What is Sheikh Mohammed bin Rashid al Maktoum’ Net Worth?
Introduction
Sheikh Mohammed bin Rashid Al Maktoum serves as Vice President and Prime Minister in the United Arab Emirates.
Al Maktoum is ruler of Dubai Emirate. He has implemented reforms in the UAE’s government since the death of his brother. He is responsible for many large enterprises, including Emirates Airline, DP World and the Jumeirah Group.
According to estimates, Sheikh Mohammed bin Rashid Al Maktoum’s net worth was approximately $14 Billion as of July 2022.
Early Life
Sheikh Mohammed bin Rashid Al Maktoum was born in Dubai on the 15th of July 1949.
Al Maktoum had six wives and thirty children. His mother was Sheikha Letifa bint Hamdan Al Nauhyan.
He was tutored privately in Arabic and Islamic Studies since he was four years old. He began his formal education at Al Ahmedia School in 1955. He moved to Al Shaab school at the age of 10. He attended the English Language School at Bell Educational Trust in the United Kingdom in 1966.
Career
Al Maktoum was named the Ruler of Dubai after his brother died. He was named the Vice President of the United Arab Emirates the next day.
He is also responsible for growing many economic assets in Dubai, in addition to his political career. These businesses are owned by Dubai World and Dubai Holding.
Dubai World was established in 2006 as a holding company. It consolidated assets like DP World, a logistics company, and Nakheel Properties, a property developer. Since then, it has expanded and has made investments all over the world, including in the United States and South Africa.
He is a highly successful businessman and was instrumental in the creation of Emirates Airlines. This airline is regarded as one of the most reliable and safest in the world.
Al Maktoum also created the Burj Al Arab hotel in Dubai. It is managed by Jumeirah Mohammed, Sheikh Mohammed’s hotel management firm, which he founded in 1997. Dubai Holding now owns it. The Palm Islands is another iconic property development project that the Sheikh is responsible for.
Mohammed Bin Rashid Global Initiatives was established by him. It consolidates 33 charitable foundations and entities.
How Does Sheikh Mohammed bin Rashid al Maktoum Spend His Money?
Sheikh Mohammed bin Rashid al Maktoum spends his fortune on vacations, charity and extravagant things like holding lavish weddings.
He enjoys putting in the effort in his personal life. His 1979 wedding was included in the Guinness World Record for the “Most Expensive” Wedding. The $100 million spent on a month-long celebration in Dubai culminated in a wedding with 20,000 guests at a specially built stadium.
Dubai is a 531-foot vessel, worth $350 million, owned by Al Maktoum. It has seven decks, ample luxury accommodation, and can accommodate 24 guests and 80 crew members.
Al Maktoum has made $5 million in donations to the World Trade Center Victims Appeal. He donated $100 million to the Mohammed bin Rashid Al Maktoum Foundation in 2007, one of the largest charitable donations ever made.
Highlights
These are the top highlights from Sheikh Mohammed bin Rashid al Maktoum’s career:
- Vice President and Prime Minister of the United Arab Emirates
- Founder of the Maktoum family-owned Godolphin
Three Lessons From Sheikh Mohammed bin Rashid al Maktoum
We now know all about Sheikh Mohammed bin Rashid al Maktoum and his net worth. Let’s look at some of his lessons.
1. Grab the Chances
Opportunities can be created, and they don’t just wait for someone to grab them.
2. Challenges Are Key
A simple life is not enough to make men happy, and it does not build nations. It is the men who create nations that overcome challenges.
3. It’s Beautiful to Live!
Life is beautiful, according to the theory of life. Life doesn’t change. There are days, nights, months, and years. People can change. We can be miserable, or we can become happy. It is what you do with your life.
Favorite Quotes From Sheikh Mohammed bin Rashid al Maktoum
Dubai should be a place where everyone from around the globe meets, doesn’t care about fighting or hatred, just love their sport and enjoy it.
My belief about life is that everything is beautiful. Life doesn’t change. There is no such thing as a day, night, month, or year. We are all capable of changing – we can either be miserable or we can become happy. It’s how you live your life.
We are all one. There is no Dubai or Abu Dhabi. Anyone who doesn’t get this concept should read up before they talk. We will always be there for one another when we need it.
We are far from the developed world of the West or Asia in terms of our knowledge. We have no choice but to close this knowledge gap quickly, as our age is determined by knowledge.