Mohammed Bin Rashid Al Maktoum Business, Net Worth, Etc.

BusinessMohammed Bin Rashid Al Maktoum Business, Net Worth, Etc.

Date:

Mohammed Bin Rashid Al Maktoum Business, Net Worth, Etc.

Introduction

The emirate of Dubai, Mohammed bin Rashid al Maktoum was born on 15th of July 1949 in Shindagha, his family home near Dubai Creek. He is the vice president and the prime minister of the UAE.  He is the third son of Sheikh Rashid Bin Saeed al Maktoum. He is the descendant of the House of Al-Falasi; he is the leader of his tribe. Sheikha Latifa bin Hamdan Al Nahyan, daughter of the former ruler of Abu Dhabi  Sheikh Hamdan bin Zayed bin Khalifa Al Nahyan. With the help of buzinessbytes, an individual can learn more about him.

Also Read: Tom Hardy Net worth 2020

Things to know about the “Sheikh”

  1. Sheikh was home tutored till the age of five in Arabic and Islamic studies, in 1955 he officially started his schooling in Al Ahmedia School. He changed his school to Al Shaab School at the age of ten and then he went to Dubai Secondary School at the age of 12.  He went to the United Kingdom to attend the Bell Educational Trust’s English language school with his cousin Mohammed bin Khalifa al Maktoum in 1966. He was awarded the sword of honor as the top commonwealth student from British Army’s Mons Officer Cadet School in Aldershot. He then went to Italy to get trained as a pilot.
  2. Sheikh’s family consists of his six wives and thirty children. His first wife was his first cousin Sheikha Hind bint Maktoum bin Juma al Maktoum, in 1979. She is the mother of the crown prince of Dubai, Hamdan bin Mohammed al Maktoum and she is the first lady of Dubai. His sixth wife was Sheikha Haya bint Hussein, she is the daughter of the Hussein of Jordan the king, and is the half-sister of Abdullah II of Jordan. Mohammed bin Rashid al Maktoum’s first son died of a cardiac arrest in 2015, Sheikh Rashid bin Mohammed. The emirate’s net worth is around $4 billion.
  3. He was appointed as the defense minister of Dubai in 197 after Dubai gained independence from the United Kingdom. He was immensely in his father’s plan of diversifying the economy to consolidate the dwindling oil reserves of Dubai. After his father’s death in 1990 his elder brother took over the empire as the successor.
  4. Mohammed bin Rashid Al Maktoum became the crown prince of Dubai and was handed over the task of running the country by his elder brother in 1995. He became the prime minister and the vice president of UAE and the emirate of Dubai after his brother’s death in 2006.
  5. He has been surrounded by a couple of controversies involving the royal family of Dubai , regarding the abduction of his daughter Sheikha Latifa and his sixth wife Sheikha Haya , who accused him of abuse and exploitation in 2018. He even wrote a poem about his social media accusing an unknown woman of treachery. He has his own horse racing team named Godolphin, which won around 6000 races across the world 1992 and around 315 group one prestigious race.

Also Read: Jessica Alba’s Net Worth

Conclusion

Dubai has flourished greatly under his region, the world’s tallest tower and the largest mall, the Burj Khalifa and the Dubai mall under his rule. Dubai’s population increased from forty thousand to 3.3 million out which 3.1 million are non –Emiratis. Becoming one of the most important centres of trade , and tourist places.

Share post:

Subscribe

Popular

More like this
Related

India Changes Visa Rules: Foreigners Must Register Before 180-Day Stay Ends

The Central Government has changed immigration rules for foreigners...

₹1 Crore Cash, AC Bedrooms, Liquor Bottles and Revolver Found at Kolkata College, Sparks Major Row

One of Kolkata’s oldest educational institutions, Surendranath College, has...

What Is Reverse Repo Rate? Explained Simply

Whenever the Reserve Bank of India (RBI) announces its...

Japan Stops Import of Indian Mangoes Over Pest-Control Concerns

Japan has temporarily suspended mango imports from India after...