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Trends and Insights

14 Jan 2024


Global Monarchies Persist With Varying Degrees of Power

Out of 194 recognized states, [43 are monarchies covering 22% of the world]( They range from Europe to the Caribbean, Africa, Asia, and the Middle East. Several states retain ceremonial monarchies, while countries like Brunei and Saudi Arabia have absolute monarchs. Elective monarchies exist in Malaysia and the UAE. The British royal family leads in public interest, and Thailand's Rama X is the wealthiest monarch with an estimated wealth of [$30-$43 billion](,What%20is%20the%20source%20of%20King%20Rama%20X's%20wealth%3F,in%20second%20with%20%2428%20Billion.).