Elon Musk is the richest man in the world with a wealth of $313 billion, according to the Bloomberg Billionaires Index (BBI) in November 2024, and Microsoft founder Bill Gates , who was once the richest man in the world, is worth $105 billion, according to Forbes. They are however, still not the richest rich people. There is one royal family , whose wealth far outpaces the richest billionaires of the world — exceeding them combined by at least four times — and that is the House of Saud, according to a report by the UK newspaper Express.
With a mind-boggling net worth of $1.4 trillion, the ruling royal family of the middle eastern Kingdom of Saudi Arabia , is also 16 times richer than UK's King Charles and his family. The British Royal family's net worth is estimated to be $88 billion, as per Forbes.
This comes from their properties — the Duchys of Cornwall and Lancaster, the prestigious Savoy Hotel, Somerset House, and King Charles' personal fortune. The British monarch is alone worth around $772 million and the 258th richest person in the UK, as per the report. Where's The Money? The incomprehensible numbers are possible due to Saudi Arabia's extensive oil reserves , which bankrolls the royal family's luxurious lifestyle.
Among their assets include a multitude of grand palaces, private yachts, private jets, and an enviable art collection. Since the Ottoman Empire's collapse after World War I, the royal families in the Middle East , including Qatar, United Arab Emirates.