Latest news with #Rolls-Royces
Sky News AU
8 hours ago
- Automotive
- Sky News AU
King Charles III receives 'very expensive' ultra-luxury Rolls-Royce Cullinan Series II from King of Bahrain, the same model favoured by A-List celebrities
What do King Charles and Kylie Jenner have in common? They're both the very happy owners of near-million-dollar Rolls-Royces. The 76-year-old monarch was gifted a Rolls-Royce Cullinan Series II, worth a cool $895,000 plus on-road costs (according to The Australian Financial Review) by King Hamad bin Isa al-Khalifa of Bahrain, just before his coronation on May 6, 2023. The flashy SUV, favoured by A-List celebrities such as Kylie Jenner and Mike Tyson, was revealed in a newly released record of official gifts published by Buckingham Palace. The Cullinan Series II, which runs on both petrol and biofuel, is now part of the royal fleet and is expected to be used for official duties, though it hasn't yet been spotted in public with any royals aboard. In an appearance on The Royal Report, Sky News contributor Louise Roberts described the gift as "very interesting". "It's a gigantic vehicle, very, very expensive as well," Roberts said, noting the model is "a favourite of the Kardashians". An official coronation gift list released by Buckingham Palace reveals the lavish SUV wasn't the only offering from the Bahraini King, who also gave Charles a decorative clock. Other gifts received by the King for his May 2023 coronation span the globe and range from deeply symbolic to historically significant. Amazonian Indigenous Leaders presented him with a feather crown, two beaded chest pieces, carved staffs, and a tobacco bowl and inhaler. From New Zealand, Kiingi Tuheitia sent a Greenstone Mere carved specially for the coronation. Australia contributed with a national gift towards the conservation of the critically endangered Western Ground Parrot. US President Joe Biden and First Lady Jill Biden gave the King a leather folder containing correspondence between Queen Elizabeth II and President Eisenhower, along with a framed photo of Marine One landing at Windsor. And before his untimely death in April, Pope Francis presented King Charles with a relic believed to be a piece of the True Cross, which has been incorporated into the Cross of Wales. According to the Palace's gift policy, official gifts, defined as those received in the course of royal duties or from individuals not personally known to the royals, become part of the Royal Collection and are not considered private property. These items cannot be sold or traded but may be used or displayed publicly. By contrast, personal gifts are treated like any other private inheritance and are subject to regular tax rules.
Hindustan Times
5 days ago
- Business
- Hindustan Times
World's richest monarch owns 300 high-end cars 38 jets, 52 boats. It's not King Charles
Thailand's King Maha Vajralongkorn, also known as King Rama X, holds the title of the richest monarch in the world, with an estimated net worth of $30-70 billion, reported Al Jazeera. His immense fortune exceeds that of King Charles III of the United Kingdom, whose net worth is estimated to be around $747 million. Also Read: World's richest influencer is a billionaire; donates all earnings, still richer than Tom Cruise, Johnny Depp, Shah Rukh Among his possessions, most of which are inherited are over 17,000 properties in Bangkok alone and is one of the biggest landowners in Thailand's capital city. His portfolio comprises commercial structures, high-end hotels, and ancient palaces as well. In his royal collection, the monarch owns 300 high-end cars, from classic Rolls-Royces to contemporary supercars. His also owns collection 38 private jets, and a fleet of 52 golden boats, which are used for traditional royal ceremonies. Also Read: This Indian-origin family behind a major conglomerate crowned UK's richest for 4th consecutive year | Find out who Vajiralongkorn, after his father's death in 2016, took over assets held by the Crown Property Bureau (CPB), an institution that controls royal real estate and business holdings. King Rama X in 2018 took over the administration of the state property further bolstering his finances. Born in 1952, King Vajiralongkorn is the only son of King Bhumibol and Queen Sirikit. He received his military education in the UK and Australia, and is a trained jet and helicopter pilot, reported Reuters. He earned a degree in military studies from the Canberra's prestigious Royal Military College and later served in the Royal Thai Army. In the 1970s, he even took part in counter-insurgency missions. Also Read: Emmanuel Macron and wife Brigitte's net worth revealed: Know who is richer Vajiralongkorn established "Crown Prince Hospitals" through funds donated by the public to serve as medical and health care centers for people living in remote areas. In August 2011, German judicial authorities in Munich impounded a Boeing 737 aircraft, one of two belonging to Crown Prince Vajiralongkorn because of a 20-year-old Thai government debt worth €30 million. In November 2016, Manager Magazin published a report stating that the new king could be issued with an inheritance tax bill in excess of €3.5 billion due to residences he owned in Bavaria.
