Billionaire Sultan Ibrahim Iskandar sworn in as Malaysia’s 17th king

Sultan Ibrahim Sultan Iskandar, front left, signs documents during the oath taking ceremony as the Malaysia’s 17th king (Mohd Rasfan/AP)

The billionaire sultan who rules Malaysia’s Johor state was sworn in as the nation’s new king on Wednesday under a unique rotating monarchy system.

Sultan Ibrahim Iskandar, 65, took his oath of office at the palace and signed the instrument of the proclamation of office in a ceremony witnessed by other royal families, Prime Minister Anwar Ibrahim, and cabinet members.