How Much Is The Net Worth Of Sultan Of Brunei 2021?


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Are you looking for the net worth of the Sultan of Brunei? Well, check out the Sultan of Brunei’s net worth, his riches, net worth comparison and a lot more below. 

The current Sultan and Yang di-Pertuan of Brunei Hassanal Bolkiah is also the Prime Minister of Brunei since the country got its freedom from British rule in 1984.

 Born on July 15, 1964, his father was Sultan Omar Ali Saifuddien III and mother was Queen Pengiran Anak Damit (Raja Isteri) Sultan Hassanal Bolkiah accepted the throne of Brunei from his father in 1967.

The coronation ceremony was conducted on August 1, 1968 which declared him as the head of the state enjoying complete executive authority. He is also the head of the government as the Prime Minister. 

What is the net worth of the Sultan of Brunei?

The current Sultan and Yang di-Pertuan of Brunei Hassanal Bolkiah is also the Prime Minister of Brunei. His current net worth is estimated at USD 30 Billion in October 2021. 

Sultan of Brunei also holds other offices as the Minister of Foreign Affairs, Minister of Defense, and Minister of Finance in addition to being the honorary general in the armed forces and the supreme commander of the Royal Navy. 

He is the supreme commander of Brunei’s royal armed forces. The sultan also appointed himself as the Inspector General of Police of the Royal Brunei Police Force. On 5 October 2021, Brunei celebrated the 50th year or Golden Jubilee of the Sultan ascending the throne. 

Following Elizabeth II, the Sultan of Brunei is the second longest ruling monarch in the world. Sultan of Brunei net worth is a highly interesting and highly pursued topic today as he has a massive wealth at his disposal.

Many universities including the National University of Singapore and the University of Oxford, England, UK conferred honorary doctorates on him. 

Net Worth of the Sultan Of Brunei

The Sultan of Brunei is one of the wealthiest individuals on the earth today. The Sultan of Brunei net worth 2021 is estimated at US$30 billion. In 2008, his net worth according to Forbes was US$20 billion. The major part of the Sultan’s wealth is attributed to the oil resources in the country. 

When Sultan Hassanal Bolkiah assumed the throne in 1967, he was running only 15 years. When he took over the rule of the state, he was already extremely rich.

Brunei is a tiny sultanate state on the Island of Borneo. Though his father chose to hand over the reins of the state to Bolkiah when he was just fifteen, the coronation ceremony happened only in 1968. 

Soon after his enthronement, huge reserves of liquefied natural gas and over five oil fields located off the coast of the country were discovered. Though the country had been trading oil since the 1920s, these discoveries helped supercharge the finances of the state of Brunei as well as that of the Sultan.

The huge wealth of the sultan is derived mainly from the sale of oil and several businesses and other financial ventures of the state. While some of them are owned by the sultan, some are owned by the government. Since the sultan has absolute powers over the state, the majority of profits are transferred to him. 

About the Sultan’s Riches

On the 1st of January 1984, the sultan of Brunei proclaimed the country as independent. Upon this, he assumed the title His Majesty and as the Prime Minister of the state.

Soon after the grant of independence, the sultan became the richest man in the world and in 1987, his riches were estimated at US$ 40 billion. Around this time, the spending of the sultan also took off. 

The country’s major oil production firm is called Brunei Shell Petroleum (BSP). This firm is a joint venture that the Brunei government owns along with the Royal Dutch Shell group of companies.

This company’s refineries produce around 10,000 barrels of oil in a day, and through this alone, the Sultan roughly earns about $103 a second. 

Sultan of Brunei’s Net Worth Compared with the Wealthiest Royals

The Sultan of Brunei is much wealthier than Queen Elizabeth II. Here is a comparison of the wealth statuses of the five richest royals on the earth.

Maha Vajiralongkorn, King of Thailand is the richest royal on the earth. Also called as Rama X, the present ruler of Thailand has a net worth of US$ 43 billion in 2021.

Sultan of Brunei stands in second place among the wealthy royals with his estimated net worth of US$ 28 billion. A significant portion of his wealth comes from the enormous and globally significant oil reserves of the state of Brunei.

In the third place, we find Salman bin Abdulaziz Al Saud, King of Saudi Arabia with his net worth estimated at US$ 18 billion. Much of his wealth comes from the natural gas and petroleum reserves of the country.  

Khalifa bin Zayed Al Nahyan, President of the UAE is the fourth richest monarch on the earth with an estimated wealth of US$ 15 billion. He runs a sovereign wealth fund with assets valued at US$ 830 billion. Much of his wealth comes from the oil reserves of the state.

Mohammed VI, King of Morocco has a net worth of US$ 8 billion placing him in the fifth position among the wealthiest royals. He has shares in a long list of banks and firms. The daily operating budget of his palace is US$960,000. 

Sultan of Brunei Cars and Houses

The sultan not only runs the state. He has several passions and very expensive indulgences. Bolkiah focuses on collecting the largest fleet of automobiles on the earth.

