Sheikh Mohammed bin Rashid Al Maktoum's Net Worth

Sheikh Mohammed bin Rashid Al Maktoum's net worth is approximately $4 billion.

Overview

Sheikh Mohammed bin Rashid Al Maktoum's net worth stats

Net worth:	$4 billion
Source of wealth:	Inheritance
Date of birth:	July 15, 1949
Place of birth:	Dubai, UAE

Early life

Mohammed bin Rashid Al-Maktoum was born on July 15, 1949, the third of four sons to be born to Rashid bin Rashid Al-Maktoum, Dubai's ruler and former vice president of the UAE. His mother was the daughter of a sheik. Growing up for the future billionaire wasn't as easy as one might expect. There was no electricity in the family home, and they frequently shared a single bedroom.

Education

Mohammed received private tuition in Arabic and Islamic studies between four and ten. He moved on from there to Al-Shaab School and Dubai Secondary School. He subsequently attended an English school in the UK. He passed out of the Mons Officer Cadet School as the top commonwealth student. Then went on to obtain his pilot's license in Italy.

Family life

Sheikh Mohammed has had several wives, some of whom he has divorced. They have borne him 26 children.

How did Sheikh Mohammed bin Rashid Al Maktoum build his net worth?

Sheikh Mohammed bin Rashid Al Maktoum is a well-known businessman and politician in the UAE. He is Dubai's prime minister and VP of the United Arab Emirates. He owns almost all of Dubai Holding and is the mastermind behind the palm-shaped pleasure islands in the Persian Gulf.

His role as the country's ruler was inherited from his brother in 2006. In addition to this position, he was a businessman tasked with growing the country's assets. Most industries and areas he is charged with developing are held under his own companies, Dubai Holding and Dubai World. These holdings are an umbrella under which many smaller companies operate. This includes construction, hospitality, and communication companies, and many more. He is credited with the launch of the luxury airline Emirates. He also launched FlyDubai, which is a lower-cost carrier that is also government-owned. In addition, many of the country's picturesque buildings and record-holding locations have been developed by Sheikh Mohammed bin Rashid Al-Maktoum.

How has Sheikh Mohammed bin Rashid Al-Maktoum spent his wealth?

According to reports, Sheikh Mohammed leads a lavish lifestyle. His first marriage cost him $100 million. He has a penthouse in Vancouver, consisting of three apartments covering 1,500 square feet, worth a whopping $55 million. He lives in his father's lavish palace when he's in Dubai.

The sheikh has a fleet of rare and exquisite luxury vehicles, including a Lamborghini, two Rolls Royce, and a Porsche Spider. He also has eight amphibious vehicles and drives through the desert sands in his fleet of tanks. He also has two super yachts that cost him a combined $250 million.

He is the proud owner of the world's most expensive camel, worth $2.7 million. So it's fair to say he lives a good life.