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Fri 22 Aug 2008 12:34 PM

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UAE president ranked world's 2nd richest royal

Rulers of Abu Dhabi, Dubai and Saudi Arabia all in top five of latest Forbes list.

UAE president Sheikh Khalifa Bin Zayed Al-Nahyan has been ranked second in a list of the world's richest royals.

The ruler of Abu Dhabi's fortune of approximately $24 billion was topped only by the King of Thailand's $36 billion. Meanwhile, Sheikh Mohammed Bin Rashid Al Maktoum, ruler of Dubai, was ranked fifth with an estimated fortune of $18 billion.

Elizabeth II, the Queen of England, is now the world's 12th richest monarch after slipping one place in the royal rich list published by Forbes Magazine.

Top of the royals, according to the list, is King Bhumibol Adulyade - the world's longest-reigning monarch - who bumped last year's winner the Sultan of Brunei out of first place.

Estimates of the Thai king's fortune rose seven-fold since last year due to increased transparency over his holdings.

The Sultan of Brunei - one of only two rulers to see their wealth fall during the year - is now in fourth place with an estimated fortune of $20 billion.

Ahead of him is the UAE's Sheikh Khalifa and King Abdullah Bin Abdulaziz of Saudi Arabia, who was ranked third with a fortune of about $21 billion.

As a whole the monarchs grew richer, seeing their collective wealth increase to $128 billion.

Middle Eastern royals have done particularly well during the past 12 months with the price of oil soaring.

The richest royals:

1. King Bhumibol Adulyade of Thailand

2. Sheikh Khalifa Bin Zayed Al-Nahyan of the United Arab Emirates

3. King Abdullah Bin Abdulaziz of Saudi Arabia

4. Sultan Haji Hassanal Bolkiah of Brunei

5. Sheikh Mohammed Bin Rashid Al Maktoum of Dubai

6. Prince Hans-Adam II von und zu Liechtenstein of Liechtenstein

7. Sheikh Hamad Bin Khalifa Al Thani of Qatar

8. King Mohammed IV of Morocco

9. Prince Albert II of Monaco

10. Sultan Qaboos bin Said Al Said of Oman

Arabian Business: why we're going behind a paywall

The Engineer 11 years ago

It is really shameful to find such wealth with rulers when their country men are not. In fact some people are poor and $128B can solve many problems

adamu abubakar 11 years ago

Asslm, my hope is that their subjects ie the citizens are well looked by way of providing them with adequate water, houses, food, education, security and indeed secured jobs.

oliver 11 years ago

it is very unfortunate that this amount could be seen in the hands of so very few men while women, children and men are dying of hunger in Rwanda, Chad and other countries. Nobody goes to the grave with one dollar.

Usman Sani Bello 11 years ago

Even though we all love wealth, and think it is great to have as much of it as we can, my main question is, these rich royals, would they have made so much money if they were ordinary citizens like you and me? I wonder. Never-the-less, wish them luck and pray that they use and spend the money wisely.

Ryan 11 years ago

Having riches is great and it is good to see couple of the richest in the middleast and we are all aware that they are doing what best they can for their people but WHAT ABOUT THE PEOPLE WHO HAVE NO CLOTHES OR FOOD???? I am sure they must be doing their best for the poor but compared to ALL of them Mother Teresa was the richest in the world with nothing to call her own but had won the hearts of billions around the world. Try beating that........... Rich people around the world, use your money wisely coz when you die the closest you will be to your money is the expensive coffin and the clothes you wear for your funeral.

Wilhelm Niederhauser 11 years ago

It is amazing, how the people of Thailand love their king, the richest royal of all. It would be nice if he could return the love to his citizens, there are many hungry ones in the provinces. A few billions less would not make any difference to his lifestyle, but could mean a lot to those in need. Royals should realize that the "last shirt has no pockets".