India Today
5 days ago
- Business
- India Today
Why the world's ultra-rich are looking for a Monaco address
Monaco's name comes from the ancient Greek word Monokos, meaning 'the Unique.' Fitting, isn't it? With more millionaires per square metre than anywhere else on Earth, and a coastline that looks like a scene from a Bond movie, Monaco has truly lived up to its ancient and more of the world's richest people are looking to move to Monaco or at least have an address there. But why is this tiny country, smaller than many cities, drawing so much interest from the ultra-rich?With its location on the French Riviera, its luxury lifestyle, and some very relaxed tax rules, Monaco has become a top choice for millionaires and billionaires from around the IN EVERY CORNERadvertisementMonaco's sun-drenched harbour is lined with luxury yachts that look more like floating mansions, while Lamborghinis, Rolls-Royces, and other supercars roam the may be the second-smallest country in the world, just after Vatican City, but it holds a very big place in the world of wealth. According to the World Bank, Monaco has a GDP per capita of $256,580.5 and a total GDP of just under $10 billion. This is far more than countries with much larger comparison, the United States has a GDP per capita of $82,769.4, and is the world's largest economy. This shows how rich Monaco's residents are. In fact, it is said that one out of every three people living in Monaco is a LAWS ATTRACT THE WEALTHYA big reason why so many wealthy people want to move to Monaco is because of its tax (Dr.) Suresh Surana explained that Monaco offers a very attractive setup for people with a high net worth. 'Monaco does not charge personal income tax for residents, except for French citizens due to a special agreement,' he added that there is no wealth tax and no capital gains tax either. Even when passing on assets, the rules are easy, spouses and children do not pay inheritance or gift tax, and others pay a maximum of 16%.He added that these benefits, along with political stability and a high standard of living, make Monaco a popular choice for the rich. 'It helps them protect and grow their wealth,' he BEHIND TAX-FREE STATUSWhy does Monaco not charge income tax? The answer lies in its Surana said the policy dates back to 1869. 'Prince Charles III removed personal income tax when the Monte Carlo Casino was set up. The state used the money from the casino to fund its expenses,' he move attracted many rich people to the country, helped build its economy, and earned it a reputation as a tax CAN LIVE IN MONACO?Not everyone can just pack their bags and move to Monaco. There are some steps to follow to become a resident and enjoy its tax are the basic requirements:Minimum age: You must be at least 16 years record: You need to show a police certificate proving you have no criminal to live: You must own or rent a home in Monaco. In some cases, you can stay with a close family member or show links through a company that owns a proof: You have to show that you have enough money to support yourself. This could be done with a bank letter or other financial spent in Monaco: You should live there for more than 183 days a year or have your main business there. You may also be eligible if you spend most of your year in who live there for less than six months need to provide extra documents to ELSE IS TAX LOW OR ZERO?Monaco is not the only place in the world with low or no personal income tax. There are several countries and territories that offer tax advantages and attract wealthy individuals, businesses, and are some examples:United Arab Emirates (UAE): No personal income tax or capital gains tax. Corporate tax began in 2023, but small businesses and free zones still enjoy No personal income tax on salaries or capital income. A 10% corporate tax applies to foreign No personal income tax. The government collects revenue through payroll taxes paid by employers, import duties, and Bahamas: No income tax, capital gains tax, or wealth Islands: No income tax, property tax, or capital gains No personal income tax, though there is a value-added tax (VAT).Kuwait: No personal income tax for places may sound ideal, but experts advise caution."It is pertinent to note that while low or zero-tax jurisdictions may offer significant fiscal advantages, individuals must exercise caution as aggressive tax residency planning can trigger scrutiny under anti-avoidance rules, exit tax provisions, or Controlled Foreign Corporation (CFC) regulations in their home country," said Dr. Reel
Time of India
6 days ago
- Business
- Time of India
Meet Thailand's richest king with 38 jets, 300 cars, and 52 golden boats — know more about the man behind the fortune
