The Sultanate of Brunei (on Borneo) was founded in the 14th century and is still living by the same principle of absolute monarchy, or despotism. Though there's a government and a prime minister, the Sultan is still the unchallenged ruler, so this is one of the few "oldstyle monarchies" in the world. He's also one of the most fabulously rich men on the planet; the sultan is said to own 300 sports cars. Although Brunei was a British protectorate for nearly a hundred years, the way of rule and state institutions do not seem to have changed much.