Meet world's richest family who live in $478m house, own 700 cars

The Nahyan royal family from the United Arab Emirates holds prominent positions in both business and politics in the gulf region and are also one of the world's richest families, The Jerusalem Post reported.

Their net worth exceeds the combined wealth of Microsoft founder Bill Gates and Amazon founder Jeff Bezos.

The head of the Nahyan family, Sheikh Mohammed bin Zayed Al Nahyan, is the President of the UAE and is the ruler of Abu Dhabi.

He has 18 brothers, 11 sisters, nine children and 18 grandchildren. All the members of the family live together in the "Qasr Al-Watan", a grandiose structure that spans 380,000 square meters and is valued at $478 million.

The family's real estate portfolio includes luxurious properties and developments both within the UAE and internationally.

They own eight aircrafts, including an Airbus A320-200 and three Boeing 787-9. Sheikh Mohammed's personal collection includes a Boeing 747 worth $478 million and a Boeing 787 valued at $176 million.

In addition, they own three of the world’s largest yachts.

Their car collection is nothing short of remarkable. Reports suggest that their vehicle are spread across four museums in the UAE and Morocco. From Ferraris to Lamborghini’s, the family owns more than 700 cars.

The family owns an 81% stake in the City Football Group, which controls football clubs such as Manchester City, Mumbai City, Melbourne City and New York City.