It is said he owns anywhere between 3,000 and 6,000 cars. Sultan of Brunei cars collection also includes the world’s most luxurious gold coated Rolls Royce. 

The Sultan of Brunei has a fancy for unique cars and therefore he is constantly on the lookout for something new in the domain of cars. In fact, his cars collection is deemed as the largest and the most valuable private cars collection on the earth. 

The value of the total collection is estimated at $5 billion. Some of the numbers connected to his cars collection are 600 Rolls-Royce, 550 Mercedes Benzes, and 450 Ferraris.

Some of the notable members of his cars collection are 8 Ferrari F40s, 3 Ferrari LaFerraris, Six Ferrari 456 GT Venices, One Ferrari F90 Testarossa, 4 Bugatti EB110s, One Ferrari Enzo, One Ferrari FX, One Pagani Huayra, 21 lamborghinis, 11 Asoton Martins, and 10 McLaren F1s with each one of them valued between US$ 10 and 15 million. 

The sultan also received the Guinness World record for owning the largest number of Rolls Royce cats in 2011. The most famous one among the collection of his Rolls Royce cars is the Silver Spur Limo that is plated with gold and is used for royal ceremonies. 

Some time back, the Sultan of Brunei’s family also owned a massive collection of cars and over 2,500 of them were under the personal possession of Sultan’s brother Jefri Bolkiah, just to entertain his family’s passion for the luxury cars of the world. 

The maintenance and fuels of these cars and the other extravagant indulgences of the king and the royal family costing several billions of US dollars landed the government in a financial crisis. The cars collection of the royal family had to be just left abandoned. 

A huge number of cars that were not garaged had to be abandoned and just left to rusting. The rest of the cars were auctioned. 

The Sultan of Brunei lives in a massive place that he constructed for the royal family. This mansion has around 1,788 rooms and this is notably the largest private home on the earth today. This palace was built in commemoration of the country’s independence. 

The construction took nearly two years to complete and the building was called Istana Nurul Iman Palace. The cost of the whole project was $1 billion. As per the Guinness book of records, this palace is the largest of all royal residences in the world that covers 200,000 square meters area. This building is also used to run the government.

The palace is decorated lavishly with Italian marbles, China silks, and carpets weaved with gold and diamonds. The facility includes two mosques, five pools, and a banquet hall that can accommodate 5,000 guests. 

There are priceless pieces of art found in the place including those of Claude Monet and Pablo Picasso. The palace also has a huge air-conditioned stable for the sultan’s horses. 

Sultan of Brunei Wives

The Sultan of Brunei’s first marriage happened in 1965. His first wife was also his first cousin Princess Saleha. This was an arranged marriage as per the royal tradition of the Sultanate of Brunei. At present she is known as Queen Consort of Brunei. 

Together they had six children and among them is the Crown Prince Al-Muhtadee Billah born in 1974, who is the next successor to the throne. 

The sultan had two other wives. The name of his second wife was Mariam Abdul Aziz. He divorced her in 2003 and upon this separation, all her royal titles were taken away from her. The sultan married Azrinaz Mazhar Hakim in his third marriage in August 2005.

She was 33 years younger than him. He divorced her in 2010 and this separation stripped her of all the titles, allowances and honors the royal family had given to her. From his former wives, the Sultan had 12 children and 18 grandchildren. 

How Does the Sultan Spend his Money

How the Sultan spends his huge wealth is one another interesting topic. A significant portion of his wealth is spent on maintaining his huge palace consisting of 1,788 rooms and the fleet of his thousands of luxury cars. Each of his haircuts costs over US$ 20,000. 

The Sultan of Brunei also owns a Boeing 747, which he has reserved for his personal use. His personal jet is an Airbus A340-212 that costs $103 million on purchase and $124 million on modernization.

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 This flight is named as The Flying Palace ably adorned with luxurious touches like gold and crystal sinks in en-suite bathrooms and wooden décor all over. He has created a theme park named Jerudong Park. His private zoo has about 30 Bengal tigers. 

In the palace of the sultan, there is a lavishly built polo complex. The sultan organized Michael Jackson’s performance for his 50th birthday. All the 12 children of the sultan have a flair for spending lavishly. For example, Prince Azim used private jet to fly jewels to Mariah Carey. 

Hotels Owned by the Sultan

The Sultan of Brunei has a large number of hotels in different countries managed by a holding company named as the Dorchester Collection, a part of the “Brunei Investment Agency”. Some of his hotels are The Beverly Hills Hotel and Hotel Bel-Air in Los Angeles, 

The Dorchester and 45 Park Lane in London, Coworth Park in Ascot, UK, Le Meurice of Paris, Hotel Plaza Athénée in Paris, and Hotel Principe di Savoia in Milan. 

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Rachel Phillip
Rachel Philip is the main author of this website. She’s crazy about finance and investment and takes inspiration from the top millionaires in the world. Check out  www.theirnetworth.com for keeping the updates of top celebrities’ net worths.