The world’s wealthiest family has surpassed many massive fortunes like Walton’s or Rockefeller’s. In the world, it’s not only individual billionaires or inherited tycoons who are rich; there are also numerous large families owning colossal fortunes, even making Elon Musk envious.
Among these, the Al-Nahyan family has overtaken the title of the wealthiest family in the Middle East to become the richest family globally in 2023, according to Bloomberg’s annual family wealth rankings. At present, this family from Abu Dhabi leads this list with a staggering wealth of $305 billion, marking their first appearance on this list.
This means that this family not only makes top world billionaires like Jeff Bezos or Warren Buffett “jealous” but also officially overtakes the Walton family, who own the largest US retail empire, Walmart, and are known as one of the longest-standing wealthy families in the US, with a fortune of $260 billion.
The immense wealth of the Al Nahyan family
With this overwhelming wealth, many would wonder: How could a family accumulate a $305 billion fortune? For the Al-Nahyans, their success doesn’t solely rely on oil exploitation, as many might think. In reality, their quick rise to wealth comes from astute investments across various business sectors, from Rihanna’s Savage X Fenty lingerie line to Elon Musk’s SpaceX Group. This has propelled their wealth to astronomical heights.
When talking about this family, their Qaṣr Al-Waṭan palace is the first thing that comes to mind. This palace is, in fact, the presidential palace of the United Arab Emirates, located in the capital, Abu Dhabi. Valued at $1 billion, this palace ranks among the top 20 cultural and artistic landmarks globally.
Inside the palace adorned with opulence of white and gold
Besides, family members also own an array of immensely valuable properties worldwide. Additionally, they have a passion for owning the world’s most luxurious super yachts, including the $500 million Azzam yacht designed exclusively for the late UAE President Sheikh Khalifa bin Zayed Al-Nahyan.
The Al-Nahyan family’s collection of luxury yachts
Moreover, supercars are another of this family’s passions. Sheikh Hamad bin Hamdan al Nahyan, owning a net worth of $20 billion, has amassed over 700 cars. This astonishing collection is displayed across four museums in the UAE and Morocco because even the palaces couldn’t contain them.
They had to build museums to house their car collection
Not only luxurious cars, but Sheikh Mansour, known as the owner of Man City FC with a $22 billion net worth, also holds stakes in automobile companies like Ferrari and Daimler AG. Additionally, the billionaire family has added a $450 million Boeing 747 and a $180 million Boeing 787 to their collection, providing luxurious travel for the entire family.
