How The Prince Of Brunei Spent $20 BILLION

[Music] prince geoffrey bocia the big spending brother of the sultan of brunei has lived a lavish life filled with collections of yachts five-star hotels and over 2000 luxury vehicles prince jeffrey can reportedly spend 50 million a month with no problem he and his brother are known to travel with a 100 member entourage and completely empty out stores like armani and versace on extravagant shopping trips the prince even went so far as to pay michael jackson millions of dollars to perform at a birthday party here are all of prince jeffrey's most lavish purchases and how they landed him in a 14 billion legal battle with tons of money to throw around the prince of brunei has built a reputation for being extremely extravagant he's part of one of the richest royal families in the world after all the crowd of brunei has an estimated net worth of between 30 and 40 billion dollars and while most of the responsibility and fortune go straight to the sultan prince jeffrey has had no problem using his family's riches to live the good life when it comes to lavish places to stay when the prince travels the world it isn't enough to just rent a nice room in a hotel instead the prince bought himself five of them prince jeffrey's collection of five-star hotels is definitely impressive and gives him no shortage of options when it comes to suites his collection includes the historic dorchester in london the romantic and opulent hotel plaza athenia in paris and the incredibly expensive new york palace a witch has a 25 000 a night jewel suite by the way he also owns two of the nicest hotels in all of los angeles the famous hotel bel air and the beverly hills hotel as for personal homes the prince has many but there's one that seems to be his favorite it's st john's lodge in london and when he bought the property for 55 million dollars in 1994 it was the most expensive private home in all of the uk the property is known for its famous sprawling gardens this seems to be the prince's more private home but he's also a fan of so-called party properties like this 37.5 million dollar mansion he used to own in las vegas the massive home has 18 bedrooms and 27 baths over 11 acres of land and a 12-car garage beyond homes and hotels the prince also owns 250 different companies including asprey the luxury london jeweler that provides the british monarchy with their jewels he paid about 385 million dollars for the company back in 1995. prince jeffrey is also known for being a bit of a playboy and he made it official when he spent 34 million dollars for the former playboy club at 45 park lane in london he paid more than four times the market price for the iconic venue because he just had to have it in 1965 the playboy club was the most successful casino in the world and now it's one of london's most luxurious hotels if you think the amount of the prince is willing to pay for a club is a bit excessive then just wait until you hear about his car collection it's not just worth millions it's worth billions and it's made up of over 2 300 vehicles the collection includes multiple bentleys ferraris and rolls-royces some of the most famous and expensive cars in his collection include the bugatti eb-110 valued at one million dollars a mercedes-benz clk gtr roadster in dark silver worth an estimated 5 million dollars a porsche 550 spider that sold for a record-setting 6.1 million dollars and two jet black mclaren f1s which can sell today for as much as 14.5 million dollars each but despite their worth the prince apparently leaves these cars to rot in he and his brother's gigantic car lot according to one collector who got to see inside the garage billions of dollars worth of luxury cars are kept in sweltering heat and some seem to have been forgotten about entirely he even reported that some steering wheels were melting off perhaps the prince doesn't pay too much close attention to his car collection because he's busy with other types of transport the prince reportedly has nine personal planes that he can use whenever he wants these include a private boeing 747 it's a customized model worth an estimated 400 million dollars and it's the companion plane to the sultan's opulent gold accented private jet prince jeffrey also owns a sikorsky helicopter worth 1 million plus an airbus jet worth 108 million dollars the prince even has a fleet of five boats which includes a 50-foot yacht with a strange name the yacht was custom built for the prince by the netherland company feed ship and reportedly features 24 karat gold fittings tons of marble and elevators connecting the multiple decks it even comes with two small boats used to ferry people to and from the luxury ship the prince also seems to enjoy throwing money around to own unique and strange things his strangely named yacht is only the tip of the iceberg he also owns opulent things like a rug woven with jewels in threads of solid gold worth an astonishing seven million dollars but perhaps what's most impressive is the amount of money he's willing to pay people for services he once paid 1.5 million for a badminton coach to be flown out to brunei and help him with his game he also once imported joe montana and herschel walker to help teach his son football taking advantage of their professional skills reportedly cost the prince seven figures each but the most extravagant prince jeffrey once paid 17 million dollars for michael jackson to perform at his brother's 50th birthday party it took place at a stadium custom built for the event at the azure palace residence which features 1788 rooms and covers about 49 acres but obviously it was michael jackson who was the star of the whole event so how did prince jeffrey get so rich that he could hire the one and only michael jackson for a birthday party well most of prince geoffrey's money comes from dipping into his brother's 30 billion net worth but the prince also has done some of his own work he served as the chairman of the brunei investment agency which invests much of the country's wealth and is responsible for overseas investments his biggest investments while with the agency include the empire hotel built at a cost of 1.1 billion and the gerdone park the largest and most expensive amusement park in southeast asia for one billion dollars the prince also served as the agency's finance minister from the mid-1980s to the mid-1990s but that's when things started to go downhill while in the position he was charged with stealing 14.8 billion dollars from brunei the prince hoped to pin the crimes on his two lawyers by claiming he never signed his own checks and that others were in charge of his finances instead he ended up being sued by them for 23 million bucks following negotiations an undisclosed settlement was reached in 2000. though prince jeffrey claimed that the sultan assured him he could keep a few of his properties to maintain his lifestyle but he didn't get to keep that much in 2000 the prince returned more than 500 properties 2 000 cars 100 paintings five boats and nine aircrafts to brunei and much of his property was auctioned off at one point he was even forced to surrender five diamonds worth 200 million dollars to the brunei investment agency so the playboy prince may not be quite as well off as he was before but he hasn't been kicked out of the royal family so he still has access to billions now he's kept more of a low profile since the government fallout but it's probably not the end of prince jeffrey's lavish lifestyle being a prince comes with the need to look royal and dignified so we'll leave you with one last extravagant fact prince jeffrey and the sultan reportedly spend get this twenty thousand dollars each on a single haircut oh you heard that right they fly from brunei to london to see their favorite barber at a cost of twelve thousand dollars per flight wow thanks for watching if you enjoyed this video on the extravagant lifestyle of prince jeffrey don't 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Channel: TheRichest

Views: 604,947

Keywords: the richest, therichest, prince jefri bolkiah, prince of brunei, sultan of brunei, prince of brunei scandal, prince of brunei houses, prince of brunei cars, prince of brunei yacht, prince of brunei private jet, house of bolkiah

Id: uLmoLeCN36c

Length: 8min 2sec (482 seconds)

Published: Fri Mar 05 2021