Sheikh Mohammed bin Rashid al Maktoum Net Worth

Shaikh Mohammed container Rashid al Maktoum

Sheikh Mohammed bin Rashid al Maktoum Net Worth: Sheikh Mohammed bin Rashid al Maktoum is an Emirati politician as well as a businessman that has a net worth of $14 billion. He serves as the Vice President as well as Head Of State of the United Arab Emirates, in addition to the ruler of the Emirate of Dubai. Sheikh Mohammed is the owner of 99.67% of Dubai Holding as well as the guy responsible for those truly awesome manufactured hand islands in the Persian Gulf.

Early Life and also Household: Sheikh Mohammed bin Rashid al Maktoum was born on July 15, 1949, in Dubai. At the time of his birth, the United Arab Emirates had not been created yet. He belongs to the Al Maktoum family, Dubai’s rulers, who are also descendants of the House of Al-Falasi. His maternal grandfather is the former ruler of Abu Dhabi. Sheikh Mohammed is the third kid of Sheikh Rashid bin Saeed Al Maktoum (out of an overall of 4 sons) and Sheikha Latifa bint Hamdan Al Nahyan.

Sheikh Mohammed bin Rashid al Maktoum Net Worth, Wife, Children, Biography & More:

Full NameSheikh Mohammed bin Rashid Al Maktoum
Date of Birth Jul 15, 1949
Age72 Years Old
Born PleaceAl Shindagha, Dubai, Trucial States
Height5 ft 10 in
Weight74
Wife: Hind bint Maktoum bin Juma Al Maktoum
ChildrenUnkonwn
ProfessionBusinessman, Politician
Net Worth$14 Billion
Nationality United Arab Emirates
Home TownAl Shindagha, Dubai, Trucial States
Last Update November 2021

Sheikh Mohammed was educated in Dubai until 1966 when he and also his cousin transferred to the United Kingdom to attend the Bell Educational Count on’s English Language Institution. He after that researched and obtained military training at the Mons Policeman Cadet School in Aldershot (currently a part of Sandhurst).

Political Career:

After returning to Dubai, Sheikh Mohammed’s father, that was the ruler of Dubai at the time, appointed him as the head of the Dubai Police as well as the Dubai Defence Pressure (which is now part of the Union Protection Pressure). Sheikh Mohammed was present at the meaningful celebration in January 1968, when Sheikh Rashid of Dubai and Sheikh Zayed of Abu Dhabi first fulfilled to consent to the development of a union between the emirates.

Subsequently, the new nation the United Arab Emirates was founded on December 2, 1971, and also Sheikh Mohammed ended up being the nation’s first Preacher of Defence. In January 1995, Sheikh Mohammed was appointed the Crown Prince of Dubai by his older brother, Maktoum bin Rashid Al Maktoum, who served as Dubai’s leader at the time.

Upon his sibling’s fatality, Sheikh Mohammed became the Ruler of Dubai on January 4, 2006. The following day, he was called as the brand-new Vice Head of state of the United Arab Emirates by the country’s controlling body, the Federal National Council. Then, on February 11, 2006, the Council authorized him as the nation’s Head of state (he had been chosen by President Khalifa container Zayed Al Nahyan).

Business Career:

In addition to his job in politics, Sheikh Mohammed is a sharp business owner in charge of the creation as well as the growth of numerous financial properties in Dubai. A lot of these services and properties are held under his two businesses, Dubai World as well as Dubai Holding.

Dubai Globe launched in July 2006 as a holding firm. It consolidated possessions such as logistics company DP World and property designer Nakheel Characteristics. It has since expanded and has financial investments worldwide in places like the USA, the United Kingdom, and also South Africa.

Dubai Holding is the Sheikh’s other firm, as well as it has 4 main running units: Jumeirah Team, TECOM Investments, Dubai Properties Group, and also Emirates International Telecoms. It generally focuses on developing as well as managing hospitality endeavours, service parks, real estate, and also telecommunications.

sheikh mohammed bin rashid al maktoum net worth

In Addition, Sheikh Mohammed has actually likewise proven his organization acumen in the realm of travel and also airline companies. He is the number behind the launch of Emirates Airline company, which is based in Garhoud, Dubai. The airline company is a subsidiary of The Emirates Group, which is had by the Government of Dubai.

It is the world’s fourth-biggest airline, and also the biggest airline in the East. Furthermore, Sheikh Mohammed also promoted the establishment of the low-priced service provider FlyDubai, which is also government-owned.

Other significant growths led by Sheikh Mohammed include the renowned Dubai hotel the Burj Al Arab. It is taken care of by Jumeirah, Sheikh Mohammed’s resort monitoring firm that he launched in 1997, which is currently part of Dubai Holding.

An additional renowned property development project the Sheikh is responsible for is the Hand Islands project, a collection of manmade island chains expanding right into the Persian Gulf. He likewise lags the Burj Khalifa, the globe’s tallest structure, which opened up in January 2010.

Part of the very same advancement as the Burj Khalifa is The Dubai Shopping centre, which is the world’s biggest shopping mall by overall area.

sheikh mohammed bin rashid al maktoum wife

Philanthropic Work and Other Activities:

The Sheikh developed the company, Mohammed Container Rashid Global Campaigns, a philanthropic structure that settles 33 various other philanthropic structures and also entities with each other. He likewise developed the Mohammed container Rashid College of Government (formerly known as the Dubai Institution of Government) in 2005.

Personal Life:

Sheikh Mohammed such as to go all-out in his individual life. He has fathered 19 youngsters. His 1979 wedding celebration to his first better half hold the Guinness Globe Document for “The Majority Of Expensive Wedding event”– $100 million (in today’s bucks) was spent on a month-long event in Dubai that culminated in a wedding celebration for 20,000 visitors in a stadium built particularly for the celebration. His second authority other half was Princess Haya bint Hussein of Jordan; they married in 2004 as well as obtained divorce in 2019). In Addition, Sheikh Mohammed has actually had numerous “unofficial” wives. Princess Haya left Dubai in addition to her two kids in June 2019, and filed for security and also sold safekeeping of the children in court.

Sheikh Mohammed is the proprietor of a 531-foot, $350 million vessels named Dubai, featuring 7 decks and sufficient high-end accommodations for 24 visitors and also 80 crew members.

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