Net Worth: $1 Billion
Category: Richest Politicians › Royals
Birthdate: July 9, 1929 – July 23, 1999 (70 years old)
Birthplace: Rabat, Morocco
Gender: Male
Nationality: Morocco
Overview
King Hassan II of Morocco ruled the country from 1961 until his death in 1999. A member of the Alaouite dynasty, he was known for his political acumen, conservative governance, and controversial human rights record. Hassan II’s wealth stemmed from Morocco’s rich natural resources, strategic geopolitical alliances, and his control over the nation’s economy.
Sources of Wealth
- Royal Assets
- As King, Hassan II had control over Morocco’s vast natural resources, including agriculture, phosphates, and mining.
- The Moroccan royal family has historically controlled significant landholdings and business interests.
- Economic Policies
- Hassan II promoted a market-based economy, focusing on tourism, agricultural exports, and phosphate production, making Morocco one of the largest exporters of phosphates globally.
- Strategic Alliances
- His alignment with Western powers during the Cold War, particularly the United States, brought significant financial and military aid to Morocco.
- Crown Revenue
- The monarchy’s revenues included state-controlled enterprises and royalties, which added to the King’s personal wealth.
Reign Highlights
- Political Leadership
- Hassan II became King following the death of his father, Mohammed V, in 1961.
- His reign was marked by centralization of power and efforts to modernize Morocco’s economy and infrastructure.
- Human Rights Record
- His rule faced criticism for poor human rights practices, particularly during the “Years of Lead”, a period of political repression and widespread abuse.
- Survival of Assassination Attempts
- He survived two assassination attempts in the early 1970s, highlighting the political instability of his reign.
- International Diplomacy
- Hassan II played a mediating role in Middle Eastern politics, including efforts to resolve the Israeli-Palestinian conflict.
Legacy
King Hassan II’s reign was a pivotal period in Moroccan history. While his leadership brought modernization and international recognition, it also faced criticism for authoritarianism and human rights violations. His passing in 1999 marked the end of an era, with his son, King Mohammed VI, succeeding him and ushering in a more reform-oriented approach.
