Rs 4000-crore palace, 700 cars and more: The fabulous life of the world's richest family

With a net worth that exceeds the combined wealth of Gautam Adani and Mukesh Ambani, the world’s wealthiest family has reached unprecedented levels of luxury. The Al Nahyan royal family of Abu Dhabi has accumulated an incredible wealth of $305 billion (₹25,38667 crore), making them the richest family in the world in 2023. Their net worth of $232.2 billion (₹19,31,374 crore) puts them ahead of Walmart Inc.’s heirs, as reported by Bloomberg. Here’s all we know about the royal family. Their opulent lifestyle The family is led by UAE President Sheikh Mohamed bin Zayed Al Nahyan, whose initials are MBZ. He has 18 brothers and 11 sisters. In addition, the Emirati king has nine kids and 18 grandkids. According to a recent report by GQ, the family has a lavish array of assets, including a $475 million (₹4,078 crore) presidential residence, 700 cars, eight private jets, and even a football club. They live in the lavish Qasr Al-Watan presidential palace in Abu Dhabi, the biggest of the several presidential residences it owns in the United Arab Emirates. The grand palace, spanning almost 94 acres, is home to valuable historical relics and features a chandelier composed of 350,000 crystals.

في كلّ ركنٍ قصة من وحي تاريخ دولة الإمارات العربية المتحدة!
اكتشفوا قصص تراث الأمة الغني والعظيم وخططوا لزيارتكم إلى #قصر_الوطن اليوم. #في_أبوظبي pic.twitter.com/Uv4zQH6bXb

— Qasr Al Watan Tour (@QasrAlWatanTour) November 1, 2022

In addition to the presidential residence, the family owns other palaces across the world, such as the Chateau de Baillon in Paris and several other properties in the UK, which has earned Sheikh Khalifa bin Zayed Al Nahyan the title of “landlord of London.” Their ownership of high-end megayachts like the $600 million (₹ 4992 crores) Azzam and Blue superyachts strengthens their position. The Azzam is recognised as the longest yacht in the world, measuring 591 feet and surpassing Jeff Bezos’ superyacht “Koru.” Over 700 cars, including the largest SUV in the world and high-end vehicles like Bugatti Veyrons, a Lamborghini, a Mercedes-Benz CLK GTR, a Ferrari 599XX, and a McLaren MC12, demonstrate the extent of their wealth. The collection is overseen by Sheikh Hamad bin Hamdan al Nahyan. According to a 2015 New Yorker article, the Al Nahyan royal family’s fortune has been revealed, putting them on par with the British royal family. Source of income The family has an impact that goes beyond their lavish way of living. The family’s astonishing wealth comes from controlling almost six per cent of the world’s oil reserves. Their assets include Manchester City, a football empire, and strategic stakes in significant businesses like Elon Musk’s SpaceX and Rihanna’s Fenty beauty brand. [caption id=“attachment_13634792” align=“alignnone” width=“640”] United Arab Emirates Mohammed bin Zayed Al Nahyan and Manchester City owner Sheikh Mansour bin Zayed Al Nahyan before the match in Turkey. Reuters[/caption] The president’s brother, Tahnoun bin Zayed Al Nahyan, is in charge of the family’s main investment firm, which has had an incredible rise of about 28,000 percent over the past five years. Currently, the company’s valuation stands at $235 billion. Its holdings span industries like as agriculture, energy, entertainment, and maritime, with a global influence. Tens of thousands of people are employed by their investment company, which has experienced huge expansion, highlighting their significant economic effect. The football ventures of the Al Nahyan family made a lasting impact on the sports world. The UK football team Manchester City was purchased by MBZ’s Abu Dhabi United Group in 2008 for a sum of $255 million (₹2,122 crore). 18 percent of the football empire is owned by the family’s business, the City Football Group, which also manages clubs in worldwide locations like Mumbai, Melbourne, and New York in addition to the UK. Their entry into football is in line with their large portfolio, which highlights their varied and significant holdings in a number of industries. List of other wealthiest families

2. The Walton family with $259.7 billion
3. The Hermès family with $150.9 billion
4. The Mars family with $141.9 billion
5. The Al Thani family with $133 billion
6. The Koch family with $127.3 billion
7. The Al Saud family with $112 billion
8. The Ambani family with $89.9 billion
9. The Wertheimer family with $89.6 billion
10. The Thomson family $71.1 billion

With inputs from agencies