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The British royal family is widely regarded as an important contributor to the country's economy, particularly in terms of tourism and the sale of royal merchandise. According to some estimates, the royal family contributes around £1.8 billion per year to the UK economy, including through the revenue generated by Buckingham Palace tours, royal weddings, and merchandise such as commemorative coins and china.
The royal family also provides a significant boost to the British tourism industry, with visitors from around the world flocking to see historic landmarks such as Buckingham Palace, Windsor Castle, and the Tower of London. The royal family's ceremonial duties and public engagements also draw attention to the UK, and help to promote British business and culture.
However, it's worth noting that the cost of maintaining the royal family is also significant, with some estimates putting the annual cost to taxpayers at around £69 million. While this cost is offset by the economic benefits generated by the royal family, some critics argue that the expense is unnecessary, particularly at a time when public spending is under pressure.
Estimated net worth: $1 billion The Monaco Royal Family, who you might recognize as the House of Grimaldi, has been very fortunate financially. However, finances might be the only thing they have much luck in.
Prince Albert gets a lot of his fortune by owning real estate in both France and Monaco. Additionally, he is the vice president of the Princess Grace Foundation, an American charity that supports emerging names in the arts.
Estimated net worth: $20 billion The Morrocan Royal family, who is headed by King Mohammed VI, has made some interesting leaps in Morocco’s history. The King outwardly broke some dated traditions by the way he handled his marriage with Princess Lalla Salma.
After giving her a title and acknowledging her publicly after the wedding, the public perceived his modern ideals in different ways. But, criticism faded away due to Princess Lalla Salma’s efforts in creating a charity. She is even a Goodwill Ambassador for the WHO. Unfortunately, she and the king are now divorced.
Estimated net worth: $4 billion The Royal Family of Bahrain, who is also known as the House of Khalifa, has ruled since the year 1766. The family is very popular and personable, as King Hamad bin Isa was close friends with people like the late Queen Elizabeth and Kim Kardashian.
The House of Khalifa gets a lot of their fortune from a massive oil reserve that they discovered back in 1932. Even though the king himself has a net worth of $4 billion, people speculate that the amount is much higher due to the family's investments.
Estimated net worth: $335 billion Qatar’s Royal family, otherwise known as the House of Thani, has ruled for the last 200 years. The current ruler, Sheikh Tamim bin Hamad Al Thani, is actually the youngest sovereign in the world.
The family holds many assets in the United Kingdom such as the Olympic village, Harrods department store, and the Shard skyscraper. Additionally, they have large investments in companies like Volkswagen and Tiffany & Co.
Estimated net worth: $88 billion The overall wealth of the beloved and well-known British Royal Family is calculated by the individual family member’s earnings. For example, the late Queen Elizabeth’s fortune was around $530 million and Meghan Markle’s is at $5 million.
Also, the calculation includes possessions such as art collections, prized jewels, estates, and personal items like clothing, jewelry, and family heirlooms. Another part of their wealth comes from a trust called the Crown Estate which gave the Queen 25 percent of all the revenue gained from tourism, as well as a portion from citizen taxes. Will King Charles inherit all this?
Estimated net worth: $200 million The Dutch Royal Family looks like the picture-perfect family bred in the labs where they probably made the Kinder chocolate kids. With a net worth of $300 million, you’d imagine that they live pretty comfortably.
They are also one of the most expensive families in the world, and here’s why: The family has invested in the Royal Dutch Shell Oil Company, and their personal fortune is approximately $200 million. Their extravagant lifestyle in their Amsterdam royal palace is the dream life, but it does come at a cost.
Estimated net worth: $60 billion The Thai Royal family is most famously known as King Bhumibol Adulyadej, their late king who acquired a fortune of $30 billion in the Crown Property Bureau.
When he died and the new king took over, those fortunes were passed down and added to the new king’s personal earnings. Many speculate where the money has come from, and even the family has admitted that the origins of their money are quite mysterious.
Estimated net worth: $12 billion Prince Hans-Adam II is perhaps one of the most honored and worshiped royals in the world. He lives in a beautiful castle looking out to the Alpine mountains, and his 38,000 citizens only ever formally address him as “Your Serene Highness.”
This makes you wonder — how does someone become that wealthy and privileged? Well, the easy answer is that he owns various art museums, but he also gets money from his family bank, and he doesn’t even have to pay taxes!
Estimated net worth: $360 billion Kuwait’s Royal family, also called the Al-Sabah family, currently comes in as the second richest Royal family in the world. Even though it is smaller than the Qatar family, the Kuwait family has more wealth from their stocks and shares.
