Sultan and Yang Di-Pertuan of Brunei, Sultan Haji Hassanal Bolkiah has an estimated net worth of $20 billion. He is the eldest son of Sir Muda Omar Ali Saifuddien III. Sultan Hassanal Bolkiah has been head of state since 1967. He led his country through the global recession; however with oil reserves expected to last only a further 25 years, his focus is now on diversifying the country’s economy to avoid disaster when reserves run out.
He is also infamous for his car collection, with rumors he owns over 7,000 cars costing a grand total of $789 million. According to Guinness World Records his collection has more than 600 Rolls-Royces, 450 Ferraris and 134 Koenigseggs, making it the largest brand collection in the world. In fact, during the 1990s his family accounted for almost half of Rolls-Royce’s global sales as his family looked to add to and diversify their collection. Some companies have made cars exclusively for him! He has a Rolls Royce coated with 24K gold.
Sultan Hassanal Bolkiah’s Istana Nurul Iman Palace
Considered as the largest residential palace in the world, the Istana Nurul Iman is the Sultan of Brunei Hassanal Bolkiah’s official residence. The castle is just several kilometres south of Brunei’s capital, Bandar Seri Begawan. It is right beside the Brunei River and it is built on a wonderful sprawl of hills.
Though its name translates to the “Palace of the Faith Light,” it looks more luxurious than spiritual, especially with its $1.4 billion price tag. This palace was built in 1984. With money coming from oil wealth, the sultan designed the palace with over-the-top details. It has a floor space that covers up to 2, 152, 782 square feet. The palace has 1,800 rooms and an air-conditioned stable to make sure that the Sultan’s favourite horses remain comfortable and healthy.
He invites thousands of people during the Hari Raya Aidilfitri. The palace is open to the pilgrims for three days. About 110,000 people come each year to stare in awe at the Sultan’s riches. The sultan will also give those pilgrims gifts and some money during that visit.