From Lavish Spending to Generous Giving: The Fascinating Fortune of the Prince of Brunei’s Father

Recently, the Prince of Brunei has been the center of attention.But it was his father’s wealth that truly astounded everyone.

Sultan Hassanal Bolkiah, who was born in 1946, is currently Brunei’s prime minister, defense minister, and finance minister.After Queen Elizabeth II’s passing in 2022, he is the monarch with the longest reign in history. His father, Omar Ali Saifuddien III, abdicated on October 4, 1967.Prince Hassanal Bolkiah assumed the throne nearly a year later.

 

One of the wealthiest politicians in the world today is the Sultan of Brunei.His wealth was not inherited; rather, it was largely a result of Brunei’s rise following the discovery of oil and natural gas there in 1929. He also made investments in real estate and opulent hotels. and companies in numerous industries.

The wealth of King Hassanal Bolkiah is estimated to be worth $30 billion USD as of 2023 and is expected to continue to rise every year, according to some online statistics sites like Forbes and IMDb.

luxury vehicle collection

The billion-dollar expenditures of the Sultan of Brunei are legendary.He has a great love for automobiles and amasses the largest collection of rare vehicles in existence.The Sultan of Brunei is said to own anywhere between 3,000 and 7,000 high-end vehicles, according to a Hotcars report.

 

He also owns numerous Lamborghini, Bentley, and Porsche luxury vehicles in addition to hundreds of Rolls Royce and Ferrari automobiles.The King’s collection includes a lot of rare, one-of-a-kind automobiles, some of which have even been gold-plated.However, King Hassanal Bolkiah also has a collection of expensive motorcycles, many of which are either custom-made or incredibly rare.

 

Along with a sizable fleet of automobiles and motorcycles, the Sultan of Brunei also owns a private jet and a yacht outfitted with first-class amenities for travel.Bornrich mentions that the living room and bedroom are both gilded in the King’s Boeing 747-400.With a value of more than 200 million USD (including the cost of interior upgrades), it is the “flying palace” among the group of the most expensive private aircraft in the world.

The world’s largest gilded palace

Another testament to the wealth of the Sultan of Brunei is the world’s largest gilded palace worth about $1.5 billion. The gilded palace is called Istana Nurul Iman, a combination of Malaysian and Arabic words meaning “Palace of Light of the Gods”. This is where King Hassanal Bolkiah and his family live, and is also the workplace of the National Assembly of Brunei.

 

Over 1,700 rooms, including 257 bedrooms, 5 swimming pools, and numerous lush royal gardens make up the expansive palace.There is a banquet hall with seating for 5,000 people inside the palace as well.One of many gilded rooms is the King’s study, where much of the furniture and thrones are made of solid gold.Additionally, the palace includes a priceless stable with air conditioning.

Of course, the Istana Nurul Iman palace is just one of the numerous opulent homes owned by the Sultan of Brunei throughout the world.

Top companies

Numerous sizable businesses that King Hassanal Bolkiah owns play a significant role in his enormous wealth.businesses in a variety of industries, including oil and gas, finance, aviation, and hotels.

Brunei Shell Petroleum, a partnership between the government of Brunei and Shell, is a notable example.In Brunei, the company is in charge of oil and gas exploration, production, and sales.It is estimated that the King owns a stake in the business worth several billion dollars.

The Sultan also serves as the head of the government investment management organization in Brunei.With assets estimated to be worth over $30 billion, it is also among the top funds in the world.

Together, these businesses have a significant impact on Brunei’s economy and the Sultan’s personal wealth.

Efforts to donate to charity

 

Sultan Hassanal Bolkiah is known for his extensive charitable contributions both inside and outside of Brunei. He funds education, healthcare and disaster relief in Brunei. The king also paid much attention to efforts to preserve the country’s cultural heritage and participate in international aid.

One of the King’s children, Prince Abdul Mateen, has also become famous in his own right. The 9x prince is loved by many with his handsome appearance and passion for sports. Recently, many news channels said that he was present in Vietnam, bringing high heels worth 17 million USD to find his wife. This information is still making many people curious and extremely excited.