Since the 1990s, these stocks and shares have quadrupled. This makes them the largest stakeholders in most of the major blue-chip companies in the U.S.
Estimated net worth: $4 billion The Grand Ducal Family of Luxembourg, also known as the House of Luxembourg, is led by the sovereign Grand Duke Henri. He was given this title from his father and other generations that came before him.
Henri studied in Luxembourg and France where he was trained to be a military officer. After this, he also studied political science at the University of Geneva. Sound like a man with a mind as sharp as his sword, so to speak.
Estimated net worth: $150 billion Abu Dhabi has been ruled by the House of Nahyan since 1793. The family consists of 200 male family members, and the number of female family members is unknown. Most of their money comes from oil reserves that originated in the oil boom that happened in the 1970s.
The Sheikh’s wife had her own personal hairstylist that she would fly to wherever she needed her to be — fancy, right? She claimed, “Once when we were in Cyprus, where she has a charity, she gave me an envelope and told me to treat my little girl. There was $3000 (£1900) in there and that happened fairly often. Anything you wanted, you just asked.” Talk about privilege!
Estimated net worth: $19 billion Dubai’s Royal family, otherwise known as the House of Maktoum, has ruled Dubai for just under 200 years. With 12 members of the family bringing in money, the family’s wealth is consistently rising.
Currently, it has stayed static at $19 billion, but it has a strong likelihood of increasing. The richest family member is Sheikh Mohammed bin Rashid Al Maktoum who is the Vice President and Prime Minister of the Arab Emirates.
Estimated net worth: 1.7 trillion The family that rules Saudi Arabia, otherwise known as The House of Saud, have been ruling their kingdom for over 200 years. With a land rich in oil and natural resources, the family was already set up to be quite a bit wealthier than any other kingdom. But, what sets them apart is their business and investments.
The royal family is substantially larger than European royals such as the British or the Dutch. King Salman, for example, has no less than 13 children and other members of his family have a similar number of kids. Exponential growth is the key to those numbers.
Estimated net worth: $30 billion The country of Brunei isn’t commonly known by many, but the Brunei Royal Family is incredibly well-known. Brunei is known for its national alcohol ban and lack of nightlife, so it is fair to say it is not exactly a dream destination.
Still, the country is ranked fifth in the world in terms of wealth. Out of the family, Prince Jefri is amongst the most unruly. He lives an extravagant lifestyle with numerous palaces and yachts.
Estimated net worth: $14 million The Belgian royal family, otherwise known as the Monarchy of Belgium, serves as the country's head of state. King Philippe was named the King of the Belgians in 2013, and he currently holds that role.
He married Countess Mathilde d'Udekem d'Acoz, and they have four children together. The eldest daughter, Princess Elisabeth, is the first in the line of succession.
Estimated net worth: $20 million The Spanish Royal Family, known as the Monarchy of Spain or, constitutionally, The Crown, is the highest office in Spain.
Currently, the members of the family include King Felipe VI, Queen Letizia, and their two daughters: Leonor, Princess of Asturias, and Infanta Sofía. The Monarchy of Spain acts as the government, as stated in their reestablished constitution (1978).
Estimated net worth: $30 million The Royal House of Norway — or the House of Glücksburg if your local — is led by King Harald and Queen Sonja. The monarchy has dated back thousands of years, but the modern monarchy is relatively quite young.
The royal family tree is pretty convoluted. This is due to Norway and Denmark being merged underneath the same monarch many years ago. The merge changed in 1905 when Norway and Sweden separated from the monarch and created their own separate singular monarch.
Estimated net worth: $40 million The Danish Royal Monarchy is one of the oldest monarchies in the world, as it has existed in over 1000 years. Since 1972, Queen Margrethe II has been the reigning leader of Denmark.
The family already receives a fund of $12.8 million for the Queen’s expenses which includes activities, household operations, and personal expenses.
Estimated net worth: $70 million The Swedish Royal Family, otherwise known as the Swedish Royal House of Bernadotte, has ruled Sweden since 1818. That's a long time to be passing down a crown.
Currently, the members of this family are responsible for performing official engagements and ceremonial duties. But, some members of the family are considered extended and, therefore, not considered to be royalty.
Estimated net worth: $100 million The Swaziland Royal Family, better known as the House of Dlamini, rules Swaziland (AKA Eswatini) — a small country in Africa. King Mswati III serves as the current king of Eswatini after inheriting the crown from his father at the young age of only 18 years old.
