World's wealthiest family amasses a staggering $305 billion!
The Al Nahyan royal family of Abu Dhabi boasts an astounding net worth of $305 billion (Rs. 25 lakh crore), making them the wealthiest family globally. They became the wealthiest family in 2023, surpassing the heirs of Walmart Inc. whose net worth equals $232.2 billion (Rs. 19 lakh crore). The family owns a stake in several well-known businesses, including Elon Musk's Space X and singer Rihanna's Fenty beauty brand, in addition to owning roughly 6% of the world's oil reserves.
The royal family is headed by UAE president
The family is headed by United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan, who is also known by initials MBZ. He has 18 brothers and 11 sisters. Nine children and 18 grandchildren make up the royal family of Emiratis. The family's assets include a presidential palace worth $475 million, eight private jets, and ownership of the English football club Manchester City. The Al Nahyan family also owns luxury properties worldwide, including Paris and London.
The Al Nahyan family owns 380,000 square meters-presidential palace
Their property portfolio features the Qaṣr Al-Waṭan, a presidential palace in Abu Dhabi that spans 380,000 square meters. This luxurious palace showcases a 37-meter-wide dome and a chandelier made of 350,000 crystal pieces. The eastern wing houses a "House of Knowledge" with historic artifacts, while the western wing serves official purposes and meetings. Opened to the public in 2019, it is considered a top landmark in the Middle East.
Inside the Qaṣr Al-Waṭan palace
The family has an impressive car collection
President's younger brother Sheikh Hamad bin Hamdan Al Nahyan owns over 700 cars in UAE and Morocco museums, including the world's largest SUV, five Bugatti Veyrons, a Lamborghini Reventon, a Ferrari 599XX and a Mercedes-Benz CLK GTR. The family also possesses luxurious megayachts like the Azzam and Blue superyachts, each valued at $600 million. The Azzam is reportedly the world's longest yacht at 591 feet, even surpassing Amazon founder Jeff Bezos' 417-foot superyacht.
They have investments in International Holding Co. and global properties
The president's brother, Tahnoun bin Zayed Al Nahyan, is in charge of the family's principal investment firm, the International Holding Co.,which has seen an almost 28,000% increase in value over the past five years. With a market value of around $235 billion, it is reportedly, one of the largest firms in the Middle East, employing tens of thousands and owning over a hundred businesses in sectors like agriculture, energy, entertainment, and maritime.
The Al Nahyan family acquired Manchester City in 2008
Sheikh Mohamed bin Zayed Al Nahyan's Abu Dhabi United Group acquired the English football team Manchester City for $255 million in September 2008. The investment company also holds an 81% majority stake in the City Football Group, which operates Manchester City, Mumbai City, Melbourne City, and New York City football clubs. The Al Nahyan family's unmatched fortune is demonstrated by their acquisition of extremely expensive properties, which solidifies their position as the richest family in the world.
