Inside The Life of Saudi Arabia's Richest Family

with an estimated net worth of 1.4 trillion dollars the royal family of Saudi Arabia lives a luxurious life that's simply a dream to many from Exquisite houses to Flamboyant cars and breathtaking super Yachts the Saudi royalty spares no costs in acquiring only the best things let's take a look inside the life of Saudi Arabia's richest family family history to understand what goes on in Saudi Arabia's monarchy it is important to know their roots and Origins so let's go on a journey starting from the beginning to where the powerful yet controversial royal family stands today in 1932 the Kingdom of Saudi Arabia was established by IBN Saud and since then the house of Saud has ruled over the country as what many term an absolute monarchy the King has total control over the land and is expected to answer to only the Sharia law and the Quran today a king Salman bin abdulaziz sits on the throne steering the wheel of the oil-rich country and Middle Eastern giant however the story wasn't always one of Good Fortune Saudi Arabia was one of the poorest countries in the world with their only sources of revenue being pilgrimage and agriculture under the house of Saud this changed when oil reserves carrying an immense wealth of crude fuel were discovered in 1938 three years later they developed friendly business relations with the United States and thus began a journey into wealth and prosperity the oil fields were developed by the Arabian American Oil company which is now Saudi aramco at the beginning of its operations it was controlled by the United States but today the company now worth trillions of dollars constitutes a core part of the immense wealth of the Saudi royal family and the country as a whole two decades short of a century after it was founded Saudi Arabia is the only Arab country that's part of the G20 major economies and is recognized by the World Bank as a high income economy with a high human development index on the 4th of March 1938 Saudi Arabia first struck oil with its first commercial oil well and the wells are still flowing with vast resources today this is the back story to the wealth of Saudi Arabia's richest family now let's dive into what this wealth has afforded them members of the royal family have been frequently termed lavish Spenders but when you have such immense wealth spending is not a problem real estate muraba Palace the first glance at this edifice shows clearly that it is an ancient building yet even as it appears old and out of fashion it holds a significant place in Saudi Arabia's history and is of course sentimental value to the royal family it is a 32-room palace with two floors which was built beginning in the 1930s and eventually completed in 1945 for King abdulaziz al-saud otherwise known as out the founder of Saudi Arabia it appears to be a sort of mini City with several buildings the rooms were also built in a rectangular fashion with a courtyard in the center this is due to the culture of privacy especially as regards private Chambers today the building is a museum to remind the people of their Heritage and to also serve as a tourist attraction it shows old Construction and design techniques that were symbolic of Arabian culture the Naj D style architecture includes straw reinforced Adobe walls cooling Courtyards and and Acacia and palm frond ceilings on January 15 2008 President George W bush watched a traditional sword dance at the maraba palace in the company of the royal family while on a diplomatic visit to the country he was pictured holding a sword over his shoulder during the event again in 2017 president Donald Trump was entertained with the captivating sword dance at a Royal Banquet hosted in maraba Palace the palace is open to the public on specific days and times the personal assets and pictures of royalty can be seen as well as gilded doors and elaborate tapestries with gold lettering it is a great reminder of the Arab country's Heritage and a resource for anyone interested in going down memory lane to see how the Empire began and how the royal family lived even before the heydays al-yama palace this is the official Palace of the royal family from which Royal Duties are performed official meetings VIP receptions and Council meetings are also held here with the king and the Crown Prince overseeing the Affairs of the kingdom it is located in the country's capital city and is a clear symbol of the wealth and opulence of the Saudi royal family the expansive compound gives the palace the semblance of a mini City with sprawling Greenery carefully manicured to create perfect Symmetry and Incredibly High walls with carvings that depict the Finesse of Arabian architecture the interior is indeed a sight for sore eyes with floor-to-ceiling paneled Windows the best Italian marble flooring and carved ceilings expensive carpet it's at a luxurious and Lush feel to the rooms other notable features are Exquisite and elaborate chandeliers gold-plated doors and Rich upholstery due to the Royal Family's penchant for privacy not much is known about the interior of the palace but we do know that there are 400 rooms in the palace and several magnificent living rooms for meetings and lounging other palaces are the AL alja Palace located just outside Riyadh and the erga palace at the center of Riyadh these