Published on 08 Sep 2014 | over 2 years ago
Sultan Hassanal Bolkiah is the head of state and Yangi-Di Pertuan of Brunei. He has an estimated net worth of $20 billion. Hassanal Bolkiah is one of the world’s richest and has been head of state since 1967. Since 2009 his fortune hasn’t change according to Forbes magazine. He and Brunei weathered global recession with conservative economic policies and currency pegged to Singapore’s. But oil production is slowing and reserves are expected to last only 25 years, so the priority is aimed at trying to diversify the economy.
The sultan continues to spend lavishly: in 2010 reportedly purchased 48 handbags, 24 “duck” umbrellas from Lederer de Paris shop in New York . The case against his brother Prince Jefri, accused of pilfering $15 billion from sultanate, remains in courts. The Sultan is famous for his vast automobile collection. It has been said that he has at least 7,000 cars and has bought over $789 million worth of high-performance cars.
The number purchased by his business interests and the number actually used by himself and his family differ greatly. According to Guinness World Records the Sultan’s personal private collection has more than 600 Rolls-Royces, more than 450 Ferraris, and 134 Koenigseggs — the largest collection of that brand in the world. During the 1990s, his family accounted for almost half of all Rolls-Royce purchases, bulk buying slightly modified vehicles for diplomats and adding unique cars to their own collection. He also owns the very last Rolls-Royce Phantom VI, a 1992 state landaulette.
The Istana Nurul Iman palace, is Sultan’s official residence, provides visitors a spectacular sight. It is the biggest palace in the world, much bigger than the Vatican palace. US$ 350 million was spent in erecting the palace. It has 1788 rooms, 257 bathrooms and the total floor area is 2,152,782 sq. feet.
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