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This family, worth 1 trillion dollars, lives in a 1000-room palace, travels in gold-plated cars

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The House of Saud is the ruling dynasty of Saudi Arabia.  - luxury launch/file
The House of Saud is the ruling dynasty of Saudi Arabia. – luxury launch/file

The House of Saud has been the ruling dynasty of Saudi Arabia since 1932.

The net worth of the Al Saudi family is $1.4 trillion. This is four times the combined wealth of the world’s top two billionaires. luxury launch informed of.

They are 16 times richer than the British royal family.

The head of the family and King of Saudi Arabia, Salman bin Abdul-Aziz Al Saud, and his son, Crown Prince Mohammed bin Salman, are exceptionally wealthy, although their net worth has not been disclosed. Many estimate MBS’s wealth to be around $25 billion.

Currently, the wealthiest member of the family is Alwaleed bin Talal Al Saud who has an estimated net worth of $20 billion.

Most of the Al Saud’s wealth comes from the kingdom’s vast oil reserves. The family owns Saudi Aramco, one of the most profitable oil companies in the world.

The House of Saud has 15,000 members, of whom 2,000 hold most of the wealth.

The family lives in the luxurious Al Yamamah Palace, built in 1983. The palace has 1,000 rooms, and features such as a movie theater, a mosque, a bowling alley, and several swimming pools.

Apart from palaces and paintings, the family also owns several luxury yachts, including MBS’s $400 million superyacht Serene.

The family also owns a fleet of private jets, including a giant Boeing 747-400.

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Rahul is a writer for TheLocalReport.in, focusing on latest news and current affairs. With sharp insights and dedication to accuracy, he keeps readers informed and connected with timely updates and analysis.