What is Sheikh Mohammed bin Rashid al Maktoum's Net Worth?

Have you ever wondered what the world's top Co-founders' net worth is? From endorsement deals to salaries, the net worth of this superstar is nothing short of astounding. Dive in to discover Sheikh Faisal Bin Qasim Al Thani net worth in 2024 and the secrets behind his staggering wealth.

Sheikh Mohammed bin Rashid Al Maktoum is the ruler of Dubai and the UAE's Vice President and Prime Minister. He is extremely wealthy and holds a lot of authority. Find out about Sheikh Mohammed bin Rashid Al Makhtoum's net worth in 2024, his interests, royal inheritance, and massive corporate empire.

What is Sheikh Mohammed bin Rashid al Maktoum's Net Worth?

Sheikh Mohammed bin Rashid al Maktoum is a prominent businessman and leader from the United Arab Emirates. His estimated net worth in 2024 is approximately $18 billion. He is also the Vice President and Prime Minister of the UAE. He is also the ruler of the Emirate of Dubai.

Sheikh Mohammed created the stunning manufactured palm islands in the Persian Gulf. He owns 99.67% of Dubai Holding.

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Early life and Education

Sheikh Rashid bin Saeed Al Maktoum's third son out of four. He is the king of Dubai. Mohammed leads his group, the Al-Falasi, and the Al Maktoum family governs Dubai through his children and grandchildren. He had a mother named Sheikha Latifa bint Hamdan Al Nahyan. Previously, her father, Sheikh Hamdan bin Zayed bin Khalifa Al Nahyan, controlled Abu Dhabi.

Sheikh Mohammed lived a humble life. He grew up in a house without running water or electricity. He and his brothers had to share a room and rely on a fan to stay cool. At least one hundred people lived in his home, including enslaved people and guards.

Mohammed specialized in Arabic and Islamic education from age four to ten. After that, he attended Al-Shaab School and Dubai Secondary School. He attended a British school after that. While attending Mons Officer Cadet School, he was rated the Commonwealth's highest student. He eventually received his pilot's license in Italy.

Career

Political Career

Her father, ruler of Dubai then, appointed Sheikh Mohammed as head of the Dubai Police Force and the Dubai Defense Force (now part of the Union Defence Force). Sheikh Rashid of Dubai and Sheikh Zayed of Abu Dhabi met for the first time in January 1968 to agree to merge the two emirates. Sheikh Mohammed was present.

Sheikh Mohammed was appointed the United Arab Emirates' first Minister of Defense after the country gained independence on December 2, 1971. In January 1995, her brother, Sheikh Mohammed, appointed him crown prince. At the time, Maktoum bin Rashid Al Maktoum was the ruler of Dubai.

After his brother died on January 4, 2006, Sheikh Mohammed became Dubai's ruler. The next day, the Federal National Council, the UAE's primary governing body, appointed him vice president. On February 11, 2006, the Council appointed him prime minister on President Khalifa bin Zayed Al Nahyan's recommendation.

Business Career

Sheikh Mohammed is an excellent politician in Dubai and an entrepreneur who has founded and expanded many of the city's enterprises. His two firms, Dubai Holding and Dubai World, own many of these businesses and assets.

Dubai World was established in July 2006 as a holding company. It merged Nakheel Properties, a home-building corporation, and DP World, a logistics company. Since then, investments in countries like South Africa, the United States, and the United Kingdom have helped it expand globally. The Sheikh owns Dubai Holding, which consists of four major business units.

These include Jumeirah Group, TECOM Investments, Dubai Properties Group, and Emirates International Telecommunications. Most of its work comes from hotels, office parks, real estate, and telecommunications.

Sheikh Mohammed has also demonstrated his ability to run successful businesses in the tourism and aviation industries. He came up with the concept for Emirates Airline, which is headquartered in Dubai. The airline is a subsidiary of The Emirates Group, which the government of Dubai owns.

 It is the largest carrier in the Middle East and the fourth largest worldwide. FlyDubai is another low-cost airline Sheikh Mohammed advocated for, and the government owns it.

Sheikh Mohammed also oversaw the construction of Dubai's famed Burj Al Arab Hotel. Sheikh Mohammed founded Jumeirah in 1997 as a hotel management company. It is now part of Dubai Holding, which operates the hotel. The Sheikh is also responsible for developing the Palm Islands, a collection of manufactured islands in the Persian Gulf.

 Aside from that, he oversaw the opening of the world's tallest building, the Burj Khalifa, in 2010. The Dubai Mall boasts the biggest floor space of any mall worldwide. It is located within the same complex as the Burj Khalifa.

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Personal Life

Sheikh Mohammed isn't afraid to go all out in his private life. He has 19 children. In 1979, he married his first wife in the "most expensive wedding" in history. It was a month-long celebration in Dubai that cost $100 million (in today's currency) and culminated in a ceremony for 20,000 visitors at a stadium erected specifically for the occasion. He married Jordan's Princess Haya bint Hussein in 2004.

 However, the couple parted in 2019. He married her for a second time. Sheikh Mohammed has previously married various "unofficial" partners. Princess Haya departed Dubai with her two children in June 2019. She had already requested assistance and had court-ordered auctions for custody of the children.

 Sheikh Mohammed's 531-foot boat Dubai is valued at $350 million. It has seven stories and enough elegant rooms to accommodate 24 guests and 81 team workers.

Biography

FAQs

Q. How does Sheikh Mohammed spend his wealth?

Sheikh Mohammed spends his money on charitable causes, personal luxury, horse racing and training, and Dubai construction projects.

Q. Is Sheikh Mohammed the richest person in Dubai?

He is without a doubt one of Dubai's richest people, albeit the actual figure may alter depending on how he is valued and how the market is performing at the time.

Q. Is Sheikh Mohammed bin Rashid Al Maktoum a billionaire?

Yes. He is a billionaire since he is worth approximately $18 billion.

Q. What is the height of Mohammed bin Rashid Al Maktoum?

Mohammed bin Rashid Al Maktoum is a well-known personality who stands 5 feet 8 inches tall.