On the north coast of Borneo in Southeast Asia, there is a small country, although the land area is less than a prefecture-level city in China, but it has inexhaustible wealth.
Brunei is a small country in Southeast Asia, although the area is not large, but it relies on the huge wealth brought by oil, which makes the whole country very rich, and an ordinary citizen is rich.
But having money does not mean that you can spend it recklessly, and Brunei, which is so rich that it has given birth to a world-class loser, and the younger brother of the king of Brunei, Prince Jeffrey, almost single-handedly destroyed Brunei's economy.
It is said that Jeffrey's monthly expenses reached 50 million US dollars, and he forcibly pulled his brother from the richest man in the world to the third, which gave the king of Brunei a headache.
So where is Jeffrey's money spent? What happened to him in the end?
Brunei is a country with a long history, having had dealings with China as early as the Sui Dynasty, when Brunei was known as "Bo Ni" and was a vassal state of China.
Due to its key location in the South Seas, it became the most central and influential country in the Malay region, and at that time it was regarded as an important transportation hub by China.
Whenever a Chinese merchant ship wants to go to Malaysia for **, it will first rest in Bo Ni, so that Bo Ni has many development opportunities.
Through China's **, Bo Ni has accumulated a lot of wealth and has become the richest country on the coast of Southeast Asia, but the good times did not last long, and the decline of Bo Ni soon came.
During the Ming Dynasty, China implemented policies such as sea bans, which led to a sharp decline in the frequency of China's foreign affairs.
Bo Ni has relied on the accumulation of wealth with our country, and has lost many opportunities for cooperation all of a sudden.
At the same time as the loss of power, many small countries also appeared in the Malay Archipelago, which had a great impact on the rule of Boni.
Among the many small countries, there is a country called Brunei, which has been invaded by other countries for hundreds of years due to the lack of national strength.
Although the territory of Brunei has shrunk a lot, it has inherited the whole of Brunei, and the glory of the former Bruni has also been passed on to Brunei.
It's just that Brunei's wealth does not come from the care of his ancestors, because at this time, Bo Ni is already at the end of the strong crossbow, and what really makes Brunei rich is oil.
In Brunei's territorial waters, there are a large number of oil and gas resources, 1.4 billion barrels have been proven, and the reserves of natural gas have reached 390 billion cubic meters.
Although Brunei's resources are nothing compared to the oil and gas reserves along the Persian Gulf coast, Brunei's land area and population are very small.
The country's oil and gas reserves have become large per person on average, and the amount of oil and gas resources consumed by Brunei is very small, and the excess has begun to be exported to other countries.
There is no country that sells oil that is not wealthy, and the export of oil and gas resources has become Brunei's main income**, and 70% of the country's GDP depends on oil and gas exports.
Brunei's natural gas exports rank fourth in the world, while oil exports rank second in Southeast Asia, and the country's economic strength has made a qualitative leap in a short period of time.
Brunei has become rich materially and spiritually, and Brunei's leaders are very concerned about the national economy and people's livelihood, and all citizens have enjoyed very good benefits.
First of all, Brunei's medical care, education, and transportation are all free, and if you choose to study abroad or receive medical treatment, the state will also give the greatest economic support.
Since there is no need to spend money on all aspects of life, the people of Brunei will be able to save more money, and slowly everyone will become very wealthy, and the "Great Harmony Society" will be truly realized.
Since Brunei implements a monarch**, the entire country is owned by the Sultan, so Brunei has the saying that the king "supports" the people of the whole country.
Since the country belongs to the king, the wealth of the entire country also belongs to the royal family, so in the 90s of the last century, Sultan Hassana of Brunei Darussalam ranked first on the list of the richest people in the world.
However, just when Hassana was not even sitting on the No. 1 throne, his assets began to soar and soon slipped to the third place in the world.
With so much loss of his own property, Hassana couldn't help but start to suspect that after investigation, it turned out that the person who emptied the treasury was actually his own brother Jeffrey.
Hassana could not have imagined that the country he had worked so hard to run would be ruined by his younger brother after amassing such a large amount of wealth.
The reason for this is that Hassana handed over the country's financial power to Jeffrey, and Jeffrey began his own extravagant life after becoming Chancellor of the Exchequer.
