World’s Richest Family: The AL Nahyan Royal Family in Dubai is one of the richest in the world, with assets like a presidential palace worth Rs. 4,078 crore, eight private jets, and ownership of a well-known football club, as per a recent report.
The leader of the United Arab Emirates is Sheikh Mohammed bin Zayed AL Nahyan, commonly known as MBZ. He is in charge of the royal family, which includes 18 brothers and 11 sisters. The Emirates royal family consists of nine children and eighteen grandchildren.
The royal family owns around six percent of the world’s oil reserves. Besides that, they have investments in various well-known companies, such as Manchester City Football Club, Rihanna’s beauty brand Fenty, and Elon Musk’s SpaceX.
Sheikh Hamad bin Hamdan Al Nahyan, who is the younger brother of the ruler of Abu Dhabi, owns more than 700 cars. His collection includes five Bugatti Veyron, a Lamborghini Reventon, a Mercedes-Benz CLK GTR, a Ferrari 599XX, and a McLaren Mc12, along with some of the world’s largest SUVs.
The royal family resides in the opulent Qasr Al Watan Presidential Palace in Abu Dhabi, which is the largest among many palaces in the UAE. The vast palace, spread across nearly 94 acres, features a grand dome and houses 350,000 crystal chandeliers, along with valuable historical artifacts.
Tahnoun bin Zayed Al Nahyan, the president’s brother, leads the family’s main investment company. Over the last five years, its value has surged by almost 28,000 percent. The company, now worth $235 billion, owns businesses in agriculture, energy, entertainment, and maritime sectors, employing tens of thousands of people.
Apart from the UAE, the Dubai royals own luxury properties worldwide, including in cities like Paris and London. According to a 2015 New Yorker report, the Dubai royal family’s assets were similar to those of the British royal family.
In 2008, Abu Dhabi United, led by MBZ, purchased the UK football team Manchester City for Rs. 2,122 crore. Notably, the company also holds an 81 percent stake in the City Football Group, which oversees football clubs like Manchester City, Mumbai City, Melbourne City, and New York City. The Dubai royal family’s global real estate holdings and significant investments in renowned sports clubs contribute to their substantial wealth and influence beyond their home country.
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| FAQ – World’s Richest Family |
1. Who is the richest family in the world?
The Al Nahyan family, known as the “House of Nahyan,” is considered the wealthiest family globally. Sheikh Mohammed bin Zayed Al Nahyan, who leads the family, is both the ruler of Abu Dhabi and the President of the United Arab Emirates (UAE).
2. Who is No 1 richest person in the world?
As of December 2023, Elon Musk is the number one billionaire in the world. He holds the title of the richest person with a net worth of $253.2 billion. A big part of his wealth comes from his companies Tesla and SpaceX.
3. Who is richest in India?
Mr. Mukesh Ambani, who is the Managing Director and Chairman of Reliance Industries, is the richest person in India. According to Forbes, Reliance Industries has a revenue of more than Rs 8 lakh crore ($104 billion).
