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Sheikh Mohammed Net Worth is listed here. Sheikh Mohammed bin Rashid al Maktoum is an Emirati politician and a businessman. He has a net worth o $14 billion. He also serves as the Prime Minister and the Vice President of the United Arab Emirates.
Not to mention, he’s also the ruler of the Emirate of Dubai. Sheikh Mohammed bin Rashid al Maktoum is the 99.67% owner of Dubai Holding and the person responsible for palm islands in the Persian Gulf.
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Sheikh Mohammed Net Worth
Sheikh Mohammed bin Rashid al Maktoum Net Worth is $14 billion. Know about him here below.
| Sheikh Mohammed Net Worth | $14 billion |
| Sheikh Mohammed Salary | – |
| Height | 5 feet 10 inches |
| Birth Date | 15 July 1949 |
| Profession | Politician and Businessman |
| Nationality | United Arab Emirates |
Sheikh Mohammed bin Rashid al Maktoum Career
Sheikh Mohammed Political Career
After returning to Dubai, his father, who was the ruler of Dubai at the time, designated him as the head of the Dubai Defence Force and the Dubai Police Force.
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In January 1968, when Sheikh Rashid of Dubai and Sheikh Zayed of Abu Dhabi first met to agree to the establishment of a union between the emirates, Sheikh Mohammed was presented there.
Afterward, the new country the United Arab Emirates was established on December 2, 1971. Sheikh Mohammed became the country’s first Minister of Defence.
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In January 1995, Maktoum bin Rashid Al Maktoum, older brother of Sheikh Mohammed and the ruler of Dubai at the time, designated Sheikh Mohammed the Crown Prince of Dubai.
On the 4th of January 2006, Sheikh Mohammed became the Ruler of Dubai upon his brother’s death. On the same day, he was elected as the new Vice President of the UAE by the governing body, the Federal National Council.
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On 11 February 2006, the council approved him as the Prime Minister of the United Arab Emirates. President Khalifa bin Zayed Al Nahyan nominated Sheikh Mohammed bin Rashid al Maktoum as the Prime Minister.
Sheikh Mohammed Career
Sheikh Mohammed is a clever businessman accountable for the making and growth of numerous economic assets in Dubai. Most of his businesses are held under his two companies, which are Dubai World and Dubai Holding.
In July 2006, Dubai World started as a holding company. It combined assets such as logistics company DP World and property developer Nakheel Properties. Dubai World has since extended and has investments around the world in places like the United Kingdom, the United States, and South Africa.
Dubai Holding is Sheikh Mohhamed’s other company, and it has four main operating units – TECOM Investments, Jumeirah Group, and Emirates International Telecommunications, Dubai Properties Group. It largely concentrates on developing and managing business parks, hospitality ventures, telecommunications, and real estate.
Sheikh Mohammed has also proven his business intelligence in the area of travel and airlines. He is the person behind the start of Emirates Airline, which is based in Garhoud, Dubai. The airline is a subsidiary of The Emirates Group, which is owned by the Government of Dubai. It is the world’s 4th largest airline and the largest airline in the Middle East.
Other notable developments initiated by Sheikh Mohammed include the iconic Dubai hotel the Burj Al Arab. It is managed by Jumeirah, Sheikh Mohammed’s hotel management company, it is now a part of Dubai Holding.
Another iconic property development project the Sheikh Mohammed bin Rashid al Maktoum is responsible for is the Palm Islands project, located into the Persian Gulf. In 2010, the world’s tallest building the Burj Khalifa was opened, it is owned by him. The \world’s largest shopping mall by total area The Dubai Mall is part of the same development project as the Burj Khalifa.
Conclusion
In this post, we described Sheikh Mohammed Net Worth and his political & business career. If we made any mistakes writing this post, then please let us know in the comment section below.
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