Meet the world’s richest royal family worth 4 times more than Musk and Gates combined

The Saud family is reportedly worth four times as much as Elon Musk and Bill Gates, two of the richest billionaires in the world, put together.

The founder of Microsoft, who is now a philanthropist, is worth $119.6 billion (£93 billion), and the owner of Tesla and X is currently worth $251.3 billion (£191 billion), as estimated by Forbes.

Saudi Arabia’s reigning family, the House of Saud, is one of the most powerful and affluent dynasties in the world. The House of Saud, whose estimated net wealth is $1.4 trillion (£1.1 trillion), has had a significant impact on both the future of the Arabian Peninsula and the world’s energy environment.

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 $88 billion (£69 billion).

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

The Saudi Royal Family includes descendants of Muhammad bin Saud, the 18th-century founder of the Emirate of Diriyah, also known as the First Saudi Kingdom.

This family has over 15,000 members, however, the majority of wealth is controlled by approximately 2000 relatives. The ruling faction of the family is descended from the descendants of Saudi Arabia’s modern founder, Abdulaziz bin Abdul Rahman.

King Salman bin Abdulaziz Al Saud, who ruled his country since 2015, is the current head of the family.

Mohammed bin Salman is his most renowned son and heir apparent. The Crown Prince, also known as MBS, is the current Prime Minister of Saudi Arabia and is widely regarded as the country’s de facto ruler.

MBS and King Salman rule over an absolute monarchy and autocratic regime with limited civil liberties and political rights.

The massive oil deposits discovered in the kingdom seven decades ago, during the time of King Abdulaziz ibn Saud, are thought to be the source of this family’s wealth.

While the Saudi royals keep financial data hidden, their luxurious lifestyles and large spending attract public attention.