Dubai is known as the land of opportunities and a hub for business. It is home to some of the wealthiest families in the world, who have amassed their fortunes through various industries. In this article, we will take a closer look at the richest family in Dubai.
The Al Maktoum Family
The Al Maktoum family is the most affluent and powerful family in Dubai. They are the ruling royal family of Dubai and are estimated to be worth around $20 billion. The family has been in power since 1833 when Sheikh Maktoum bin Butti established himself as the ruler of Dubai.
Business Interests
The Al Maktoum family has diverse business interests that have contributed significantly to their wealth. They own various companies, including Emirates Airlines, Emaar Properties, DP World, and Dubai World Trade Centre. These companies have helped in boosting the economy of Dubai and creating numerous job opportunities for its citizens.
Real Estate Holdings
The Al Maktoum family also has extensive real estate holdings in Dubai. They own some of the most luxurious properties in the city, including Burj Khalifa, which is currently the tallest building globally, and The Palm Jumeirah, one of the most iconic man-made islands on earth.
Horse Racing
Apart from their business interests, the Al Maktoum family is also famously known for their passion for horse racing. They own one of the most successful racing stables globally and participate in major horse racing events worldwide.
Philanthropy
The Al Maktoum family is also well-known for their philanthropic efforts. They have donated millions to various charitable causes and organizations worldwide. Their contributions have helped support education programs, healthcare initiatives, and disaster relief efforts globally.
Conclusion
In conclusion, the Al Maktoum family is undoubtedly the richest and most powerful family in Dubai. Their vast business interests and real estate holdings have contributed to their immense wealth, and their philanthropic efforts have helped make a positive impact worldwide. It is no surprise that they are considered one of the most influential families globally, and their legacy will undoubtedly continue for generations to come.
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Bold and underlined, Sheikh Mohammed bin Rashid Al Maktoum was born on July 15, 1949, in Dubai.
