Bhumibol is the World’s Richest King

Forbes has named King Bhumibol Adulyadej of Thailand as the richest royal in the world today, replacing the Brunei King, Sultan Haji Hassanah Bolkiah, who dropped to 4th this time around.

Bhumibol, 80, is estimated to have a personal net worth of $35 billion. He is the world’s longest monarch who has been at the helm for a long 62 years since 1946. He was 18 when he was made King of Thailand.

The King was born in the United States and received his early education in Switzerland.

Bhumibol is also very much loved by his country’s citizens, and is credited to bringing political stability and peace for the nation. He has, in a number of times, intervened with the country’s politic, with the most prominent one arguably being the 2006 Thailand coup, when the army toppled the government under the premiership of Thaksin Shinawatra.

Sheikh Khalifa Zayed Al Nahyan, the current President of UAE was second, followed by King Abdullah Abdul Azizi from Saudi Arabia. Both accumulated their share of fortunes through oil.

The 5th to 10th positions are occupied respectively by Sheikh Mohammed bin Rashid (UAE), Prince Hans-Adam II (Liechtenstein), Sheikh Hamad Khalifah Al Thani (Qatar), King Mohamed VI (Morocco), Prince Albert II (France) and Sultan Qobos bin Said (Oman). England’s Queen Elizabeth II, was 12th.

Arcadia is Britain’s Largest Private Retailer

The Arcadia Group has recently been named as the largest private retail company in Britain by the Daily Telegraph newspaper.

The British born company is famous for its reputation in owning a string of high street clothing retails in the UK such as Topman, Miss Selfridge, Topshop, Evans, Burton, Dorothy Perkins, Wallis and Outfit. Arcadia’s outlets are found almost in any major street and shopping center in UK.

The group also owns a few major department stores, including Debenham and Selfridges.

Altogether, Arcadia operates more than 2,500 retail outlets across the United Kingdom, with presence in more than 30 countries in Europe, Middle East and Asia. It is now in the planning to launch its first store in the United States end of this year.

Arcadia has a long history dating back almost 70 years ago, and made a household name after a successful introduction of its very first brand, Burton. It then underwent expansion through buy-outs, mergers and acquisitions to include a number of best-selling brands. Its last ownership change occurred in 2002 when Sir Philip Green, a British billionaire who is also the 7th richest men in the UK, bought the group for £850 million through his company Taveta Investments.