His policies and lifestyle are known for being very controversial, as he practices polygamy and has 15 wives and many children. This led to many protests within the country as well as international criticism.
Estimated net worth: $900 million Qaboos bin Said has ruled Oman as the Sultan of Oman until his death in January 2020. At the time of his death, he held the record of being the longest-reigning leader in the Middle East.
Qaboos made history by ending the country’s international isolation after overthrowing his father with British support. He implemented more modern policies that advanced the living standards in his country.
Estimated net worth: $750 million After King Hussein died in 1999, Abdullah II became the king of Jordan. He has been a very successful and esteemed leader in his time so far.
He created reforms that led the country to the 2008 economic boom, and he quickly put policies in place to change the government. Additionally, he had to deal with the lack of trade in Jordan’s neighboring countries and the decrease in petroleum supply.
Estimated net worth: $40 million The Japanese Royal Family, formally called the Imperial House of Japan, is composed of the extended family members of the reigning Emperor of Japan.
In Japan, the emperor is "the symbol of the State and of the unity of the people,” but the other members of the family are responsible for performing social and ceremonial duties. The emperor title is passed down to the son of the current emperor.
Estimated net worth: $32 billion The House of Wangchuck is has been ruling Bhutan since 1907. The monarch leading the family is referred to as the Dragon King, which is probably the coolest real title given to a modern-day person. Outside of Bhutan, this person is simply known as the King of Bhutan. The current Dragon King is Jigme Khesar Namgyal Wangchukin.
In 2008, at the time of his coronation, Jigme Khesar was only 28 years old, making him the youngest person in the world to lead a country.
Estimated net worth: $300 million You can find Ugbo Land in southwest Nigeria, and in it, you can find oil. Lots of it. All that oil is actually the main source of riches for Oba Obateru Akinrutan, the king of Ugbo Land. His official title is Olugbo, — the traditional king.
He first assumed the throne in 2009 but he has been enjoying immense wealth even before that. In 1981, he founded OBAT Oil, which is the largest private oil trading company in Nigeria.
Estimated net worth: At least $75 million The full name is Alayeluwa Oba Okunade Sijuwade, Olubuse II, and it is quite the mouthful. His local title is Ọọ̀ni, which is a traditional King in Ile-Ife, which is an ancient city located in Southwest Nigeria. The legend has it that this is the origin country of the Yoruba people.
Oba Sijuwade first sat in the throne in 1980 and he knows how to do business just as well as lead his country. He learned it all as a teenager from his father, who was King before him. Just like a proper apprentice.
Estimated net worth: $12 million Asantehene Otumfuo Osei Tutu II is the 5th richest king in the continent of Africa. He went to graduate school in the United Kingdom, and he went on to work in private and public organizations in other countries such as Canada.
In 1989, he decided to return to Ghana to lead a 12 million dollar company that provided mining services in Africa. Thanks to his upbringing, he excelled in the business, and his personal net worth alone (not including the family’s wealth) is a whopping $10 million.
Unbelievable! Its comfort actually!
read moreAs time went by, this blog was developed for many different purposes. Last time, I had a lot of pleasure in sharing some of my Lego-related hobbies. However, I will mostly upload a blog about bikes and their development in the next few months! Recently, I have so much into ebike cargo. They say this type of bike can replace the car! And I am very into it since my place is crowded with traffic jams! The video above showed a funny situation: I started the review from Brooks's handle! And after nine years! It's still an excellent bike handle and not even destroyed!
read moreKeep Watching
Hi, hi, hi. So, it's been a while for the last couple of weeks since I have considered buying a cargo bike. The reason is that I am often trapped in a traffic jam because I can't get faster in my car.
read moreIndonesia has launched Southeast Asia’s first-ever bullet train, a high-speed rail line connecting two of its largest cities.
Congrats! Indonesia launched Southeast Asia’s first bullet train.
Custom LEGO Transformers Devastator
My faith in humanity is restored! OK, that’s a bit overboard – but you couldn’t blame me if you see an incredibly, exquisitely and wonderfully executed custom LEGO Transformers Devastator such as this by Alex Jones. I feel transported to the 80’s once again, with the same intense childhood wonder when I first saw the Constructicons combine and become the formidable Devastator.
Collaboratively administrate empowered markets via plug-and-play networks. Dynamically procrastinate B2C users after installed base benefits. Dramatically visualize customer directed convergence without
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