King Abdullah bin Abdulaziz Aziz, the former King of Saudi Arabia, had a net worth estimated at $18 billion at the time of his death in January 2015.
He was known for being a Saudi Arabian politician and military commander, and he ruled Saudi Arabia from 2005 until his passing.
King Abdullah was also the Commander of the National Guard for 48 years and played a significant role in leading Saudi Arabia through the global recession with government spending and high oil production.
| Attribute | Details |
|---|---|
| Full Name | King Abdullah bin Abdul Aziz |
| Net Worth | $18 Billion |
| Birthdate | Aug 1, 1924 – Jan 23, 2015 (90 years old) |
| Birthplace | Riyadh |
| Gender | Male |
| Height | 5 ft 10 in (1.8 m) |
| Profession | Politician |
| Nationality | Saudi Arabia |
King Abdullah bin Abdul Aziz’s Early Life
Born on August 1, 1924, in Riyadh, King Abdullah was the tenth son of King Abdulaziz, the founder of modern Saudi Arabia.
His early life was marked by a blend of traditional Saudi upbringing and formal religious education.
He held his first public office as the mayor of Mecca in 1961 and became the commander of the Saudi Arabian National Guard the following year.
King Abdullah bin Abdul Aziz’s Net Worth, Income Sources, and Economic Influence
As stated earlier, King Abdullah’s net worth was estimated at $18 billion.
His wealth was primarily derived from the vast oil reserves owned by the Saudi royal family, making him one of the wealthiest individuals in the world.
As a ruler, he wielded significant economic influence domestically by modernizing the economy and internationally through Saudi Arabia’s prominence in the oil market.
He also played a pivotal role in regional politics, advocating for peace and stability in the Middle East.
Click here to also read about Mohammed Bin Salman Bin Abdulaziz Al Saud’s Net Worth: Everything You Need to Know About The Crown Prince of Saudi Arabia.
King Abdullah bin Abdulaziz Aziz’s Lifestyle and Personal Life
King Abdullah bin Abdul Aziz led a life that reflected his status as a monarch of one of the wealthiest countries in the world.
His personal life was marked by a large family, with over 30 wives and at least 35 children.
He was known for his love of reading and established libraries in Riyadh and Casablanca, Morocco.
His personal life was closely tied to the traditions and culture of Saudi Arabia.
Death and Succession
King Abdullah passed away on January 23, 2015, at the age of 90.
His death set the stage for a smooth transition of power to his half-brother, Salman, who was already handling the kingdom’s leadership due to Abdullah’s ailing health.
The succession process highlighted the generational challenges faced by the House of Saud in choosing future monarchs.
Conclusion
In conclusion, King Abdullah bin Abdulaziz Aziz’s staggering net worth of $18 billion at the time of his death in January 2015 underscores the immense wealth and influence of Saudi Arabian royalty.
His legacy extends beyond riches, as he left behind a significant imprint on Saudi Arabia’s economy, society, and international relations.
As one of the wealthiest monarchs in the world, his financial prowess and strategic initiatives continue to shape the narrative of Saudi Arabia’s past, present, and future.
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