King Abdullah Net Worth - The Kingdom of Saudi Arabia grieves the death of their beloved ruler, King Abdullah. King Abdullah bin Abul Aziz was Saudi's regent from the years 1996 to 2005. By 2005, he was crowned king before he died Thursday night at the age of 90. So how much exactly is he worth?
According to Celebrity Net Worth, King Abdullah's net worth is at a whopping $18 billion. Aside from being King and regent of Saudi, King Abdullah served as the Commander of the National Guard for 48 years. Through his reign, King Abdullah managed to pull his country through the recession.
King Abdullah's net worth is surprisingly not that huge compared to other royals who earn even more. The late Saudi King only ranks at number five. It is actually Prince Alwaleed Bin Talal Alsaud who ranks at number one with his net worth of $30 billion. He is then followed by the King of Thailand with $30 billion, Sultan of Brunei with $20 billion, and Sheikh Khalifa Bin Zayed Al Nahayan at $18 billion.
Despite King Abdullah's net worth of $18 billion, the billionaire king contributed much of his wealth to various causes around the world. The late Saudi King donated more than $50 million to the country of China after the 2008 Sichuan earthquake. Apart from this cause, the late King also offered more than $300,000 to New Orleans after the devastation brought by Hurricane Katrina.
Much of King Abdullah's net worth also went to donations to the United Nations World Food Program. King Abdullah donated more than $500 million to the said cause. In addition, the late Saudi King also offered a $10 billion endowment fund for the University of Science and Technology. His Good Samaritan work does not end there as he also formed a scholarship program for Saudi women and men who wish to study in Western universities.
This article is copyrighted by Travelers Today, the travel news leader
