Will the Prince Turn Pauper?

Posted on March 26, 2008 

Will the Prince Turn Pauper?

Prince Jefri Bolkiah of Brunei once was one of the wealthiest men in the world. Now he’s worried he may soon be homeless and forced into bankruptcy.

“They want me to give it all back,” he says, flanked by giant Dutch landscape paintings and billowing gold drapery in the cavernous living room of his London villa, where he resides with one of his three wives and two of his 18 children. “We don’t know where we are going to live.”

The 53-year-old younger brother of the Sultan of Brunei, Prince Jefri is on the losing end of one of the world’s most colorful family feuds. It started a decade ago, when the prince was stripped of his government roles and later accused by Brunei authorities of misappropriating $14.8 billion of the royal treasury’s money.

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