are alternative places for the royal family for special events or on the occasion of unrest that threatens safety in the main Palace Chateau Louis XIV this residence is the most expensive home in the world but when it was purchased in 2015 for an astonishing price of 300 million dollars the buyer's identity was undisclosed however in 2018 it became clear that the castle belonged to Prince Mohammed bin Salman one of the first sights on entering the castle grounds is a statue of Louis XIV a highly revered figure in France who is known as the Sun King it was carved in Carrera marble and sat in the middle of the expansive Garden Courtyard another fascinating view in the outdoor area is a fountain of gold-coated structures from which the water sprouts pyramid-shaped Trees lead to a labyrinth and the grounds also house a stable Farmhouse the making of This edifice took three years and over 200 skilled workmen the hard work paid off as the Chateau embodies Beauty a gold-plated Oakwood door ushers you in it Bears a sculpture of the Sun God on Horseback as a Victorious Roman Emperor inside the interior has marble surfaces specially commissioned paintings ironwork Stone carvings and silk drapings the best technology was also incorporated into the building with mechanized window shutters ambient lighting reversible air conditioning and a powerful speaker system all of which can be easily controlled from an iPhone the home is complete with a 3 000 bottle wine cellar squash court ballrooms a movie theater an underground nightclub and swimming pool at the center of the drawing room a breathtaking site is embedded in the ceiling it is a trump-loe painting of a paradise of flowers inspired by a fresco painting done by Charles LeBron for the Chateau de vola bicolt after several months and immense effort by the best painters in the field it was completed La Chateau de Lumiere being translated the Palace of light belongs to Khalid bin Salman al-saud the brother of the Crown Prince and Saudi ambassador to the United States it is located in Great Falls Virginia in the United States of America in 2017 the prince was still a student at Georgetown University when he acquired the property which cost him 12 million dollars it has eight master suite bedrooms furnished to taste 13 bathrooms a ballroom and multiple living and dining rooms throughout the interior there are rare customized antique sofas gold-plated statues and elaborate crystal chandeliers the opulent residence is fit for royalty and features several amenities that make it a great abode there was a spa massage room Wine Cellar Library gym card room basketball court and Cinema the outdoor area is filled with Greenery and a Serene pool in a relaxing lounge area with marble flooring a cabana fire bowls Corinthian columns and comfortable sitting Prince Al Walid bin talal's Palace the prince is the nephew of King Salman and one of the most prominent businessmen in the Arab world and the rest of the business World in general in the heart of Riyadh he has a phenomenal home that appears similar to something from a fairy tale the floors of the 420 room building are covered in the best Italian marble extravagant gilding and silk carpets with three swimming pools there are multiple options on where to swim including a gigantic pool built to resemble a lagoon with wild Greenery and breathtaking natural Aesthetics other amenities include a super large kitchen that can feed up to 2 000 people sounds wild right well there's also a 45-seat underground Cinema with 2 250 flat screens much to the dismay of many the palace has several stuffed animals made from real animals that were shot down during hunting trips by the brands these include a zebra and a lion castle of castaneto Po Prince al-walid also acquired this Grand residence in Torin Italy for 25 million dollars but the 40-room castle has an interesting history it was the childhood home of the musician supermodel and first lady of France Carla Bruni the bruny family invested ahead in refurbishing the building including adding frescoes and marquetry floors in 2009 the ownership of the home changed hands and became the possession of the royal it is a traditional english-style home with awe-inspiring frescoes painted by skilled artists including Constantino Serrano and Francesco gonine a caretaker's house is also included because when you have a house that sits on 70 hectares it definitely needs Special Care the castle houses all the necessary amenities including underfloor Heating lifts and kitchens with Ultra Modern facilities all Yachts it would be a gross mistake to mention the riches of the royal family in Saudi Arabia without also listing the super Yachts where they spend a significant amount of time each year and needless to say an insane percentage of their Fortune Prince abdulaziz this super yacht once held the title of the largest yacht in the world until it was usurped by super Yachts Dubai in 2006. it was built in 1984 by helsinger weirft a renowned yacht maker on the order of King fat who named her after his son prince abdulaziz who is now the current owner it took 15 months to complete to date it remains in the Saudi Royal Fleet and is often used to conduct business activities as well as Leisure outings over the years this beautiful super yacht has undergone refurbishment and refittings but