Johor Sultan Ibrahim Iskandar: A glimpse into Malaysia new king's wealth
PTC Web Desk: At the age of 65, Johor Sultan Ibrahim Iskandar has become the new king of Malaysia, accompanied by a staggering estimated wealth of $5.7 billion. His extensive empire, transcending national boundaries, encompasses diverse sectors, including real estate, mining, telecommunications, and palm oil.
Sultan Ibrahim's opulent official residence, Istana Bukit Serene, stands as a testament to his family's immense wealth. Housing a collection of over 300 luxury cars, including one reputedly gifted by Adolf Hitler, and a fleet of private jets, including a distinctive gold-and-blue Boeing 737, the palace grounds reflect the grandeur of his holdings. Additionally, the Sultan's family commands a private army.
Although Bloomberg estimates the family fortune at $5.7 billion, Sultan Ibrahim's true wealth is believed to surpass this figure significantly. Holding a 24% stake in U Mobile, a major Malaysian cell service provider, and boasting additional investments totaling $588 million in private and public companies, he wields considerable financial influence. Furthermore, he owns $4 billion worth of land in Singapore, including the expansive Tyersall Park adjacent to the Botanic Gardens. The Sultan's investment portfolio, valued at $1.1 billion, thrives on substantial cash flow from share and real estate transactions.
As Sultan Ibrahim assumes his ceremonial role, his unique blend of flamboyance and outspokenness distinguishes him from his predecessors. Notably, his close ties with Singapore's leadership and business associations with prominent Chinese developers position him to exert considerable influence on both domestic and foreign policy.
Beyond his personal wealth, Sultan Ibrahim plays a pivotal role in shaping Malaysia's economic landscape. Functioning as a gatekeeper for business opportunities, particularly for the Malay community, he has been instrumental in major projects through joint ventures with Chinese tycoons. His business interests and alliances with Chinese investors, coupled with a special relationship with Singapore's leaders, establish him as a key player in the regional economic arena.
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