Really he is a poor person now or in future....
Learn from him How to blow $30 billion dollars
This billionaire had an estimated fortune of $40 billion, which once placed him at the top of Fortune magazine’s list of the world’srichest people. Recent reports, however, suggest that his treasure has dwindled to a only $10 billion due to his lavish spending and bad land deals. How do you blow $30 billion which is roughly equivalent to the entire annual income of all 125 million people living in Bangladesh?
Hassanal Bolkiah Muizzaddin Waddaulah, Sultan and Prime Minister of Brunei inherited a personal fortune estimated at $40 billion from his father. Here’s how he managed to blow three quarters of the largest fortune in the history of the world.
A large chunk of it went on the Sultan’s palace, monstrosity that boasts 1,788 rooms and is larger thanthe Vatican-in a tiny country with just 300,000 inhabitants. When the Sultan’s daughter turned 18 he bought her an Airbus. For himself he prefers his own jumbo jet, originally designed to carry over 400 people.
Great skill in extravagance has also been acquired by his brother, Prince Jefri. Having heard of Disneyland, he decided to build the Jerudong Park Playground in the capital, Bandar-Seri Begawan, at a cost of $1 billion.
an astonishing court case this week revealed the extent of the Sultan’s financial excesses.
The 50-page list of payments – which totals 40 billion dollars – also reveals that over four years nearly 8billion dollars of state funds was paid into his account to bankroll his lifestyle. That’s more than oil-rich Brunei’s entire GDP.
But what a lifestyle. He is believed to own a fleet of 5,000 luxury and sports cars and his own private Boeing 747-400 worth 230 million dollars.
He shares a 1,788-room palace with Queen Pengiran Anak Hajah Saleh, who he married in 1965, and HRH Pengiran Isteri Azrinaz Mazhar, 29, who he married in 2005. The family also has lavish homes in London, Los Angeles, New York and Paris.
Details of the father of eleven’s finances have become public thanks to the most expensive family feud in legal history.
The Sultan, who has ruled as absolute monarch for 40 years, and his brother have been embroiled in a legal battle for 10 years. Lawyers’ bills alone stretch to 200 million dollars.
The Sultan claims his younger brother siphoned off 16 billion dollars during 13 years as finance minister and is now claiming the prince has failed to repay the 6 billion which was agreed in an out-of-court settlement back in 2000.
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