it's still standing strong it is valued at 100 million dollars with yearly maintenance expenses of 10 million dollars the yacht can house 64 guests and a 65-man crew Kingdom 5K are once owned by Saudi billionaire arms dealer Adnan khashoggi this 281-foot super yacht was built in 1980 and named nabila after the businessman's daughter it has since been purchased by Saudi Prince al-walid bintala but it has a long history of ownership in 1988 khashogg Jew was in a financial crisis so he sold off the attitude the Sultan of Brunei afterward Donald Trump acquired it for 29 million dollars and named The Yacht Trump princess by 1991 Trump had run into immense financial debt as a businessman and then sold the yacht to al-walid for 20 million dollars the prince renamed the yacht kingdom 5kr kingdom being the name of his multi-billion dollar conglomerate five his lucky number and KR the initials of his children the Kingdom 5K are originally built at 100 million dollars has standard bedrooms a reception a pool and a helipad Pegasus 8. in 2000 III Crown Prince Mohammed bin Salman acquired this Motor Yacht for 120 million dollars it was built in Denmark by Royal denship a renowned yacht Builder with several years of experience and at the time of its construction it was their biggest yacht yet the vessel was once known as Princess Mariana before her current owner renamed her Pegasus the eighth the remarkable features of this vessel are the exceptional interior and exterior designs executed by zaretti interior design lucadini design and architecture and Espino International it can accommodate as many as 26 crew members and just a dozen guests in its luxurious Suites Serene Prince Mohammed has yet another yacht which is quite popular because of its beauty and size it is considered one of the largest super yachts in the world it was delivered to Yuri Scheffler a well-known Russian vodka maker for 330 million dollars by fin cantieri an Italian Shipyard measuring 60 feet 8 inches it was in the top 10 largest yachts in the world Serene boast an exclusive Preserve of luxurious accommodations and top of the class amenities it is such a beautiful yacht that in 2014 one of the richest men in the world Bill Gates rented the Yacht for 5 million dollars a week that same year its current owner Prince Mohammed bin Salman was on a vacation in France when he spotted the astonishing vessel and made in immediate purchase to the tune of over half a billion dollars it can comfortably accommodate 24 guests in its 12 Suites as well as 62 crew members there are speed boats a VIP cabin a sauna a Jacuzzi a beauty salon an elevator system satellite Communications and full air conditioning to act now this is the personal yacht of the king of Saudi Arabia King Salman bin abdulaziz Al Saud it was built in 2002 by vonder heesen a Netherlands company however in 2006 it underwent an intensive redesign by privacy projects and major changes were made to the external and internal structure as well as technical upgrade States it was designed by Michael Leach design in collaboration with devoked Naval Architects its quarters are quite Grand and can accommodate as many as 30 guests and a 21-man crew 2x cost about 10 million dollars to build and costs between 8 to 10 million dollars to maintain every year aircrafts again at the top of this list is the billionaire Prince al-walid bin to law in addition to this the billionaire who has a high taste for luxury and plans to buy and customize an Airbus A380 which normally has a capacity for 400 passengers when used as a commercial aircraft the plans were so Grand that they commanded the attention of all and Suntree in the aviation sector in October 2007 he visited the Dubai air show in his Boeing 747 to place an order for a VIP session of what was considered the world's largest passenger airplane and has now only been usurped by a modern version the A380 800 which has more than double the capacity of the older model the starting price of the A380 was 300 million dollars and the luxury customizations would have brought the cost to almost triple that price the proposed aircraft was to include a garage for a Rolls-Royce a concert hall an elevator from tarmac to plane 20 VIP Suites five super-sized cabins a Turkish bath and a prayer room with electronic mats that could automatically detect the location of Mecca in addition to these there would also be a large boardroom with a table that could also double as a touch screen and a spiral staircase one of its most amazing features was a room from which the ground underneath would be visible while flying to give a sort of Superman effect sadly this Vision never became a reality and what was to be the largest and most luxurious aircraft in the world never saw the light of day some analysts say that the prince ran into a financial crisis barely a year after the project began and as such couldn't keep up with payments While others say that he suddenly lost interest in the idea however one thing that many people could agree on is that the grand plans were mostly unrealistic for many reasons the A380 is a very big plane that was run by four massively fuel consuming engines and could only be housed and managed by the biggest airports in the world thus limiting its movement greatly the prince's other private jets include an Airbus a321 and Hawker City 