Why Are Arab Princes And Royal Families So Rich? - Culture

Why Are Arab Princes And Royal Families So Rich? - Culture - Nairaland

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Why Are Arab Princes And Royal Families So Rich? by EricSmallz(op): 8:10pm On Jan 13, 2023

I was watching a video on Facebook about some of the richest Princes in those Arab Contries, Especially the UAE region. I did my little research, I didn't get satisfactory Explanation.
I know even King's all over the World are usually very rich.

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Re: Why Are Arab Princes And Royal Families So Rich? by DaddyFreeze2020(m): 8:13pm On Jan 13, 2023

EricSmallz:
I was watching a video on Facebook about some of the richest Princes in those Arab Contries, Especially the UAE region. I did my little research, I didn't get satisfactory Explanation.
I know even King's all over the World are usually very rich.

They have crude oil.
They export crude oil

201 Likes 13 Shares

Re: Why Are Arab Princes And Royal Families So Rich? by Nobody: 9:07pm On Jan 13, 2023

I also wonder why Arab refugees don't go to those rich Dubai, Qatar, Kuwait, Jordan, UAE etc for asylum.

Instead they prefer America and Europe and they prefer dying on cold in the European borders just to gain access to Europe.

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Re: Why Are Arab Princes And Royal Families So Rich? by id4sho(m): 11:12pm On Jan 13, 2023

AbdulMagaji:
I also wonder why Arab refugees don't go to those rich Dubai, Qatar, Kuwait, Jordan, UAE etc for asylum.

Instead they prefer America and Europe and they prefer dying on cold in the European borders just to gain access to Europe.

They are blacks, there's racism there too. The whites are far better in hospitality .
Historical, Arabs kept blacks slaves but they sent them back after their service .

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Re: Why Are Arab Princes And Royal Families So Rich? by AndroBlaze: 11:20pm On Jan 13, 2023

id4sho:
They are blacks, there's racism there too. The whites are far better in hospitality .
Historical, Arabs kept blacks slaves but they sent them back after their service .

Oga keep quiet if you have not travelled.

Arab refugees are not black...they are as arab as the princes the OP is singing about.

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Re: Why Are Arab Princes And Royal Families So Rich? by id4sho(m): 11:36pm On Jan 13, 2023

Use

AndroBlaze:

Oga keep quiet if you have not travelled.

Arab refugees are not black...they are as arab as the princes the OP is singing about.

This is recent times, Yemen & Syria war

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Re: Why Are Arab Princes And Royal Families So Rich? by EricSmallz(op): 12:51am On Jan 14, 2023

DaddyFreeze2020:
They have crude oil.
They export crude oil

Hmmm. The country isn't their personal businesses. Crude oil or whatsoever the country has, when sold, the proceeds should go to the government cofers.
If the monies they lavish is suppose to be the common wealth of the people, how come they flaunt their wealth to the whole world? Shouldn't that be considered corruption?

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Re: Why Are Arab Princes And Royal Families So Rich? by astonished: 1:59am On Jan 14, 2023

And they are richer than Elon musk and other Forbes billionaire,

I read a documentary on why they are not listed as the most richest people or person on earth, despite their worth are far more than those listed by Forbes.

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Re: Why Are Arab Princes And Royal Families So Rich? by KnowledgeIsVast(m): 2:01am On Jan 14, 2023

EricSmallz:
Hmmm. The country isn't their personal businesses. Crude oil or whatsoever the country has, when sold, the proceeds should go to the government cofers.
If the monies they lavish is suppose to be the common wealth of the people, how come they flaunt their wealth to the whole world? Shouldn't that be considered corruption?

Which category Nigeria come de

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Re: Why Are Arab Princes And Royal Families So Rich? by EricSmallz(op): 2:07am On Jan 14, 2023

KnowledgeIsVast:
Which category Nigeria come de

Have you seen a Nigerian Politician showing off wealth unless the average ones?
I don't think you understand me though.
These Princes spend fortunes for their personal needs and their networth is even known to media.
It all depicts that they don't steal these monies, but earn it legitimately.