While the world is home to many billionaires, few embody the fusion of royal heritage, national influence, and immense wealth like King Maha Vajiralongkorn of Thailand, also known as King Rama X. As reported, his estimated net worth exceeds Rs 3.7 lakh crore (around USD 43 billion), earning him the title of the richest king globally. Unlike corporate tycoons, his fortune stems from centuries-old monarchy assets, real estate, and strategic holdings in major Thai corporations. King Vajiralongkorn's extraordinary wealth reflects not just personal affluence, but the enduring financial power of Thailand's royal institution. King Vajiralongkorn builds his fortune through Thailand's royal legacy In contrast to self-made billionaires whose wealth is a result of entrepreneurship or technology, the wealth of King Vajiralongkorn lies in centuries of royal tradition. Upon his father's death, the beloved King Bhumibol Adulyadej in 2016, Vajiralongkorn took over huge assets held by the Crown Property Bureau (CPB), an institution that controls huge areas of royal real estate and business holdings. Though once regarded as state property, King Rama X remade this arrangement in 2018 by putting direct authority of the CPB into his own hands—yet further tightening his grip on finances. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo His fortune is not merely inherited. Strategic investment over the years in Thailand's most lucrative businesses, such as big banks, telecommunication companies, and real estate, have immensely contributed to his wealth. In contrast to Western monarchs who are subject to tight financial control, Vajiralongkorn's portfolio is mostly shrouded from public view, which grants more freedom and discretion to his assets. King Vajiralongkorn fortune King Vajiralongkorn's fortune is matched only by the opulence of his lifestyle. He is in possession of over 17,000 properties in Bangkok alone and is one of the biggest landowners in the capital city. His property portfolio comprises commercial structures, high-end hotels, and ancient palaces—most of which produce handsome rental income. Aside from land, his hoard of luxury possessions is mind-boggling. He is said to have more than 300 high-end cars in his collection, from classic Rolls-Royces to contemporary supercars. His private aviation fleet comprises 38 planes and helicopters, many of which are specially designed for royal use. In line with Thai royal protocol, he also has a ceremonial fleet of 52 golden barges, employed in elaborate river processions that reflect the monarchy's strong cultural connection with the country. King Vajiralongkorn's early life Born in 1952 to King Bhumibol and Queen Sirikit, Vajiralongkorn is their sole son. Raised from an early age to take over the throne, he was given elite military training abroad, where he studied in the United Kingdom and then at the University of New South Wales in Australia, graduating in military studies. He also had pilot training and served with the Royal Thai Army, where he saw action in counter-insurgency campaigns during the politically charged 1970s. This military experience has had a profound influence on his character and leadership style. As monarch, he has ceremonial command of the Thai military, bolstering both his position as sovereign and national security figure. Thailand's monarchy faces new challenges under King Vajiralongkorn Though King Vajiralongkorn wields vast institutional authority, his private life has frequently been the subject of controversy and international media scrutiny. His four marriages, three of them ended in divorce, have been the subject of tabloid headlines. He now spends much of his time in Germany, a move that has raised eyebrows among Thai people and the international community alike. His reign has also been accompanied by increasing demands for monarchical reform in Thailand. With stringent lèse-majesté laws that criminalize any criticism of the royal family, there has been a protest movement challenging the king's increasing powers and the political powers of the monarchy by young people over recent years. King Vajiralongkorn's fortune mixes royal power with business Although the economic fiefdom of others like Elon Musk or Jeff Bezos could overshadow that of King Vajiralongkorn in terms of sheer figures, the Thai king's role is singular. Unlike capitalist moguls who accumulate riches under capitalism, Vajiralongkorn is a confluence of conventional power, capital, and symbolic authority. His role is not only fiscal but cultural, deeply embedded in the national consciousness of Thailand. In contrast, India's wealthiest entrepreneurs—Mukesh Ambani and Gautam Adani—are continuing to increase their wealth with expansive business dynasties. Ambani's net worth, as of May 2025, is estimated at USD 92.5 billion, while Adani's is approximately USD 56.3 billion. Both control sectors such as energy, telecommunications, and infrastructure but within corporate regimes and public spheres of control. In spite of continued controversy and changing public attitudes, King Vajiralongkorn is still a powerful symbol of Thailand's monarchical heritage. His riches, derived from history and business, enable him to enjoy an extraordinary life of privilege and power. From golden boats to vast landholdings and international living, King Rama X is a unique combination of heritage, opulence, and contemporary power in a world where most monarchs have lost their political clout. Also Read | Thailand King's disowned son makes surprising return as Buddhist monk, sparking speculation about royal comeback
