Sheikh Mohammed bin Rashid al Maktoum Net Worth $14 Billion
Sheikh Mohammed bin Rashid Al Maktoum (Arabic: محمد بن راشد آل مكتوم; Muḥammad bin Rāshid ʾĀl Maktūm; born 15 July 1949) is the Vice President and Prime Minister of the United Arab Emirates (UAE), its Minister of Defence, and ruler of the Emirate of Dubai. He acceded to the throne in 2006 after the death of his brother Sheikh Maktoum.
He oversaw the growth of Dubai into a global city, as well as the launch of a number of major government-owned enterprises including Emirates Airline, DP World, and the Jumeirah Group. Many of these are held by Dubai Holding. There is a blurred line between the assets of the government of Dubai and those of the Al Maktoum ruling family. Sheikh Mohammed has overseen the development of numerous projects in Dubai including the creation of a technology park, a free economic zone, Dubai Internet City, Dubai Media City, the Dubai International Finance Centre, the Palm Islands and the Burj Al Arab hotel. He also drove the construction of Burj Khalifa, the tallest building in the world.
Al Maktoum is the absolute monarch of Dubai. His regime is autocratic, as there are no democratic institutions, and internal dissent is prohibited. Al Maktoum is Prime Minister of the UAE, which scholars characterize as an authoritarian regime.
On 5 March 2020, a British court ruled that on the balance of probabilities, he had abducted two of his daughters and had threatened his former wife, Princess Haya. His daughters, Shamsa and Latifa, have been alleged to be forcibly medicated while held in Dubai under Al Maktoum’s orders since 2000 and 2018, respectively. On 16 February 2021, BBC’s Panorama broadcast a critical documentary featuring Princess Latifa’s video messages that she made secretly under enforced detention in Dubai on the orders of Sheikh Mohammed.
A keen equestrian, he is the founder of the Maktoum family-owned Godolphin stable and the owner of Darley, a thoroughbred breeding operation, operational in six countries. In 2012, he rode the horse Madji Du Pont 160 km to take the FEI World Endurance Championship. He is also a Nabati poet in his native Arabic.