125. the royal family also has a Boeing 777 valued at 320 million dollars and belongs to Prince Mohammed bin fad son of the late King fod the full details of its interior are unknown but it is rumored to be exquisitely furnished with the finest amenities and well befitting for a royal experience mid-air cars while the Crown Prince is known for his expensive yachts and residents he is not very big on cars although he has a few luxury brands in his Fleet such as Land Cruisers Bugattis Lamborghinis and Ferraris however two other princes are highly popular in this regard with multi-million dollar fleets of the rarest most exclusive cars let's begin with Prince turkey bin Abdul Doula who owns a fleet of golden cars including a golden Lamborghini Bentley and Rolls-Royce all his exclusive cars are wrapped in head-turning pure gold vinyl and he doesn't shy away from making a grand appearance every time he shows up in public the prince is now in his early 30s but has been building this collection since his twenties his Lamborghini Aventador SV is one of only 500 in the world and is worth 1.2 million dollars but the most expensive car in his collection is the Rolls-Royce Phantom Coupe at 4 million dollars the rare Mercedes-Benz G63 AMG 6x6 also Graces his collection at 2.5 million dollars other cars in his Fleet are a Lamborghini Huracan which cost 1 million dollars a Porsche 918 spider for 1 million dollars a Bugatti Veyron for 1.5 million dollars and a Range Rover Vogue for five hundred thousand dollars unlike other Arab billionaires he frequently visits London with his vast array of cars for short visits to cruise around the busy Metropolis one breathtaking picture shows a cheetah looking out of one of his luxurious golden cars with its gaze fixed on the camera as it stands tall in the driver's seat next is Prince Potter bin Mohammed bin farman al-saad's car collection which is considered one of the most impressive in the world he is a 37 year old member of the royal family and a businessman who is worth billions of dollars in 2016 he made the rounds when he acquired two rare limited collection cars the Bugatti Chiron and vision Gran Turismo concept car models that even the rich only dream of the two cars cost him over 5 million dollars in 2019 he also bought what was then referred to as the most expensive car in the world with a staggering price of 18.2 million dollars the model was none other than the phenomenal Bugatti labwa tour a quite pricey addition to his already expensive garage collection Prince botter has also been sided with a 5 million dollar Ferrari Ferrari aperta juventina and a 1.9 million dollar Aston Martin 177 a controversial Da Vinci painting it is important to also mention the crown Prince's love for artworks and one of his highly controversial Acquisitions and alleged Leonardo da Vinci painting known as Salvatore Mundi in 2017 Christie's organized an auction in New York where the 500 year old painting was sold for 450 million dollars this sale caused a stir and it was termed the most expensive artwork ever purchased for years the buyer remained unknown until it was revealed that the painting was sitting on a wall in one of Prince mohammed's super Yachts Serene this painting genuinely has been a subject of discourse amongst art historians and Scholars some believe that the painting is not 100 Leonardo da Vinci's work although it did come from his Studio some theories hold that it was painted by one of the master painters apprentices and he only put a Finishing Touch to it in other circles it is regarded as the male version of the incredible famous Mona Lisa painting in 2021 a documentary was released claiming that the prince had tried to force the Louvre to display the Salvatore Mundi side by side with the Mona Lisa as an authentic piece painted by Da Vinci himself the French Museum declined business Investments the royal family is not only interested in lavish spending but also heavily interested in Building Wealth by maximizing opportunities and setting up sources of revenue one such Endeavor is Saudi aramco which is considered to be one of the highest revenue generating companies in the world and was named the most valuable company in the world based on Market capital in 2022 this came following the Forbes Global 2000 ranking in 2020 where it ranked as the fifth largest public company in the world it seems to have many feathers in its cap as it was also ranked as the oil company with the second largest crude oil reserves and the largest daily oil production with headquarters in the southern province of Saudi Arabia from which global operations of Saudi aramco are controlled it's tentacles extend to cover several sectors including exploration production refining marketing and distribution however when it was first instituted the company's operations were to be limited to oil production alone but the Saudi Arabian government wanted the nation to have a central system concerned with oil production consequently the country's oil refining company samorak was merged with Saudi aramco this is no surprise as the oil rich Arab country has over a hundred oil and gas Fields including the largest onshore and offshore oil fields the gawar field and the safania field respectively as of 2013 Saudi aramco's total crude oil production was an astonishing 3.4 billion barrels this