The new Sultan of Malaysia is so rich! Wealth more than the annual income of many countries

Kuala Lumpur. Sultan Ibrahim Iskandar is now sitting on the throne of Malaysia at the age of 65. It is said that his total wealth is around Rs 500 billion ($5.7 Billion) and his economic empire is not limited to the borders of his country. The scope of Sultan Ibrahim’s business extends from real estate, mining to telecommunications and palm oil business. He also owns a fleet of over 300 luxury cars belonging to the Malaysian royal family, including a car reportedly gifted by Adolf Hitler.

Malaysia’s new Sultan Ibrahim Iskandar also has a fleet of private jets including a Boeing 737. It is said that his family also has a private army. A report by ‘Bloomberg’, giving a glimpse of the wealth of the new Sultan, estimated that his family wealth is estimated at around 5.7 billion dollars. It is believed that the extent of Sultan Ibrahim’s real wealth is much more than this. His holdings include a 24 percent stake in U Mobile, one of Malaysia’s leading cellphone service providers. Which includes a total additional investment of $588 million in private and public companies.

Owner of valuable land in Singapore
Malaysia’s new Sultan Ibrahim Iskandar also has land worth $4 billion in Singapore, which also includes Tyersall Park, a huge area adjacent to the Botanic Garden. The Sultan has an investment portfolio of $1.1 billion, having earned huge sums from share and real estate transactions. Now that Sultan Ibrahim is on the throne, his role is largely ceremonial. But it holds great importance in the emerging political scenario of Malaysia. Unlike the previous Sultans of Malaysia, the new Sultan Ibrahim is considered flamboyant and quite outspoken.

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Business spread in many countries
His close ties to the Singapore government and business ties with major Chinese developers place him in a position to exert considerable influence over both domestic and foreign policy. Sultan Ibrahim’s influence extended beyond his wealth to Malaysia’s economic landscape. He has a strong tie-up with Chinese investors as well as a special relationship with Singapore’s leaders. All this together makes them a big player in regional economic affairs.

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Tag: army, malaysia, plane, Property