The ruling royal family of Saudi Arabia is regarded as the wealthiest family globally - The House of Saud which is regarded to surpass even the high-profile billionaires including Elon Musk , Mukesh Ambani, Ratan Tata and Gautam Adani. The family’s net worth is exceeding $1.4 trillion and has made a significant power since 1744.
Richest family of Saudi Arabia: A closer look The House of Saud has made its position in the category of one of the world’s most richest and influential families. Their family comprises around 15,000 members although majority if their wealth is concentrated among the core ground of about 2,000 people. Their wealth is derived from vast oil reserves.
Currently King Salman bin Adbdulaziz AI Saud leads the family with his personal net worth of $18 billion. Another important family member Prince Alwaleed bin Talal once had a net worth of $13.4 billion because of 2017 arrest on corruption charges his net worth figures fluctuated.
Luxurious residence of the House of Saud The official residence of the family, the AI Yamamah Palace built in 1983 around 4 million square feet. This palace showcases the traditional Najdi architecture beautifully designed with Italian marble and carved ceilings. This features 1000 rooms, a movie theatre, bowling alley, swimming pools and even a mosque.
The House of Saud owns several other extravagant palaces including AI-Awja Palace, a retreat for king Slaman where he hosts visiting dignitaries. According to the historian Rash.