces. His most famous palace is called Bayan Palace, which cost Rs 1045 crore to build. This palace is not only the royal residence, but it also hosts diplomatic meetings, international conferences and royal events. Inside the palace are gilded decorations, marble walls and private museums that reflect Kuwait’s royal heritage.

Hobbies are also royal luxury cars and horses

Royal splendor is visible everywhere in the life of the Al-Sabah family. He has a collection of hundreds of luxury cars like Rolls Royce, Ferrari F40, Porsche Carrera. Not only this, this family is also known for its hobby of horse riding and racing. There are many Royal Stables in Kuwait, where the best horses of Arabian breed are reared. The price of these horses goes up to crores of rupees.

influence in international politics

The Al-Sabah family is not only wealthy but also politically influential. This family has decisive control over Kuwait’s foreign policy, defense deals and energy diplomacy. Many of their members have held senior positions in the United Nations, OPEC, and international banks. This makes it clear that the power of the Al-Sabah family goes beyond its borders and extends to the global level.

The first place in the top list of Saudi Arabia is named Prince Al Walid bin Talal bin Abdul Aziz Al Saud. Businessman and investor Al Saud by profession is especially known for his lifestyle and luxury life. He is the owner of the most expensive private jet in the world and has also spent billions of rupees for his look.

Saudi’s royal family member Al Walid bin Talal al -Saud’s private jet is estimated to be around US $ 500 million, ie over Rs 4100 crore. Al Walid has a collection of 300 most expensive cars in the world.

Who is Prince Al Walid bin Talal
Al Walid is the first king of Saudi Arabia Abdul Aziz and the first Prime Minister of Lebanon, Riyadh Al sixteen. Time magazine once compared Al Walid to American investor Warren Buffett. According to Gulf Business, Al Walid has been included in the list of 100 most powerful Arabs from 2013 to 2021.

Owner of expensive private jets from Ambani and Tata’s jet
Al Walid’s private aircraft can be arranged simultaneously for 800 guests. Talking about the price of private jet, Boeing Business Jet 2, owned by Indian billionaire Mukesh Ambani, is priced at Rs 603 crore. Ratan Tata has a Dassault Falcon 2000, one of the most expensive private jet models, which is priced at Rs 200 crore.

8 times more assets than King Charles
According to Forbes, Al Walid has a total assets of around $ 20 billion. Let us know that if you compare 20 billion dollars to the rupee, then it is equal to about 1.67 lakh crores. This amount is about 8 times the net worth of King Charles of UK. Prince Al Walid bin Talal is also called Warren Buffett of Saudi Arabia. He has three big palaces.

Also read

‘Will liberate Goa from fear and corruption’, AAP leader Arvind Kejriwal’s big announcement, BJP government targeted