Bank America-Merrill Lynch estimates total UAE debt of up to $184 billion with a heavy schedule of repayments through 2013.

dubai ruler 468x328 The Worlds Richest Royals

No surprise then that Dubai’s Sheikh Mohammed bin Rashid Al Maktoum (pictured above) fared the worst. His fortune dropped $7.5 billion this year as his Dubai Holding crumbled under a $12 billion debt burden.

This comes on the heels of last year’s loss of $6 billion, making him the biggest loser on Forbes’ annual list of the world’s 15 richest royals two years in a row.

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queen beatrix wilhelmina armgard 468x328 The Worlds Richest Royals

Following is Forbes’ ranking of the world’s richest royals

1. Bhumibol Adulyadej – King of Thailand, $30bn.
2. Haji Hassanal Bolkiah – Sultan of Brunei, $20bn.
3. Abdullah bin Abul Aziz – King of Saudi Arabia, $18bn.
4. Sheikh Khalifa bin Zayed Al Nahayan – Ruler of the UAE, $15bn.
5. Sheikh Mohammed bin Rashid Al Maktoum – Ruler of Dubai, $4.5bn.
6. Hans-Adam II von und zu Liechtenstein, $3.5bn.
7. Mohammed VI – King of Morocco, $2.5bn.
8. Sheikh Hamad bin Khalifa Al Thani – Amir of Qatar, $2.4bn.
9. Prince Albert II – Monaco, $1bn.
10. Prince Karim Al Husseini, Aga Khan, $800m.
11. Qaboos bin Said – Sultan of Oman, $700m.
12. Queen Elizabeth II – Queesn of the UK, $450m.
13. Sheikh Sabah Al-Ahmad Al-Jaber Al Sabah – Amir of Kuwait, $350m.
14. Queen Beatrix Wilhelmina Armgard, Queen of the Netherlands, $200m.
15. King Mswati III of Swaziland, $100m.

queen elizabeth richest 468x328 The Worlds Richest Royals