Dubai is known for its luxurious lifestyle and the affluent sheikhs who reside there. It’s no surprise that many people are curious about who the richest sheikh in Dubai is. While there are several sheikhs who are known for their wealth, one stands out above the rest – Sheikh Mohammed bin Rashid Al Maktoum.
The Ruler of Dubai
Sheikh Mohammed bin Rashid Al Maktoum is the current ruler of Dubai and has been since 2006. Born on July 15, 1949, he is a member of the Al Maktoum family and also serves as Vice President and Prime Minister of the United Arab Emirates.
Early Life
Sheikh Mohammed bin Rashid Al Maktoum was born in Dubai to Sheikh Rashid bin Saeed Al Maktoum and Sheikha Latifa bint Hamdan al-Nahyan. He received his early education in Dubai before attending Bell School of Languages in Cambridge, England.
Career
Sheikh Mohammed started his political career as Minister of Defense in 1971 when the UAE was formed. He later served as Minister of Finance and Industry before being appointed Crown Prince of Dubai in 1995 after the death of his brother, Sheikh Maktoum bin Rashid Al Maktoum.
As Crown Prince, Sheikh Mohammed worked to modernize Dubai’s infrastructure and economy, leading to its rapid growth into a global city. He also founded several initiatives aimed at promoting education, culture, and tolerance.
Wealth
According to Forbes, Sheikh Mohammed bin Rashid Al Maktoum has an estimated net worth of $14 billion as of 2021. His wealth comes from various sources including his family’s investments in real estate, oil, and other industries. He is also the owner of Godolphin, a horse racing stable that has won numerous prestigious races around the world.
Personal Life
Sheikh Mohammed bin Rashid Al Maktoum has six wives and 30 children. He is known for his passion for horses and has authored several books on the subject. He also enjoys writing poetry and is a published author.
Conclusion
In conclusion, Sheikh Mohammed bin Rashid Al Maktoum is the richest sheikh in Dubai with an estimated net worth of $14 billion. His contributions to Dubai’s growth and development cannot be overstated, and his passion for horses and poetry add to his already impressive legacy.
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