The Sultan Of Brunei: Sell The Yacht? Or The Renoir?
Last year the Sultan of Brunei, Hassanal Bolkiah, watched helplessly as a triple whammy hit his tiny, oil-rich country. Oil prices plummeted, steep currency depreciation throttled investments around the region, and a conglomerate run by his brother collapsed under $10 billion in unpaid bills. It was the worst crisis the sultanate ever faced.
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