Malaysia's new king talks of wealth, owns 300 cars, private army, jets

Malaysia’s new king talks of wealth, owns 300 automobiles, personal military, jets

News By Jan 31, 2024 No Comments

Malaysia’s new king additionally has properties in Singapore—Picture: Courtesy NDTV

Kuala Lumpur:

The 65-year-old Johar Sultan Iskandar of Malaysia’s royal household is about to turn out to be the nation’s new king, and his wealth is the discuss of the world, with an estimated household price of greater than $5.7 billion, together with automobiles. , together with personal armies and plane.

In accordance with the report of the Indian broadcasting group NDTV, Johar Sultan Iskandar’s wealth just isn’t restricted to Malaysia, however he additionally owns belongings exterior the nation. Consists of a part of

In accordance with the report, Johor Sultan’s palace, Istana Buket, is the epitome of his household’s wealth, the place 300 luxurious automobiles, together with a automotive gifted by Germany’s Adolf Hitler, a fleet of personal jets, a golden and blue Boeing 737 are additionally parked. His household additionally has a personal military.

Bloomberg stories that his household’s wealth is estimated at $5.7 billion, however Sultan Ibrahim’s wealth is much better, with greater than 24 p.c of shares in U-Cell, certainly one of Malaysia’s largest cell service corporations. The overall funding made in personal and public corporations is greater than 588 million {dollars}.

The Sultan’s wealth consists of $4 billion price of land in Singapore, together with Tyersall Park, an costly space adjoining to the Botanic Gardens, with a further $1.1 billion from shares and actual property transactions.

Sultan’s position in home and regional affairs

Sultan Ibrahim’s position within the administration of Malaysia will likely be symbolic, however his position within the nation’s political surroundings is important and, in comparison with his predecessors, he has a popularity as a showmanship and daring persona.

In accordance with the report, he has affect on the native and worldwide stage as a consequence of his ties to Singapore’s political management and well-known Chinese language builders and can affect the nation’s international coverage.

Chinese language traders and long-standing ties with the Singaporean management could have a distinguished place in regional affairs and could have better affect over the nation’s financial system than private property or wealth inside Malaysia, as Chinese language tycoons with Collectively they’ve performed a central position within the completion of a number of main initiatives inside the nation.

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