Sultan Of Brunei Net Worth

Sultan Of Brunei Net Worth $19.5 Billion

Hassanal Bolkiah was born in the 15th of July, 1946 and is the 29th current Sultan of Brunei. He’s also the first Prime Minister of Brunei and the older son of Sir Muda Omar Ali Saifuddien III and Raja Isteri Pengiran Anak Damit. He occupied the throne as the Sultan of Brunei after his father abdicated on October 4th, 1967. The coronation was held on August 1st, 1968, and he became the Head of State (Yang di-Pertuan) of Brunei. 

sultan of brunei

Like his father, he was knighted by Queen Elizabeth II of the UK (because Brunei was a protectorate of the United Kingdom until 1984). The Sultan is the head of state, with full executive authority and emergency powers (under Brunei's 1959 Constitution). On March 9th 2006, the Sultan amended Brunei's constitution so he could be infallible under Bruneian law.

Hassanal also holds the portfolios of Minister of Finance and Defense, and is also the Supreme Commander plus Inspector General of Police of the Royal Brunei Armed Forces. Hassanal has even addressed the U.N. General Assembly on Brunei’s admission to the organization in September of 1984. He introduced Brunei to the conservative ideology of Malay Islamic Monarchy, which presents the ruler as the defender of the faith. 

hassanal bolkiah

He has favored the democratization of the Brunei government; Hassanal declared himself Prime Minister and President, and he even re-opened the Legislative Council, which had been dissolved since 1962. His successor will be his eldest son (Prince Al-Muhtadee Billah), and as a father, he’s leaving quite a legacy… He’s not only giving his son the throne of Brunei, he’s also transferring his wealth, or his net worth, of $19.5 billion dollars. And, the prince will get to live in the Sultan's official residence (which has 1,888 rooms, 290 bathrooms, and an area of 2,152,782 square feet).

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