Net Worth of Saudi Royal Family

There is no royal family more wealthy than the royal family of Saudi Arabia with an estimated net wealth of over 1.5 trillion dollars. The family has one of the biggest fortunes on earth. 

Today we're going to take a look at the royal family specifically the king of Saudi Arabia Salman Bin Abdulaziz Al-saud, will explore his rise to power his dozens of lavish properties and even the controversy and corruption that swirls around him. 

King Salman is a member of the House of Saud the ruling family of Saudi Arabia that can be traced back to the 1700s the family earned almost all of their immense wealth from oil. Into this day they're earning money from it still. 

King Salman was one of 45 sons born to first king of Saudi Arabia. From the beginning he lived a life. He was the son of his father's favourite wife. 

He was one of the most respected children in the royal family. 

He was raised in Maroubra palace, A prominent palace outside of modern day. The palace was a spectacle in its time stories with 32 rooms serving quarters, lush courtyards, ornamental carvings and at the time the only electricity and telephones in Saudi Arabia. 

King Salman went to School to get an extensive education but he didn't go to any random school. His father the King created a school called "the princes school"  it was made just for his sons and the children of important business people. Imagine having enough money to build an entire school just to educate your kid.

When he turned 19  King Salman got his first job in the kingdom.

In 1954 he became the deputy governor then in 1963 he became the provincial governor. His power as governor lasted for 48 years. During that time he helped develo a small desert town into the booming metropolis that it is today. 

He oversaw the building of malls, museums and luxury businesses to pull wealthy tourists into the city.

During this time he was adamant about developing healthy relationships with Europe in the West which further helped stabilize Riyadh financially.

In 2011he became the second Deputy Prime Minister and the Minister of Defense. The latter of which would bring controversy to his power.

When he became King in 2015 after the passing of his older brother in 2015, he ordered the bombing of Yemen after the royal family in Yemen fled the city to escape an uprising.

During this time Saudi Arabia committed multiple war crimes against Yemen including the destruction of a camp that housed civilians displaced by war.

Cluster bombs were used and altogether over a hundred thousand civilians were killed in the fighting.

That being said most criticism for the ruling family.

Even Prince Salman's rise to power is marked by controversy, the former Crown Prince Nayef was removed from his position of power and replaced by Prince Salman. 

When he was replaced he was put under house arrest removed from all his political positions and hidden from the public for months, in fact dozens of rival Prince's billionaires and political powers have been put under house arrest. Arrested for corruption and exiled from Saudi Arabia.

Now how wealthy are they exactly? Well as I said earlier the royal family earned almost all of its money on oil. 

The state owned oil company Saudi Aramco which is the backbone of the royal family's fortune that Saudi Aramco is considered by many to be the wealthiest company in the world. By revenue they have the world's second largest crude oil reserves and the largest daily oil production in the world. In addition many members of ther royal family have jobs and own shares of  companies around the globe. 

King Salman was implicated in the Panama papers for using an offshore company in the British virgin oils to take out mortgages on his luxury property in London.

The mortgages totaled thirty five million dollars and those luxury homes aren't the only properties owned by King Salman in total he has four more palaces at his reach more extravagant.

Prince Salman purchased yacht that was rented out by Bill Gates for five million dollars a week.

King Salman has $1.5 Trillion Empire.

Look at the wealth of the royal family of SaudiA Arabia.

What do you think of their rise to power? And what would you do if you had that kind of money? Let me know in comments.