Would you believe, the Sultan of Brunei is not the wealthiest Monarch in the world?

Sultan Hassanal Bolkiah of Brunei is known of showing his wealth to the public and enjoy by doing that without hiding his gratitude by doing so image © Aljazeera

GWebcasters is definitely sure that you may have a thought of just how wealthy the Sultan of Brunei is.

Advertisements

The ruler of the tiny nation, Sultan Hassanal Bolkiah, has not exactly been shy about flaunting his wealth.

Advertisements

So, it should come as no surprise if he is the wealthiest monarch in the world, right? Well, he is not…and by a wide margin.

The world’s richest monarch

The Thai King, the one currently known as the richest monarch in the entire world © image ©ABC News
Advertisements

According to a report by CEOWorld Magazine, the richest monarch in the world is none other than the King of Thailand, King Maha Vajiralongkorn.

The report stated that his personal wealth is estimated to be between US$30 billion (RM125 billion) to US$43 billion (RM179 billion).

Advertisements

As comparison, the man we thought was the richest monarch in the world has a personal wealth of just US$28 billion (RM116 billion).

The King of oil-rich country Saudi Arabia, King Salman Abdulaziz Al Saud, meanwhile, has only US$18 billion (RM75 billion) in his bank account!

Advertisements

So how did he acquire that much money, you ask?

Financial Times reported that the King’s wealth was acquired after he ascended the throne back in December 2016, when Thailand’s Crown Property Bureau transferred its entire portfolio to him.

Advertisements

The royal assets, reportedly worth tens of billions of dollars, were held for more than 80 years on behalf of the monarchy.

The ongoing unrest in Thailand has brought to light the King’s personal wealth, with protesters questioning why taxpayers’ money are going directly into the personal bank account of the King.

Advertisements
Advertisements
Advertisements