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Inside the lavish lifestyle of the world's richest family: ₹4,000 crore palace, 700 cars

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The Al Nahyan royal family of Abu Dhabi, known as the wealthiest family in the world, holds an immense net worth exceeding $300 billion. Their fortune comes from vast oil reserves and a variety of high-end investments, along with a wide range of luxury assets that reflect their global influence and financial power.

One of their most notable assets is the presidential palace, Qasr Al-Watan, located in Abu Dhabi. The palace spans nearly 94 acres and is valued at ₹4,078 crore, approximately the size of three Pentagons. The palace serves as a symbol of their grandeur and status. In addition, the family owns a spectacular chandelier made of 350,000 crystals, adding another layer of opulence to their wealth.

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The family's investments go far beyond oil. They control six per cent of the world’s oil reserves, while also diversifying their assets into globally recognized companies such as Elon Musk's SpaceX, Rihanna's Fenty beauty brand, and the Manchester City football club. Their investment portfolio also spans across agriculture, energy, entertainment, and maritime sectors, with their primary investment company headed by Tahnoun bin Zayed Al Nahyan, a brother of the UAE president. This investment firm is valued at $235 billion and employs tens of thousands of people worldwide.

The Al Nahyan family is also known for its lavish car collection. Sheikh Hamad bin Hamdan Al Nahyan, the younger brother of President Sheikh Mohamed bin Zayed Al Nahyan (MBZ), owns over 700 luxury cars. This includes the world's largest SUV, five Bugatti Veyrons, a Lamborghini Reventon, Ferrari 599XX, and McLaren MC12, to name a few.

Their wealth extends to real estate, with luxury properties spread across prime locations globally, including major cities like London and Paris. Their vast real estate holdings in some of the UK’s most exclusive neighborhoods once earned the family’s former head the nickname "landlord of London."

Sheikh Mohamed bin Zayed Al Nahyan (MBZ), who currently leads the Al Nahyan family, serves as the President of the UAE. He is part of a large family with 18 brothers, 11 sisters, nine children, and 18 grandchildren, all contributing to their immense wealth and influence worldwide. With investments in numerous industries and unparalleled luxury assets, the Al Nahyan dynasty remains one of the world's most powerful and affluent families.

Oct. 9, 2024 5:43 p.m. 420

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