Dubai’s Sheikh Mohammed bin Rashid Al Maktoum boasts a staggering fortune of $18 billion, securing his status among the Middle East’s wealthiest individuals.
Born in 1949, Sheikh Mohammed bin Rashid Al Maktoum holds the esteemed titles of Vice President, Prime Minister of the United Arab Emirates, and Emir of Dubai. Holding a prominent place among the wealthiest individuals in the Middle East and beyond, he commands an estimated net worth of $18 billion according to The Richest. As the leader of Dubai, renowned as one of the most opulent cities globally, the 74-year-old Emir’s life is a realm of grandeur that eludes the grasp of many aspiring dreamers.
Own billion-dollar businesses
Sheikh Mohammed is renowned as a preeminent figure in the world of real estate development. Among the government-owned enterprises under his leadership are Emirates Group, DP World, and Jumeirah Group. Established in 1985, Emirates Group encompasses Dubai Dnata National Air Travel Authority and the largest airline in the Middle East, Emirates. With a workforce of over 105,000 employees spanning the globe, Emirates closed fiscal year 2023 with a substantial cash balance of USD 10.2 billion—a remarkable 79% increase from March 2022. In addition to these accomplishments, Sheikh Mohammed is believed to be the visionary behind significant endeavors like the Palm Islands, a collection of artificial islands, the iconic 5-star hotel Burj Al Arab (The Tower of Arabia), and the world’s tallest building, Burj Khalifa.
Living in a mansion of nearly 15 hectares
Dubai’s Emir, Sheikh Mohammed bin Rashid Al Maktoum, holds an estimated net worth of $18 billion, ranking among the Middle East’s wealthiest individuals. He oversees key government entities like Emirates Group, DP World, and Jumeirah Group. The Emirates Group encompasses the airline giant Emirates, boasting a substantial workforce and significant cash reserves. The visionary leader is also associated with iconic projects like the Palm Islands, Burj Al Arab hotel, and the world’s tallest building, Burj Khalifa. Additionally, he has been married six times and resides in the lavish Zabeel Palace with his family, surrounded by opulent amenities including a private zoo and racecourse.
Hold multiple assets in the UK
Sheikh Mohammed has invested tens of millions of dollars in UK real estate. He reportedly purchased properties like a $95 million house and land in Longcross, a $16.5 million mansion in Woodhay, and a $22 million house in Belgravia, London, as reported by The Guardian. International media speculates that Dubai’s Royal family holds a substantial portfolio of global assets beyond these acquisitions.
Hobby of collecting super yachts
According to Superyachtfan, the UAE’s Prime Minister possesses an impressive array of superyachts. Notable vessels include the $400 million Dubai superyacht and the $180 million Quattroelle superyacht. Other remarkable “underwater castles” in his collection are Dubawi and Smeralda.Club Yacht reports that the Dubai superyacht, measuring 162 meters in length, features a helipad, sunbathing area, swimming pool, spa, and more.
Special fleets
The ruler of Dubai, Sheikh Mohammed, goes beyond private jets with his fleet of Boeing 747 BBJs, registered under Dubai Amiri Flight. He enjoys lavish travel, once spending $3 million on strawberries and splashing $850,000 for an Italian vacation. His divorce settlement with Princess Haya reached a staggering $728 million, making it one of the world’s costliest divorces.
Horses and horse racing
Sheikh Mohammed’s passion for horses extends to his ownership of the Godolphin Stables Company, which has bred over 5,000 winning thoroughbred horses globally since 1992. This hobby-turned-asset reflects his investment in modern facilities, top-notch care, and advanced technology for equine health. The Dubai Royal Family’s love for horse racing is evident in their ownership of other prestigious horse farms worldwide.