Jeffrey is said to have spent $50 million a month, so what is such a huge expenditure going on?
Prince Jeffrey, as the younger brother of Sultan Hassana, has lived a very wealthy life since he was a child, and it stands to reason that he has endless money, so he should not have such a great attachment to money.
But Jeffrey is an exception, he has been hungry for money since he was a child, and there is always a place to spend it.
At the age of 30, Prince Jeffrey was appointed by Hassana as the head of the National Investment Authority, responsible for the country's oil export revenues, and three years later rose to the position of Minister of Finance, taking full control of the country's wealth.
Jeffrey was able to sit in this position, and he still had some ability, and the newly appointed Jeffrey handed over a good report card.
Jeffrey was a talented man in investment and construction, and he has built many of Brunei's largest projects, including the Imperial Hotel, the International Convention Centre and the modern sports stadium.
Jeffrey has a unique vision for investment, using his own company, Amedeo Development, to invest in the construction of many bridges, roads and other infrastructure.
While Jeffrey was talented in construction investments, he was even more surprising when it came to spending money, with Jeffrey allegedly spending $50 million a month on his private expenses.
Although there is no direct evidence to prove this claim, Jeffrey has shown us that he does have the ability to do so.
Jeffrey loves luxury cars and villas, but the number of luxury cars and villas in Jeffrey's hands is very staggering.
Jeffrey took the country's money and bought luxury homes all over the world, including Tokyo, New York, Paris, London and other world-famous cities, all of which add up to more than 600 units.
Jeffrey's Villa St. John's in London alone was as high as $55 million in 1994, making it the most expensive mansion in the UK.
In addition to private villas, Jeffrey invests in a number of hotels in the world's most prestigious cities, all of which are five-star hotels, some costing $25,000 for a single night.
If you only talk about buying a house and investing in a hotel, it is not a particularly loser, after all, these are fixed assets, and there is a lot of room for appreciation.
But Jeffrey spends on luxury cars and women, and he is an out-and-out loser, and the Sultan of Brunei has 7,000 private luxury cars, which is not unusual for the richest man in the world.
But Jeffrey was a little envious of his brother, so after he became Chancellor of the Exchequer, he began to look up to his brother and buy luxury cars, many of which were limited editions.
Jeffrey's name totals more than 2,300 luxury cars, such as Ferrari, Bentley, Rolls-Royce and other famous cars, all of which add up to billions of dollars.
Although this amount is reasonable compared to his brother, Hassana's luxury car has been bought for more than 50 years, while Jeffrey has bought it in just a dozen years, and the speed of consumption is staggering.
The most ordinary Porsche in the garage also has a market price of $6.1 million, which is already very cheap for Jeffrey.
Don't think that Jeffrey buys so many luxury cars to love cars, he also owns 9 private jets and 5 luxury cruise ships, in addition to these ** high luxuries, Jeffrey's favorite is beauty.
In addition to his four formal wives, Jeffrey also had more than forty concubines, and he indulged in sex in his palace every night.
And as long as Jeffrey falls in love with a beautiful woman, he will try his best to get it, and if he can't beat it with money, he will use forcible robbery instead, and directly put people under house arrest in his palace.
In addition, Jeffrey also spends a lot of money on life, and in order to learn to play badminton quickly, he directly spent $15 million to hire a coach.
In order to teach his son to learn rugby, he hired American football professional players for a seven-figure price, and if he wanted to get a haircut, he spent $12,000 to go to London, and then gave $20,000 to his favorite barber.
These are worth spent, the most outrageous is spending 7 million to buy a carpet made of money, and 1.3 million to buy a mediocre pen.
At his 50th birthday banquet, Jeffrey invited the world's top superstar Michael Jackson to celebrate his birthday with 15 million, which can be described as rich and capricious.
Jeffrey was able to do this mainly because Brunei had a huge fortune for him to squander, and he lived a life of extreme luxury every day, and did not care about the lives of the people at all.
It's just a dream, and he still has to wake up after all, and Jeffrey finally ushered in his end.
Jeffrey's profligacy began to make his brother Hassana feel wrong, because Jeffrey was squandering the country's wealth, and directly he was spending Hassana's money.
