What is Sheikh Khalifa Bin Zayed Al Nahyan Net Worth ?
Khalifa bin Zayed bin Sultan Al Nahyan is the president of the United Arab Emirates, the supreme commander of the United Arab Emirates Armed Forces, and the Emir of Abu Dhabi. Khalifa bin Zayed bin Sultan Al Nahyan has a net worth of $18 billion dollars.
He became the President of the UAE the day after his father’s death, November 3, 2004. As the former Crown Prince, he had effectively been acting as president earlier (since the late ’90s) as his father was in ill health. Khalifa is also chairman of Abu Dhabi Investment Authority (ADIA).
Sheikh Khalifa is known for his interest in sports traditional to UAE, chiefly horse and camel racing. He is generally regarded as a pro-Western modernizer. In 2011, Sheikh Khalifa sent in the UAE’s Air Force and Navy to support the anti-Gaddafi forces against Muammar Gaddafi alongside NATO, Qatar, Sweden, and Jordan. In January 2014, Sheikh Khalifa suffered a stroke and was reported to have undergone an operation, but was said to be in stable condition.
Further, on the philanthropic side of things, Sheikh Khalifa founded the Khalifa Award for Education, the UAE Pakistan Assistance Program and the Khalifa bin Zayed Al Nahyan Specialty Institute for Cancer Diagnosis, and the Ahmed bin Zayed Al Nahyan Pancreatic Cancer Center, funded by the center’s largest grant in the history of its existence.
Khalifa only is wed to one woman – Shamsa bint Suhail Al Mazrouei. Together, they have had eight children – Sultan, Mohammed, Shamma, Salama, Osha, Sheikha, Lateefa, and Mouza.
It has been reported that Khalifa owns over $1.7 billion in luxury properties in London. While he doesn’t directly own them, it was reported in the Panama Papers leak that the properties are owned via shell companies in the British Virgin Islands that were managed by the Panamanian law firm, Mossack Fonseca.
In January 2014, it was reported that Khalifa suffered a stroke. However, his condition was stabilized and he recovered after undergoing an operation.
Khalifa is considered to be one of the wealthiest individuals in the world. In 2013, he commissioned the construction of a super yacht, called Azzam, which would become the longest motor yacht ever built at 590 feet. The cost of construction was between $400 and $600 million. He has also received a number of honors from foreign states. He was named an Honorary Knight Grand Cross of the Most Honourable Order of the Bath by the United Kingdom, and was named a Knight Grand Cross of the Order of the Netherlands Lion by the Netherlands.
Khalifa was born on September 7, 1948, in Abu Dhabi born to parents Hassa bint Mohammed bin Khalifa Al Nahyan and Zayed bin Sultan Al Nahyan, the first president of the United Arab Emirates. Khalifa is the eldest son of Zayed. He attended the Royal Military Academy Sandhurst.
Political and Leadership Career
Khalifa first become involved in politics and government when his father became the Emir of Abu Dhabi in 1966, at which point he was appointed the mayor of the Eastern Region of Abu Dhabi at the age of 18.
In 1969, Khalifa was appointed the Crown Prince of Abu Dhabi and the Head of the Abu Dhabi Department of Defense. Under his leadership, the Abu Dhabi Defense Force became the core of the UAE Armed Forces in 1971.
When the UAE was established in 1971, Khalifa took on more leadership roles in Abu Dhabi. He became the Prime Minister, head of the Cabinet, Minster of Defense, and the Minister of Finance. Following a reorganization of the Cabinet, Khalifa became the 2nd Deputy Prime Minister of the United Arab Emirates and Chairman of the Executive Council of Abu Dhabi, under his father.