Hey! Welcome to SGX-Nifty‘s other blog post on Sheikh Mohammed bin Rashid al Maktoum Net Worth: A major player in business, politics, and culture is Sheikh Mohammed bin Rashid Al Maktoum. His power goes well beyond his nation’s boundaries because he is the Vice President and Prime Minister of the United Arab Emirates (UAE), as well as the ruler of Dubai. Dubai is now a major international center for trade, tourism, and innovation thanks to Sheikh Mohammed’s vision and leadership. This blog covers Sheikh Mohammed’s estimated net worth for 2024, his remarkable professional background, and the different facets of his personal life that have added to his massive fortune.
Who is Sheikh Mohammed bin Rashid Al Maktoum?
Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, is also the UAE’s prime minister and vice president. His innovative leadership is well-known, having spearheaded Dubai’s explosive growth into a major global city renowned for its skyscrapers, opulent shopping, and dynamic culture.
Biography Of Sheikh Mohammed bin Rashid Al Maktoum
| Detail | Information |
|---|---|
| Full Name | Sheikh Mohammed bin Rashid Al Maktoum |
| Date of Birth | July 15, 1949 |
| Place of Birth | Dubai, Trucial States (now UAE) |
| Nationality | Emirati |
| Occupation | Politician, Businessman, Poet |
Sheikh Mohammed bin Rashid Al Maktoum Net Worth
With a $14 billion net worth, Sheikh Mohammed bin Rashid al Maktoum is a politician and businessman from the United Arab Emirates. In addition to being the ruler of the Emirate of Dubai, he holds the positions of Vice President and Prime Minister of the United Arab Emirates. 99.67% of Dubai Holding is owned by Sheikh Mohammed, who is also in charge of the incredibly fascinating artificial palm islands in the Persian Gulf.
Net Worth Breakdown
| Source | Amount |
|---|---|
| Business Ventures | $8 billion |
| Real Estate Investments | $4 billion |
| Other Investments | $2 billion |
| Total Estimated Net Worth | $14 billion |
Early Life
On July 15, 1949, Sheikh Mohammed bin Rashid al Maktoum was born in Dubai. The United Arab Emirates had not yet come into existence when he was born. He is a descendant of the House of Al-Falasi and a member of the ruling Al Maktoum dynasty of Dubai. The former Abu Dhabi ruler is his maternal grandpa. Out of the four sons that Sheikh Rashid bin Saeed Al Maktoum and Sheikha Latifa bint Hamdan Al Nahyan have together, Sheikh Mohammed is the third.
Sheikh Mohammed had his education in Dubai until 1966, when he and his cousin relocated to the UK to attend the English Language School run by the Bell Educational Trust. After that, he attended the Mons Officer Cadet School in Aldershot, which is now a part of Sandhurst, for his studies and military training.
Career
Upon his return to Dubai, Sheikh Mohammed was appointed as the chief of the Dubai Police Force and the Dubai Defence Force (now a member of the Union Defence Force) by his father, who was the ruler of Dubai at the time. When Sheikh Rashid of Dubai and Sheikh Zayed of Abu Dhabi first met in January 1968 to discuss the development of an alliance between their two emirates, Sheikh Mohammed was there. Following this, on December 2, 1971, the United Arab Emirates was established, and Sheikh Mohammed was appointed as the country’s first Minister of Defense. Maktoum bin Rashid Al Maktoum, Sheikh Mohammed’s elder brother and the current ruler of Dubai, named him the Crown Prince of Dubai in January 1995.
On January 4, 2006, Sheikh Mohammed succeeded his brother as the ruler of Dubai. The Federal National Council, the country’s governing body, announced him as the new Vice President of the United Arab Emirates the next day. Then, on February 11, 2006, the Council confirmed him (after President Khalifa bin Zayed Al Nahyan’s nomination) as the country’s prime minister.
Awards and Achievements
| Global Islamic Economy Award | 2013 | Lifetime Achievement |
| UNEP Champions of the Earth | 2016 | Policy Leadership |
| World Travel Awards | Various | World’s Leading Destination |
| Distinguished Personality of the Year | 2017 | Khalifa International Award for Date Palm and Agricultural Innovation |
Social Media Presence
| Platform | Handle |
|---|---|
| @hhshkmohd | |
| @HHShkMohd | |
| Sheikh Mohammed |
Family and Relationships
Sheikh Mohammed is married to several women and has a large family. Among other people, he is married to Princess Haya bint Hussein, who is the daughter of King Hussein of Jordan. His family is well-known for its contributions to Dubai’s growth and for its participation in a range of charitable endeavors.
Interesting Facts About Sheikh Mohammed
- Sheikh Mohammed writes in ancient Arabic and is a talented poet.
- He has won multiple horse races all around the world and is an avid rider.
- Global IT companies are drawn to Dubai Internet City, a technology hub established by Sheikh Mohammed.
Hobbies and Interests
Interests: philanthropy, falconry, poetry, and horse racing.
Dislikes: Lack of creativity, complacency, and inefficiency.
Wrap Up
Thanks to the vision and leadership of Sheikh Mohammed bin Rashid Al Maktoum, Dubai has become a major worldwide player. His $14 billion net fortune makes his influence on the global scene evident. His commitment to philanthropy, innovation, and development will continue to influence and mold Dubai’s future and beyond.
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FAQs
Q. What is the net worth of Sheikh Mohammed?
A: It’s reported that Sheikh Mohammed is worth $14 billion.
Q. What is the reputation of Sheikh Mohammed?
A: As the ruler of Dubai, Sheikh Mohammed is renowned for his innovative leadership and his contributions to the growth of the United Arab Emirates.
Q. Does Sheikh Mohammed use social media regularly?
A: Sheikh Mohammed does use social media sites including Facebook, Instagram, and Twitter.
Q. What pastimes does Sheikh Mohammed have?
A: Sheikh Mohammed is passionate about falconry, poetry, horse racing, and philanthropy.
Q. Does Sheikh Mohammed possess any accolades?
A: Sheikh Mohammed has won various honors, such as UNEP Champions of the Earth and the Global Islamic Economy Award.
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