Sheikh Mohammed bin Rashid Al Maktoum, the revered ruler of Dubai and distinguished Prime Minister and Vice President of the United Arab Emirates commands an estimated net worth of $18 billion as of 2024.
His substantial wealth stems primarily from his ownership of Dubai Holding, a global investment holding company renowned for its significant assets.
In this article, I will delve into Sheikh Mohammed’s diverse sources of income, explore his opulent lifestyle, trace his illustrious political career, check out his impressive car collection, and more.
| Field | Details |
|---|---|
| Full Name | Sheikh Mohammed bin Rashid al Maktoum |
| Net Worth | $18 Billion |
| Birthdate | July 15, 1949 (74 years old) |
| Birthplace | Dubai |
| Gender | Male |
| Profession | Politician |
| Nationality | United Arab Emirates |
What Are Sheikh Mohammed bin Rashid Al Maktoum’s Sources of Income?
Sheikh Mohammed bin Rashid Al Maktoum’s wealth is indeed vast and varied.
As the ruler of Dubai, his primary source of income is real estate, with a significant portion of the city’s land managed as an asset of the state.
His visionary leadership has transformed Dubai into a global city, with innovative projects like the Palm Islands and the Burj Khalifa, the world’s tallest building.
Moreover, Sheikh Mohammed has been instrumental in launching major government-owned enterprises that have become global names.
Emirates Airlines, the international carrier, is a significant source of revenue, while DP World has established itself as one of the leading maritime port operators globally.
The Jumeirah Group, known for its luxury hotels and resorts, adds to his income streams.
Beyond these, Sheikh Mohammed’s investments extend to the equine world, where he is a prominent figure in horse racing.
He owns a 3,800-acre farm in Kentucky and purchased Australia’s Ingham stud farm for a reported $460 million.
His financial interests also include a sovereign wealth fund’s investment of $5 billion in MGM Mirage and an $825 million acquisition of retailer Barneys New York.
These diverse investments and assets contribute to Sheikh Mohammed’s significant net worth, reflecting his role as a global business magnate and leader.
Mohammed bin Rashid Al Maktoum’s Political Career
Sheikh Mohammed bin Rashid Al Maktoum’s political career is indeed a testament to his leadership and vision.
He has held several key positions that have shaped both Dubai and the wider United Arab Emirates (UAE).
Here’s a more detailed look at his political milestones:
- Head of Dubai Police and Public Security: Early in his career, Sheikh Mohammed was appointed as the head of Dubai Police and Public Security.
- Minister of Defence: Since December 1971, he has served as the Minister of Defence, a role that has seen him oversee the UAE’s defense strategies.
- Crown Prince of Dubai: His tenure as Crown Prince of Dubai began in January 1995, during which he was responsible for a number of transformative projects in the city.
- Ruler of Dubai: Following the death of his brother in 2006, Sheikh Mohammed became the Ruler of Dubai.
- Vice President and Prime Minister of the UAE: In addition to his role as Dubai’s ruler, he was appointed as the Vice President and Prime Minister of the UAE in 2006, positions that have allowed him to implement significant policies at the national level.
- Acting President of the UAE: He briefly served as the Acting President of the UAE in 2022.
These roles have not only solidified his influence in the UAE but also on the international stage, where he has been a proponent of progressive policies and economic development.
His leadership has been pivotal in positioning Dubai as a global hub for finance, tourism, and innovation.
Sheikh Mohammed bin Rashid Al Maktoum’s Car Collection and Houses
Sheikh Mohammed bin Rashid Al Maktoum’s car collection is nothing short of extraordinary, reflecting his opulent lifestyle.
Among his prized possessions is the world’s only golden Rolls-Royce Phantom, valued at $8 million.
This custom model is gold-plated, with some parts made entirely of gold, epitomizing luxury.
Another highlight is the Koenigsegg CCXR Trevita, a hypercar with a 4.7-liter twin-supercharged engine, capable of 0 to 60 in 2.9 seconds, and priced at $4.8 million.
His real estate holdings are equally impressive, including plans for a six-story car park in Battersea, London, to house his supercars and provide apartments for his chauffeurs and staff.
This is just a glimpse into the vast collection of luxury vehicles and properties that Sheikh Mohammed owns, showcasing the grandeur of his wealth and status.
Wrapping up
Sheikh Mohammed bin Rashid Al Maktoum’s net worth is a testament to his multifaceted role as a leader and entrepreneur. His economic impact and luxurious lifestyle continue to captivate the world.
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