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Re: Why Are Arab Princes And Royal Families So Rich? by ruggedtimi(m): 2:27am On Jan 14, 2023

The oil well heads in those Arabs nations are mostly owned by families and the royal family, so the proceeds from the oil mostly goes to the individual accounts. Unlike Nigeria the oil money is shared within the federal government. Else the king's from niger delta suppose dey veryrich

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Re: Why Are Arab Princes And Royal Families So Rich? by Nobody: 3:57am On Jan 14, 2023

id4sho:
They are blacks, there's racism there too. The whites are far better in hospitality .
Historical, Arabs kept blacks slaves but they sent them back after their service .

Do you mean that the Arabs in middle east are Blacks?

Incase you don't understand what I wrote, let me repeat it again.

When you go to borders in European countries you will find White Muslim Arabs stucked in the cold there and hoping to gain access into Europe.

Now I said why don't they move to their Rich oil Arab nations like UAE, Kuwait, Saudi etc for asylum?

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Re: Why Are Arab Princes And Royal Families So Rich? by falcon01: 6:27am On Jan 14, 2023

Oyel belongs to The King

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Re: Why Are Arab Princes And Royal Families So Rich? by SporaD8: 6:36am On Jan 14, 2023

ruggedtimi:
The oil well heads in those Arabs nations are mostly owned by families and the royal family, so the proceeds from the oil mostly goes to the individual accounts. Unlike Nigeria the oil money is shared within the federal government. Else the king's from niger delta suppose dey veryrich

Oil dey your head well well.
Unlike Nigeria that juxtaposed different system of government yet can't boast of mastering one, theirs is strictly Monarchical. Couple with their religious belief - it is Haram to query their leaders hence these rulers enjoys liberty to amass wealth without scruitiny!

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Re: Why Are Arab Princes And Royal Families So Rich? by padi94(m): 6:38am On Jan 14, 2023

EricSmallz:
Hmmm. The country isn't their personal businesses. Crude oil or whatsoever the country has, when sold, the proceeds should go to the government cofers.
If the monies they lavish is suppose to be the common wealth of the people, how come they flaunt their wealth to the whole world? Shouldn't that be considered corruption?

If you understand their history, you will know that they where ancient kings who owned all the lands and everything in it. The British didn't break them up to steal from them like they did in Africa.

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Re: Why Are Arab Princes And Royal Families So Rich? by phemmyfour: 6:46am On Jan 14, 2023*

EricSmallz:
I was watching a video on Facebook about some of the richest Princes in those Arab Contries, Especially the UAE region. I did my little research, I didn't get satisfactory Explanation.
I know even King's all over the World are usually very rich.

Generational wealth. Check out countries that use Kings, Queens, Prince etc

By default all lands in the Country belong to their kingdom

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Re: Why Are Arab Princes And Royal Families So Rich? by Nairalander248: 6:54am On Jan 14, 2023

AbdulMagaji:
I also wonder why Arab refugees don't go to those rich Dubai, Qatar, Kuwait, Jordan, UAE etc for asylum.

Instead they prefer America and Europe and they prefer dying on cold in the European borders just to gain access to Europe.

Those countries you mentioned have strict immigration policies, which include not taking in jobless refugees, so refugees they don't have much choice than ending in another countries.

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Re: Why Are Arab Princes And Royal Families So Rich? by Nobody: 7:34am On Jan 14, 2023

EricSmallz:
I was watching a video on Facebook about some of the richest Princes in those Arab Contries, Especially the UAE region. I did my little research, I didn't get satisfactory Explanation.
I know even King's all over the World are usually very rich.

The reason they are rich is this.

Many arab princes and royal families own lot of businesses in their various kingdom.

Look at the osama bin laden family, they own lot of construction companies and oil wells in Saudi Arabia and also outside saudi arabia.

The princes and riyal families are given access to enterprise than the average arab citizens.

Also some princes of the royal families are top government officials that manages sovereign funds of their kingdom.

Arab princes are also paid monthly for upkeep and other expenses.

Remember that Arabs are tribal, so they come together to achieve a common goal.

Another reason why they are very rich is that the oil boom made them rich, with the oil boom they were able to save and build other sectors of the economy like construction, green energy and also hospitality businesses.

The arab princes are experiencing the golden age of the arab world

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Re: Why Are Arab Princes And Royal Families So Rich? by Generalwoodz(m): 7:39am On Jan 14, 2023*

House of Saud whose numbers stand at 15,000members, are 16 times richer than British Royal. They're 50 billion times richer than royals found in Nigeria.

