The Prince of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, is one of the wealthiest royals in the world. He is the Vice President and Prime Minister of the United Arab Emirates (UAE), and also the Emir of Dubai.
Early Life and Education
Sheikh Mohammed was born on July 15, 1949, in Dubai. He is the third son of Sheikh Rashid bin Saeed Al Maktoum, who was the ruler of Dubai from 1958 until his death in 1990. Sheikh Mohammed studied at the Bell Educational Trust’s English Language School in Cambridge, UK.
Business Ventures
Sheikh Mohammed has been instrumental in transforming Dubai into a global business hub. He has been involved in several business ventures, including real estate development, aviation, and horse racing.
Some of his notable projects include the Burj Khalifa, which is currently the tallest building in the world; Emirates Airlines, which is one of the largest airlines globally; and Godolphin Racing, which is a prominent horse racing stable.
Net Worth
It’s challenging to estimate Sheikh Mohammed’s net worth accurately as most of his assets are not publicly disclosed. However, according to Forbes 2021 Billionaires List, he has a net worth of $14 billion.
Real Estate Holdings
Apart from his business ventures, Sheikh Mohammed also owns several properties worldwide. Some notable ones include:
- The Zabeel Palace: This palace serves as his primary residence.
- Emirates Hills: A luxury residential community in Dubai.
- Jebel Ali Racecourse: One of the largest racecourses globally.
- The Royal Studs: A collection of horse breeding farms located around Europe.
Personal Life
In 1979, Sheikh Mohammed married his first cousin, Sheikha Hind bint Maktoum bin Juma Al Maktoum. Together they have 23 children.
Conclusion
Sheikh Mohammed bin Rashid Al Maktoum’s net worth is a testament to his business acumen and entrepreneurial spirit. His contributions to Dubai’s transformation into a global business hub are remarkable. Despite being one of the wealthiest royals in the world, he is known for his philanthropic work and dedication to improving the lives of people around him.
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