number has continued to Skyrocket and the company now owns the world's largest single hydrocarbon Network the master gas system with close to 300 trillion standard cubic feet of natural gas reserves today Saudi aramco's refining company is 5.4 million barrels per day and operate operations are being extended to the petrochemical industry in recent times the Saudi leadership with Crown Prince Mohammed bin Salman at the Forefront of several of its activities is making moves to diversify the economy and reduce dependence on oil production to successfully execute this the public investment fund has been enriched in early 2022 it received four percent of aramco's shares to the tune of about 80 billion dollars this has largely contributed to multiple investments in diverse sectors including football and Automobiles its portfolio has top companies such as Uber and Lucid Motors an electric car manufacturer in California by the third quarter of 2022 the pif had acquired shares worth seven billion dollars in is companies such as Microsoft alphabet Adobe Systems zoom and Starbucks in Europe its stakes in Royal Dutch Shell total any and Ecuador are worth about a billion dollars in 2021 it also took over ownership of the British soccer team Newcastle United paying about out 370 million dollars this is not the only Sports interest of the pif as it also founded a professional golf tournament known as the live golf to stand out from other competitors such as the World Golf Tour Premier golf league and PGA Tour it adopted a different strategy it was positioned as the richest golf tournament ever held with prize monies superseding that of other tournaments immense resources were also deployed to ensure that star golf players chose to participate the first season took place in June 2022 and was tagged the live golf invitational event consisting of 48 players 754 hole tournaments and a team championship even at the season final it cost the pif about two billion dollars to pull off while the total prize money was 255 million dollars with a winner guaranteed to go home with 4 million dollars almost double that of the PGA Championship in 2017. plans to build a new city with no streets no cars and no carbon emissions were announced the proposed Neon project is underway and expected to cost about 500 billion dollars it will be a self-dependent city with top of the line facilities such as Renewable Energy Systems high-speed public transport systems hospitals green parks and Gardens and schools the proposed city which has been called a wild dream out of a sci-fi movie by many is being built along the red Coast when completed projections indicate that it will generate close to 400 000 jobs and generate billions in Revenue the global swf released a report in 2022 stating that the pif's governance sustainability and resilience score had risen to 40 percent from its previous 28 amidst this the Saudi Arabian government continues to face huge criticism for human rights violations and accusations of trying to water down their atrocities with sports washing one such accusation regarding the violation of Human Rights is the assassination of Jamal khashoggi a journalist in Saudi national the monarchy has however refuted these claims in allegations others have also raised concerns regarding the activities of the pif stating that it is one of the least transparent Sovereign wealth funds in the world especially alarming is the amount of control Crown Prince Mohammed bin Salman holds over the dealings of the pif yet it seems to be on an investment spree spreading its influence internationally and Building Wealth in as many sectors as possible in addition to all these the royal family also has a world-renowned billionaire who has made an outstanding Mark in the business world he is none other than Al willied been to law grandson of Saudi Arabia's first monarch king Eben Saud as of 2022 his net worth was 16 billion dollars he is the founder of Kingdom holding company a canopy for his many business interests and worldwide portfolio it was established in 1980 as an investment company with Holdings in diverse Industries including real estate tourism Hospitality entertainment petrochemicals technology Aviation financial services and media Kingdom holding company has a rich history of investments in in top companies like McDonald's Apple Amazon eBay Procter Gamble Marvel Comics and several others currently it owns over 20 percent of the canadian-based Four Seasons Hotels and Resorts and became the second largest shareholder of Twitter in the last quarter of 2022 with such an affinity for business and wealth generation the royal family may actually be amassing wealth faster than it is spending however only the future can tell till then we keep our fingers crossed as we admire their luxurious lifestyle from a distance thank you for watching this video if you liked it remember to give it a thumbs up and subscribe for more interesting updates

Channel: King Luxury

Views: 3,038,194

Keywords: billionaires, documentary, dubai, family richest, how they spend their millions, inside the lifestyle, life in saudi arabia, lifestyle, luxury, most expensive, richest, saudi, saudi arab, saudi arabia, saudi arabia documentary, saudi royal family, the richest

Id: JvaFb6Msix0

Length: 26min 37sec (1597 seconds)

Published: Tue Feb 14 2023