Who would buy my Facebook account of 2015

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Re: Why Are Arab Princes And Royal Families So Rich? by Nobody: 7:43am On Jan 14, 2023

AbdulMagaji:
I also wonder why Arab refugees don't go to those rich Dubai, Qatar, Kuwait, Jordan, UAE etc for asylum.

Instead they prefer America and Europe and they prefer dying on cold in the European borders just to gain access to Europe.

They do but it is not publicise like how the Europeans do theirs.

Saudi arabia alone received about 2.5 million syrians when the war started.

Dont also forget that, every day, millions of people go to the arab world to find for jobs in construction and other sectors

Uae took over 150k Syrian immigrants.

You should not also forget that the arab world is one of the places people immigrate to for jobs and opportunities

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Re: Why Are Arab Princes And Royal Families So Rich? by ednut1(m): 8:07am On Jan 14, 2023*

EricSmallz:
Hmmm. The country isn't their personal businesses. Crude oil or whatsoever the country has, when sold, the proceeds should go to the government cofers.
If the monies they lavish is suppose to be the common wealth of the people, how come they flaunt their wealth to the whole world? Shouldn't that be considered corruption?

the country is their personal business. The royal families and their families enjoy most of the oil wealth. They also give a little to their citizens . Corruption is subjective. What you consider corruption might not be corruption in another country . The population of indigenous people too is not very high

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Re: Why Are Arab Princes And Royal Families So Rich? by Peritome: 8:08am On Jan 14, 2023

They use their natural resources wisely, unlike a country Nigeria.

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Re: Why Are Arab Princes And Royal Families So Rich? by ITbomb(m): 8:22am On Jan 14, 2023

Imagine having 10 times the money Nigeria has from crude with 5 million population of same language, same religion people.
It's that simple

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Re: Why Are Arab Princes And Royal Families So Rich? by shegzhkn: 8:33am On Jan 14, 2023*

Na my specialty be this.

Rich is subjective, the Caucasian are still the richest.

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Re: Why Are Arab Princes And Royal Families So Rich? by udomma1005(m): 8:40am On Jan 14, 2023

DaddyFreeze2020:
They have crude oil.
They export crude oil

They have crude oil.
They export crude oil[/quote]Abi Hawa crude oil get sand for inside......?
Who did these to us?

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Re: Why Are Arab Princes And Royal Families So Rich? by Verifiedtrader(m): 8:55am On Jan 14, 2023

Oil money bro!.
Get your T-Mobile esim from me.
Let me help you set it up and I can also tutor you on how to be helping people set it up.
It’s a win-win for you.

1 Like

Re: Why Are Arab Princes And Royal Families So Rich? by grandstar(m): 8:55am On Jan 14, 2023

EricSmallz:
I was watching a video on Facebook about some of the richest Princes in those Arab Contries, Especially the UAE region. I did my little research, I didn't get satisfactory Explanation.
I know even King's all over the World are usually very rich.

The reason is simple.

Remember how rich Akwa Ibom was a fear years ago, how the the governor Akpabio was constructing projects right, left and centre?

Now, consider if you have 20 times more money with only a third of the population you are fully accounted for? That is

Kuwait has about 2m people, with only about a third of the population are Kuwaits, and yet produces as much oil as Nigerian which has over 200m people. Even out of those 2m people, only about a third are Kuwaiti citizens. The rest are foreign expatriates, who do most of the work because kuwaits are lazy. 93% of Kuwaitis who work are civil servants with very generous salaries.

Also, their kings are absolute monarchies and their kings treat the country's wealth as theirs.

Their monarchs earn legitimacy by spoiling their subjects silly and in return can live as ostentatious as they want. Their citizens pay no tax, so can't demand representations.

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Re: Why Are Arab Princes And Royal Families So Rich? by grandstar(m): 9:03am On Jan 14, 2023

AbdulMagaji:
I also wonder why Arab refugees don't go to those rich Dubai, Qatar, Kuwait, Jordan, UAE etc for asylum.

Instead they prefer America and Europe and they prefer dying on cold in the European borders just to gain access to Europe.

The rich Arab countries have very small populations. And even with the small populations they have, about a two thirds are foreign expatriates who do most of the work. Qatar has 3.3m people, with barely 10% are citizens.

So, they already have a large pool of migrant workers.

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