Sheikh Mohammed bin Rashid al Maktoum Net Worth

$14 Billion

Last Updated:

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What is Sheikh Mohammed bin Rashid al Maktoum’s net worth? 

Net Worth:$14 Billion
Age:73
Born:July 15, 1949
Gender:Male
Height:1.78 m (5 ft 10 in)
Country of Origin:United Arab Emirates
Source of Wealth:Vice President
Last Updated:August 2, 2022

Introduction  

Sheikh Mohammed bin Rashid Al Maktoum is the Vice President and Prime Minister of the United Arab Emirates.

Al Maktoum is the ruler of the Emirate of Dubai. After the death of his brother, he has undertaken reforms in the UAE’s government. He is responsible for many major enterprises such as Emirates Airline, DP World, and the Jumeirah Group.

As of December 2022, Sheikh Mohammed bin Rashid Al Maktoum’s net worth is estimated to be roughly $14 Billion. 

 

Early Life 

Sheikh Mohammed bin Rashid Al Maktoum was born on the 15th of July, 1949, in Dubai.

Al Maktoum has six wives and 30 children. His mother was Sheikha Latifa bint Hamdan Al Nauhyan. 

Since he was 4 years old, he was privately tutored in Arabic and Islamic Studies. In 1955, he started his formal education at Al Ahmedia School. When he was 10 years old, he moved to Al Shaab school. In 1966, he attended the Bell Educational Trust’s English Language School in the United Kingdom. 

 

Career 

Upon his brother’s death, Al Maktoum became the Ruler of Dubai in 2006. The next day, he was named as the new as the new Vice President of the United Arab Emirates. 

In addition to his career in politics, he is responsible for the growth of numerous economic assets in Dubai. These businesses are held under two companies, Dubai World and Dubai Holding. 

In 2006, Dubai World launched as a holding company. It consolidated assets such as logistics company DP World and property developer Nakheel Properties. It has since expanded and has investments worldwide, such as the United States, the United Kingdom, and South Africa. 

He has proven to be a successful businessman, and he is the figure behind the launch of Emirates Airline. The airline is known as one of the safest and best airlines in the world. 

Some other notable developments by al Maktoum include the incredible Dubai hotel, the Burj Al Arab. It is managed by Jumeirah, Sheikh Mohammed’s hotel management company that he launched in 1997, which is now part of Dubai Holding. Another iconic property development project the Sheikh is responsible for is the Palm Islands project. 

He has established the organization, Mohammed Bin Rashid Global Initiatives, a charitable foundation that consolidates 33 other charitable foundations and entities. 

As of December 2022, Sheikh Mohammed bin Rashid al Maktoum’s net worth is estimated to be roughly $14 Billion. 

 

How Does Sheikh Mohammed bin Rashid al Maktoum Spend His Money?

Sheikh Mohammed bin Rashid al Maktoum spends his fortune on vacations, charity, and lavish things such as holding expensive weddings.  

 

Sheikh Mohammed bin Rashid al Maktoum Marriages 

He likes to go all out in his personal life. His 1979 wedding was in the Guinness World Record for “Most Expensive Wedding”— $100 million was spent on a month-long celebration in Dubai that culminated in a wedding for 20,000 guests in a stadium built specifically for the occasion. 

 

Sheikh Mohammed bin Rashid al Maktoum’s Vessel 

Al Maktoum owns a 531-foot, $350 million vessel named Dubai, featuring seven decks and enough luxury accommodations for 24 guests and 80 crew members.

 

Sheikh Mohammed bin Rashid al Maktoum’s Charity Work

Al Maktoum has been active on the humanitarian front with donations of $5 million to the World Trade Center Victims Appeal. In 2007, he made one of the largest charitable donations in the history of $100 million to set up the Mohammed bin Rashid Al Maktoum Foundation. 

 

Highlights

Here are some of the best highlights of Sheikh Mohammed bin Rashid al Maktoum’s career:

  • Vice President and Prime Minister of the United Arab Emirates
  • Founder of the Maktoum family-owned Godolphin

 

Favorite Quotes from Sheikh Mohammed bin Rashid al Maktoum

“With each day in Africa, a gazelle wakes up knowing he must outrun the fastest lion or perish. At the same time, a lion stirs and stretches, knowing he must outrun the fastest gazelle or starve. It is no different for the human race. Whether you consider yourself a gazelle or a lion, you simply have to run faster than others to survive.”  – Mohammed bin Rashid Al Maktoum

“I want Dubai to be a place where everybody from all over the world meets each other, don’t think of fighting or hate, just love it, enjoy their sport, and that’s it.” – Mohammed bin Rashid Al Maktoum

“My theory on life is that life is beautiful. Life doesn’t change. You have a day, and a night, and a month, and a year. We people change – we can be miserable, or we can be happy. It’s what you make of your life.” – Mohammed bin Rashid Al Maktoum

“There is a wide knowledge gap between us and the developed world in the West and in Asia. Our only choice is to bridge this gap as quickly as possible because our age is defined by knowledge.” – Mohammed bin Rashid Al Maktoum

“There is no Dubai and Abu Dhabi; we are one. Whoever doesn’t understand this should do their homework before they start talking. We will be there for each other when we need it.” – Mohammed bin Rashid Al Maktoum

 

3 Lessons from Sheikh Mohammed bin Rashid al Maktoum

Now that you know all about Sheikh Mohammed bin Rashid al Maktoum’s net worth and how he achieved success; let’s take a look at some of the lessons we can learn from him: 

 

1. Take the Opportunities 

Opportunities are made, they do not just lie around waiting for someone to grab them.

 

2. Challenges Is Key 

An easy life does not make men, nor does it build nations. Challenges make men, and it is these men who build nations.

 

3. Life is Beautiful 

The theory of life is that life is beautiful. Life doesn’t change. You have a day, and a night, and a month, and a year. We people change – we can be miserable or we can be happy. It’s what you make of your life

 

Frequently Asked Questions

 

How much is Sheikh Mohammed bin Rashid al Maktoum worth?

Sheikh Mohammed bin Rashid al Maktoum’s net worth is estimated to be $14 Billion.
 

How old is Sheikh Mohammed bin Rashid al Maktoum?

Sheikh Mohammed bin Rashid al Maktoum was born on July 15, 1949, and is currently 73 years old.
 

How tall is Sheikh Mohammed bin Rashid al Maktoum?

Sheikh Mohammed bin Rashid al Maktoum’s height is 1.78 m, which is equal to 5 ft 10 in.
 

Summary

Sheikh Mohammed bin Rashid al Maktoum is an Emirati businessman and politician.

He serves as the Vice President and Prime Minister of the United Arab Emirates. Sheikh Mohammed is the owner of 99.67% of Dubai Holding. He is the man behind palm islands in the Persian Gulf.

As of December 2022, Sheikh Mohammed bin Rashid al Maktoum’s net worth is roughly $14 Billion. 

What do you think about Sheikh Mohammed bin Rashid al Maktoum’s net worth? Leave a comment below. 

John Mulder
John Mulderhttps://360tsd.com/
John is a professional accountant with a passion for writing. When not helping clients identify tax and financial opportunities, you can find him writing, sailing offshore, or flying a plane. He’s worked and partied with the rich and famous from around the world, getting an inside look at the secretive lifestyles of high-net-worth celebrities.

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