3) King Abdullah bin Abdul Aziz Al Saud of Saudi Arabia – $18 billion
Under his leadership Saudi Arabia managed to come through the global recession in a better position than at the start due to government spending and high oil production. This policy breakdown has led to an estimated 4% growth in an incredibly tough climate. He owns the world’s second largest crude oil deposit of over 265 billion barrels, accounting for a staggering 18% of global reserves. With Saudi Arabia possessing a $727 billion GDP, he has recently invested $130 billion into unemployment funds and housing projects to counteract the increasing unemployment number in his young country.
Page 12 of 14
Discussion about this post