Sultan Hassanal Bolkiah Net Worth $20 Billion
Sultan Hassanal has an estimated net worth of $20 billion. Hassanal Bolkiah is among the planet’s most affluent and has been head of state since 1967. Since 2009 his fortune has not change according to Forbes magazine. Sultan Hassanal and Brunei weathered worldwide downturn with conservative economic policies and currency pegged to Singapore’s. But oil production is slowing and reservations are expected to last just 25 years, so the precedence is targeted at trying to diversify the economy. The sultan continues to spend lavishly: in 2010 supposedly bought 48 handbags, 24 “duck” umbrellas from Lederer de Paris store in nyc . The Sultan is famous for his vast auto group. It has been said that the Sultan has at least 7,000 cars and has purchased over $789 million worth of high performance automobiles.
The number bought by his business interests as well as the number really used by himself and his family differ significantly. Based on Guinness World Records the Sultan’s personal private collection has more than 600 Rolls-Royces, more than 450 Ferraris, and 134 Koenigseggs — the greatest collection of that brand in the world. During the 1990s, his family accounted for almost half of all Rolls Royce purchases, bulk buying slightly modified vehicles for diplomats and adding unique cars with their own group. His family also possesses the very last Rolls-Royce Phantom VI, a 1992 state landaulette.
The Istana Nurul Iman palace, is Sultan’s official residence, provides visitors a magnificent sight. It’s the largest palace on the planet, considerably bigger than the Vatican palace. US$ 350 million was spent in erecting the palace. It has 1788 rooms, 257 bathrooms as well as the total floor space is 2,152,782 sq. feet.