Sultan of Brunei Still Selling NT Cattle Station; To Visit Australia May 1-3
By Vittorio Hernandez | April 30, 2013 1:01 PM EST
Hassanal Bolkiah, the Sultan of Brunei and one of the richest men in the world with an estimated wealth of $20 billion, is coming to Australia on May 1-3 for a three-day state visit. He will also be in town to push the sale of a North Territory cattle station that he owns.
Besides pushing the auction of the farm, the sultan will also meet with Prime Minister Julia Gillard and Governor-General Quentin Bryce as well as attend a state lunch at the Government House during his state visit.
He tried to auction the cattle farm last week for $12 million but the property sale did not push through despite four bidders, although negotiations are still ongoing. The sultan's property is located in Willeroo, 130 kilometres south-west of Katherine.
It covers 170,000 hectares of land where 17,000 cattle heads are housed.
Russell Woldd, the real estate agent handling the sale of the cattle farm, said all four bidders are Australians and they are expecting to close a deal in the next few weeks.
The sultan bought the Willeroo property in 1981, but in the past few years he had been selling his NT cattle stations. However, he still owns another property in Opium Creek, located 100 kilometres east of Darwin.
Besides his farm holdings, the sultan is a known car collector with more than 7,000 expensive vehicles.
Ms Gillard said the visit of Mr Bolkiah will improve Australia's bilateral relations with Brunei, a tiny oil-producing nation that has a population of only 400,000. It is located on the north coast of Borneo.
"Australia was one of the first countries to establish diplomatic relations with Brunei and we enjoy a warm and constructive relationship based on strong education, trade, security and people-to-people links," Ms Gillard said in a statement on Monday.
To contact the editor, e-mail:
Most Popular Slideshows
- Taylor Swift Named Forbes' Second Highest Paid Country Musician [PHOTOS]
- Forever Lost: Indescribable Anguish for Malaysia Airlines MH17 Families, Remains of Some Victims May Never Be Found (PHOTOS)
- Global Aviation Accidents: UN to Form Safety Task Force, Gov'ts Should Share Intelligence Info to Avert Future Incidents on Flying Over Warzones (PHOTOS)
- PageSix: Beyonce & Jay Z Union is Not About Love, All About Business & the Brand
Join the Conversation
- Iran Leader Asks Muslims to Supply Arms to Palestine, Calls Israel ‘Rapacious Wolf’
- El Niño Update: 2014 Threat Easing, ‘Unlikely to be a Strong Event’ – Australia BoM
- “Women should not laugh in public” - Turkish Deputy PM says
- Opinion Poll in New Zealand Shows National Party Far Ahead in Popular Support
- Kim Dotcom Banks on 5% Youth Vote in New Zealand September Election
- Samsung Galaxy S5 Alpha Leaks Online: Release Date, Five Features to Wait for New Smart Phone
- Photos of Motorola Moto X+1 Prototype and Specs Leak Online, Release Date, Four Fresh Features Revealed
- Sony Xperia Z3: Release Date, Five Features to Expect from New Android Smart Phone
- Top Surprising Features Of iOS 8
- Top 4 Reasons Why iPhone 6 Will Hit Big Soon After its Sept 2014 Release Date
- Freshly Leaked Apple iPad Air 2 Cases Confirm Touch ID Sensor; Release Date, Limited Specs and Price Listed
- 5 Food Scandals That Shocked The World