Dubai is a city that’s known for its opulence and extravagance. It’s home to some of the world’s most luxurious hotels, shopping malls, and tourist attractions.
But what many people might not know is that the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, is one of the wealthiest men in the world. In this article, we’ll take a closer look at just how much he’s worth.
The Ruler of Dubai
Sheikh Mohammed bin Rashid Al Maktoum was born on July 15th, 1949. He ascended to the position of Vice President and Prime Minister of the United Arab Emirates (UAE) in 2006 and became the ruler of Dubai in 2008. He’s also a successful businessman and horse breeder.
Early Life
Sheikh Mohammed was born into Dubai’s ruling family and received his education in both Dubai and the UK. After completing his education, he served in various positions within the government of Dubai before being appointed as Minister of Defense in 1971.
Business Ventures
Sheikh Mohammed has been involved in various business ventures over the years, including real estate development, banking, and tourism. One of his most notable accomplishments is the development of Palm Jumeirah, an artificial island off the coast of Dubai.
In addition to his business ventures, Sheikh Mohammed is also a successful horse breeder. His Godolphin stables have produced some of the world’s most successful racehorses.
Net Worth
It’s difficult to pinpoint exactly how much Sheikh Mohammed is worth since much of his wealth is tied up in assets such as property and investments. However, according to Forbes’ 2021 Billionaires List, he has an estimated net worth of $18.8 billion.
Conclusion
Sheikh Mohammed bin Rashid Al Maktoum is not only the ruler of Dubai but also a successful businessman and horse breeder. His net worth is estimated to be $18.8 billion, making him one of the wealthiest people in the world. With his various business ventures and development projects, he has helped to shape Dubai into the luxurious city that it is today.
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