Sheikh Mohammed bin Rashid al Maktoum Net Worth
Net Worth: $14 Billion
Category: Richest Politicians › Sheikhs
Birthdate: July 15, 1949 (75 years old)
Birthplace: Dubai, UAE
Profession: Politician, Businessman
Nationality: Emirati
Overview
Sheikh Mohammed bin Rashid Al Maktoum is the Vice President and Prime Minister of the United Arab Emirates and the ruler of Dubai. With a net worth of $14 billion, he is renowned for his leadership and vision that transformed Dubai into a global hub for business, tourism, and luxury living. Sheikh Mohammed owns 99.67% of Dubai Holding and is behind iconic projects like the Palm Islands and the Burj Khalifa.
Early Life and Education
Sheikh Mohammed was born on July 15, 1949, to Sheikh Rashid bin Saeed Al Maktoum and Sheikha Latifa bint Hamdan Al Nahyan. He is the third of four sons in the Al Maktoum ruling family. Educated in Dubai until 1966, he later attended the Bell Educational Trust’s English Language School in the United Kingdom and received military training at the Mons Officer Cadet School in Aldershot, England.
Political Career
Sheikh Mohammed’s political journey began when his father appointed him as the head of the Dubai Police Force and Defence Force. He played a pivotal role in the formation of the United Arab Emirates in 1971, becoming the nation’s first Minister of Defence.
- Crown Prince of Dubai (1995): Appointed by his elder brother, Maktoum bin Rashid Al Maktoum.
- Ruler of Dubai (2006): Succeeded his brother after his passing.
- Vice President and Prime Minister of UAE (2006): Approved by the Federal National Council.
Under his leadership, Dubai witnessed rapid modernization, becoming a center for trade, innovation, and tourism.
Business Ventures
Sheikh Mohammed is a visionary entrepreneur responsible for Dubai’s economic boom. His holdings include Dubai Holding and Dubai World, which oversee global investments and manage key assets.
Key Achievements:
- Emirates Airline: The largest airline in the Middle East, contributing to Dubai’s global connectivity.
- Dubai Holding Subsidiaries:
- Jumeirah Group (hospitality, including Burj Al Arab).
- Dubai Properties Group (real estate).
- TECOM Investments (business parks).
- Palm Islands: Manmade archipelagos in the Persian Gulf.
- Burj Khalifa: The tallest building in the world.
- The Dubai Mall: The largest shopping mall by total area.
Philanthropy
Sheikh Mohammed established the Mohammed Bin Rashid Global Initiatives, a foundation consolidating over 33 charitable entities. It focuses on education, healthcare, and humanitarian aid. He also founded the Mohammed bin Rashid School of Government to enhance public administration skills in the Arab world.
Personal Life – Sheikh Mohammed bin Rashid al Maktoum Net Worth
Sheikh Mohammed has 19 children and has been married several times. His 1979 wedding holds the Guinness World Record for the “Most Expensive Wedding,” costing approximately $100 million in today’s value.
- First Wife: Sheikh Hind bint Maktoum bin Juma Al Maktoum.
- Second Wife: Princess Haya bint Hussein of Jordan (married 2004, divorced 2019).
He is the owner of a $350 million, 531-foot yacht named Dubai, featuring seven decks and luxury accommodations.
Legacy
Sheikh Mohammed bin Rashid Al Maktoum is celebrated for his transformative vision that made Dubai an icon of modernity and innovation. While his leadership has been marked by significant achievements, his personal life and governance have also faced scrutiny. His contributions to the UAE’s development and philanthropy continue to shape his legacy as a pioneering ruler. Sheikh Mohammed bin Rashid al Maktoum Net Worth