Time Business News
12-05-2025
- Automotive
- Time Business News
Rent Luxury Car Dubai: Drive Prestige Through Every Mile
Dubai is a city synonymous with sophistication, ambition, and the finer things in life. Whether you're visiting for a holiday, attending a high-profile event, or simply want to upgrade your travel experience, choosing to rent a luxury car in Dubai ensures you travel in comfort, class, and confidence. In this guide, we'll explore why luxury car rentals in Dubai are in high demand, how to make the most of your rental, and how this upscale option can elevate any occasion. 1. Dubai's Affinity for Luxury Dubai's streets are filled with Lamborghinis, Bentleys, and Rolls-Royces. When you rent a luxury car, you're aligning with the city's lifestyle while turning heads as you cruise past landmarks like the Burj Khalifa or Jumeirah Beach. 2. Business and Prestige If you're in Dubai for work, nothing makes a stronger first impression than pulling up to a meeting in a Mercedes S-Class or a BMW 7 Series. It sets the tone before you even step out of the vehicle. 3. Comfort and Convenience Luxury cars are built for comfort and refinement. Features like ventilated seats, adaptive cruise control, and premium interiors make every drive enjoyable—whether it's a quick city ride or a long trip across the Emirates. 4. Wide Selection of High-End Models The range available in Dubai is unmatched. Whether you prefer the British elegance of a Bentley or the modern luxury of a Tesla Model X, options are abundant and tailored to your taste. Mercedes-Benz S-Class A symbol of executive elegance, offering advanced tech and unmatched ride quality. Rolls-Royce Ghost A car built for royalty, with handcrafted interiors and the smoothest ride imaginable. Bentley Continental GT Combines grand tourer performance with timeless design, ideal for coastal drives. Range Rover Autobiography Perfect for urban sophistication and desert resilience, with a commanding presence. BMW 7 Series Delivers power, style, and innovation. A perfect mix of sportiness and corporate appeal. Audi A8 For those who prefer understated luxury and top-tier technology. Corporate Events Arrive at business functions with authority. These vehicles leave a lasting impression on colleagues, partners, and clients. Special Occasions Engagements, anniversaries, and milestone birthdays deserve vehicles that match their significance. Weddings Nothing complements your big day like arriving in a Rolls-Royce or Bentley. VIP Airport Transfers Avoid the queues and ride directly from the airport in style, with a chauffeur if needed. Tourism and Leisure Discover Dubai's vibrant neighborhoods, upscale resorts, and remote desert landscapes in complete luxury. Luxury car rental pricing in Dubai varies depending on the brand, model, and duration of rental. Here's an approximate guide: Car Model Daily Rate (AED) Mercedes-Benz E-Class 600 – 900 BMW 7 Series 1,000 – 1,400 Range Rover Vogue 1,200 – 1,800 Bentley Flying Spur 2,000 – 3,500 Rolls-Royce Ghost 3,500 – 6,000 Step 1: Choose Your Vehicle Browse through available luxury models and pick the one that suits your preferences and purpose. Step 2: Provide Required Documentation Valid driving license (UAE or international) Passport copy or Emirates ID Security deposit (credit card preferred) Step 3: Confirm and Book Many services offer instant confirmations via online booking or WhatsApp. Your car will be ready for pickup or delivered to your preferred location. Step 4: Drive or Request a Chauffeur You can choose to drive yourself or hire a professionally trained chauffeur for added convenience. Diverse Fleet Access You get access to the latest models and top-tier brands all in one place. Personalized Service Luxury car rental companies often assign a dedicated consultant to handle your requests with discretion and efficiency. Flexible Rental Terms Whether it's for a few hours or several weeks, the terms can be tailored to your schedule. Vehicle Delivery and Pickup Cars can be delivered directly to your hotel, residence, or office. Multilingual Support Most companies cater to international clients and provide assistance in multiple languages. Rentals are available to residents and tourists alike. However, age restrictions and documentation requirements may vary slightly by vehicle category. Minimum age: 21–25 years depending on the car Valid driving license: Must be at least 12 months old International visitors: May require an International Driving Permit (IDP) Q: Can I book with a driver? Yes, chauffeur services are available for most high-end models, perfect for events or executive needs. Q: Are the vehicles brand new? Reputable rental services maintain late-model vehicles, often with less than 25,000 km mileage. Q: Can I extend my rental if needed? Yes, extensions are possible based on availability and approval. Whether it's for a business trip, a wedding, or pure indulgence, renting a luxury car in Dubai allows you to travel like royalty. The roads, the weather, and the city's unique appreciation for opulence make it the perfect place to experience your dream vehicle. TIME BUSINESS NEWS
