According to Luxurylauches, the Saudi royal family owns a fortune 5 times larger than Elon Musk and Bill Gates combined.

According to statistics, the total wealth of the Saudi royal family is at $ 1.4 trillion with a total of about 15,000 members.

These key members of the Middle Eastern royal family live lavish lives with many valuable assets such as private planes, yachts or gilded castles…

The wealthiest member of the family is currently Alwaleed bin Talal Al Saud, with an estimated net worth of nearly $20 billion

The King of Saudi Arabia, Salman bin Abdulaziz Al Saud, and the Crown Prince, Mohammed bin Salman also hold huge fortunes.

The Saudi family is mainly in the field of exploiting huge oil fields. This has helped them earn billions of dollars, partly to pay for the members’ luxury living.

In addition, King Salman also established a business to invest abroad and make acquisitions worth billions of dollars called “Al Saud Group”.

They also own the state-owned oil company Saudi Aramco. This company in 2019 impressed the whole world with a “heavenly” market capitalization of $1 trillion, surpassing even the American giants with the highest profit in the world.

The magnificent Al Yamamah Palace is the official residence and office of the King of Saudi Arabia.

Al Yamamah Palace was built in 1983 in Riyadh.