Because of Jeffrey's extravagant spending, Hassana's wealth slipped directly from the richest man in the world to the third in the world, and Jeffrey has also exposed peach scandals many times.
As more and more scandals were abandoned, Jeffrey's actions had many negative effects on the Brunei royal family, pushing the Brunei royal family to the forefront at once.
As a result, the power structure within the Brunei royal family also began to change, and the second brother Mohammed, who had been waiting for the right time to take the throne, began to attack Jeffrey.
Muhammad seized on Jeffrey's peachy scandal and lobbied in the ears of his eldest brother Hassana, claiming that Jeffrey not only had a great negative impact on the royal family, but even plotted to seize power.
Previously, Hassana doted on this younger brother very much, even if he spent money like water and peach scandals, Hassana chose to turn a blind eye, but the seizure of power touched the red line.
For any monarch, the most unbearable thing is to seize power, and in ancient China, plotting to rebel was the crime of punishing the nine clans.
At the same time, Brunei's domestic economy has been greatly affected by the financial turmoil and the crisis brought by oil prices**, so Hassana has pointed the finger at the profligate Jeffrey.
Hassana launched a secret investigation into Jeffrey, spending a total of 400 million dollars and finding more than 200 forensic accountants.
Hassana began to liquidate all of Jeffrey's accounts, both inside and outside the country, and found that he had been in charge of the finances for 15 years, transferring $40 billion from the country in various ways.
The money was divided into four directions, with $14.8 billion going directly into Jeffrey's pocket, $8 billion being transferred back to Hassana in various ways, and a small amount being used for the country's daily expenses.
The remaining $13.5 billion was missing, apparently also secretly used by Jeffrey, so that Jeffrey used nearly $30 billion.
Soon after, Ametio declared bankruptcy due to a debt of more than $10 billion due to the economic crisis, and in the process of liquidating the company, it was discovered that Jeffrey had used the company to transfer funds from the state.
The loss of US$40 billion has had a serious impact on Brunei, which directly led to Brunei's lack of sufficient funds to deal with the financial turmoil, resulting in a crisis for the country's economy.
Upon learning of this, Hassanna immediately relieved Jeffrey of all duties and sent troops to arrest him.
Jeffrey denied in court that he had emptied state assets, claiming that he was following Hassana's instructions in everything, after all, $8 billion was indeed transferred to Hassana.
It's just that Hassana can't tolerate Jeffrey's behavior and orders that Jeffrey must sign a settlement agreement and hand over his property.
Now that his brother has given the order, Jeffrey has to accept this agreement, so he hands over all the wealth in his name to **.
Being spared prison was the greatest forgiveness for Jeffrey, and after the trial, Jeffrey went into exile, and although his wealth had been handed over, he was still very rich.
After this incident, Jeffrey began to restrain himself and no longer act in the same high-profile manner as he used to.
In 2009, the brothers were released and Jeffrey was able to return to Brunei, after which he has barely been seen in public, and few people know about him.
Although the matter has come to an end, there are many doubts throughout the trial.
The Brunei royal family is ostensibly attacking Jeffrey, but in fact Jeffrey's actions are likely to be instigated by Hasana, after all, without Hassana's nod, Jeffrey would definitely not be so bold.
As a result, many people speculated that it may be because of the financial crisis that Hassana had to choose to give up this chess piece.
As for the truth of the matter, only the members of the royal family know, but Jeffrey's behavior of becoming the world's top loser by virtue of his own strength is real.
During his tenure at the helm of Brunei's finances, Prince Geoffrey did make many proud achievements and promoted Brunei's infrastructure development, but it was somewhat bleak compared to his profligacy.
On top of that, most of the money Jeffrey spent came from the country's wealth, and this behavior seriously harmed the interests of the people of Brunei.
Regardless of the truth of the trial of Jeffrey, it is considered that he deserves to end up like this, but compared to his actions, it is considered lenient to only let him hand over his property.
When Jeffrey has a huge amount of wealth in his hands, he should think more about how to make good use of it and work more for the well-being of the people of Brunei.
The court ordered Prince Geoffrey of Brunei to become a pauper.
The sale of family property is still luxurious, and the Prince of Brunei is sued by the king across borders.