Sheikh Mohammed Bin Rashid Al Maktoum Net Worth $14 Billion - Dubai's Crown Prince
An Emirati politician and businessman Sheikh Mohammed bin Rashid al Maktoum net worth is $14 billion.
In addition to being the head of the Emirate of Dubai, he also holds the positions of vice president and prime minister of the United Arab Emirates.
The man behind those extremely gorgeous artificial palm islands in the Persian Gulf, Sheikh Mohammed, owns 99.67% of Dubai Holding.
|Name||Sheikh Mohammed Bin Rashid Al Maktoum|
|Date of Birth||Jul 15, 1949|
|Place of Birth||Dubai|
|Nationality||United Arab Emirates|
|Net Worth||$14 Billion|
COPYRIGHT_PNW: Published on https://purenetworth.com/sheikh-mohammed-bin-rashid-al-maktoum-net-worth/ by James K. on 2023-01-09T09:53:15.484Z
On July 15, 1949, Sheikh Mohammed bin Rashid al Maktoum was born in Dubai. The United Arab Emirates had not yet been established when he was born.
He comes from the ruling dynasty of Dubai, the Al Maktoums, which is descended from the House of Al-Falasi.
The late king of Abu Dhabi is his maternal grandpa. Sheikh Rashid bin Saeed Al Maktoum and Sheikha Latifa bint Hamdan Al Nahyan have four sons in all, with Sheikh Mohammed being the third.
Sheikh Mohammed had his education in Dubai up until 1966, when he and his cousin emigrated to the UK to enroll at the English Language School run by the Bell Educational Trust.
At the Mons Officer Cadet School in Aldershot, he later studied and got military instruction (now a part of Sandhurst).
In his personal life, Sheikh Mohammed enjoys going all out. He is the father of 19 kids. His first wife and he were married in 1979, setting the Guinness World Record for "Most Expensive Wedding"; a stadium was erected especially for the event, costing $100 million (in today's amounts), as part of a month-long celebration in Dubai.
Princess Haya bint Hussein of Jordan served as his second legally recognized spouse; the two were wed in 2004 and divorced in 2019).
Sheikh Mohammed has also had a number of "unofficial" spouses. In June 2019, Princess Haya and her two children left Dubai. She then applied for court protection and sold custody of the kids.
A 531-foot, $350 million ship with seven decks and space for 24 guests and 80 staff members is owned by Sheikh Mohammed and is called Dubai.
Sheikh Mohammed's father, who at the time was the ruler of Dubai, appointed him as the head of the Dubai Police Force and the Dubai Defense Force once he returned to Dubai (which is now part of the Union Defence Force).
When Sheikh Rashid of Dubai and Sheikh Zayed of Abu Dhabi initially met to discuss the creation of a union between the emirates in January 1968, Sheikh Mohammed was there.
The United Arab Emirates was subsequently established on December 2, 1971, and Sheikh Mohammed was appointed as the country's first Minister of Defense.
Sheikh Mohammed was named the Crown Prince of Dubai in January 1995 by his elder brother, Maktoum bin Rashid Al Maktoum, who was in charge of Dubai at the time.
On January 4, 2006, Sheikh Mohammed succeeded his brother as ruler of Dubai. The Federal National Council, the country's supreme council, appointed him as the next vice president of the United Arab Emirates the following day.
The Council then authorized him to serve as the country's Prime Minister on February 11, 2006. (he had been nominated by President Khalifa bin Zayed Al Nahyan).
Sheikh Mohammed has a background in politics, but he is also a savvy businessman who has helped Dubai's economy thrive in a number of ways.
His two firms, Dubai World and Dubai Holding, are home to many of these enterprises and possessions.
Dubai World began operations as a holding company in July 2006. It combined assets including those of the real estate developer Nakheel Properties with the logistics firm DP World.
Since then, it has grown and made investments all over the globe, including in countries like South Africa, the United Kingdom, and the United States.
The Sheikh also owns Dubai Holding, which consists of the Jumeirah Group, TECOM Investments, Dubai Properties Group, and Emirates International Telecommunications as its four main operational divisions.
The development and management of hotel businesses, business parks, real estate, and telecommunications are its key areas of concentration.
Sheikh Mohammed has also shown his business savvy in the tourism and aviation industries.
He is the person responsible for the establishment of Emirates Airline, which has its base in Dubai's Garhoud.
The Emirates Group, which is controlled by the Dubai government, includes the airline as a subsidiary.
It is the biggest airline in the Middle East and the fourth largest airline in the world. Sheikh Mohammed also advocated for the launch of the budget airline FlyDubai, which is also controlled by the government.
Sheikh Mohammed is also credited with other significant projects, such the landmark Burj Al Arab in Dubai.
It is run by Jumeirah, Sheikh Mohammed's 1997-founded hotel management firm that is now a subsidiary of Dubai Holding.
The Palm Islands project, a chain of artificial archipelagos expanding into the Persian Gulf, is another renowned real estate development venture that the Sheikh is in charge of.
He is also the architect of the Burj Khalifa, the highest structure in the world, which debuted in January 2010.
The Dubai Mall, the biggest retail mall in the world in terms of total size, is a component of the same construction as the Burj Khalifa.
The estimated $14 billion value of Sheikh Mohammed bin Rashid al Maktoum's net fortune.
In his personal life, he enjoys going all out. His wedding in 1979 broke the record for the "Most Expensive Wedding" in the Guinness Book of World Records.
$100 million was spent on a month-long celebration in Dubai that culminated in a wedding for 20,000 guests in a stadium created especially for the event.
Dubai, a 531-foot, $350 million ship owned by Al Maktoum, with seven decks and space for 24 guests and 80 staff members to live in luxury.
Al Maktoum has contributed $5 million to the World Trade Center Victims Appeal, showing his commitment to humanitarian causes.
He established the Mohammed bin Rashid Al Maktoum Foundation in 2007 with one of the greatest charity gifts in history totaling $100 million.
The Sheikh founded Mohammed Bin Rashid Global Initiatives, a nonprofit organization that unifies 33 other nonprofit organizations and foundations.
In 2005, he also founded the Mohammed bin Rashid School of Government, formerly the Dubai School of Government.
Sheikh Mohammed bin Rashid al Maktoum spends his fortune on vacations, charity, and lavish things such as holding expensive weddings.
Sheikh Mohammed bin Rashid al Maktoum was born on July 15, 1949, and is currently 73 years old.
Sheikh Mohammed bin Rashid al Maktoum’s height is 1.78 m, which is equal to 5 ft 10 in.
Businessman and politician Sheikh Mohammed bin Rashid al Maktoum is from the UAE.
He is the United Arab Emirates' vice president and prime minister. On a percentage basis, Sheikh Mohammed owns 99.67% of Dubai Holding. He is responsible for the Persian Gulf's palm islands.
Sheikh Mohammed bin Rashid al Maktoum's net worth is estimated to be $14 billion as of January 2023.