NET WORTH

Sultan of Brunei Net Worth: $20 Billion

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Biography

The current Sultan of Brunei is Hassanal Bolkiah. He was born on July 15, 1946 to Raja Isteri Pengiran Anak Damit and Sir Muda Omar Ali Saifuddien III. Being the first-born son of the monarch, Hassanal Bolkiah inherited the Sultanate when his father abdicated his throne on October 4, 1967. Bolkiah is the 29th sultan to reign over Brunei and at the same time he is Brunei’s Yang Di-Pertuan or Head of the State. Aside from inheriting the throne, he also inherited a fortune. The Sultan of Brunei has a net worth amounting to $20 billion.

 

How did the Sultan of Brunei make his money?

The primary source of income of the Sultan of Brunei is Brunei’s profit from its oil and gas industry. Petroleum was discovered in Brunei in 1929 in a town named Seria. Since then, oil and natural gas reserves have been drilled, produced, and sold to the international market to fully support the economy of Brunei under the leadership of its Sultan. Though it is known that the Sultan indulges in buying very expensive cars and aircrafts, he also operates Jerudong Park, a $1 billion theme park built to attract tourists. Being a very wealthy Sultan does not only benefit the Sultan and his immediate family members, it also benefits the people of Brunei under the Sultanate. Bruneians enjoy free medical services, free education, housing subsidies, and personal income tax exemption. All these perks were initiated and granted by the Sultan of Brunei, Sultan Hassanal Bolkiah.


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