In 2011, Dubai was listed by the United Nations as the 30th richest nation in the world in terms of Gross Domestic Product (GDP). In 2012, the International Monetary Fund ranked them 32nd in GDP with $361,912,000. Despite their fluctuating rank in GDP, Credit Suisse, a Zurich-based investment bank, reported that the wealth per adult in the UAE have tripled in the past 10 years from $56,577 in 2000 to $150,121 in 2010.
Dubai is home to some of the most wealthiest and influential people in the world, including many of whom that are called sheikhs. A Sheikh is an honorary term given to elder’s, or is meant for the leader or governor of the area. In Dubai, there are three Sheikhs that are in control of the city and are leaders in the community. Which one is worth the most money?
Sheikh Hamdan bin Mohammed Al Maktoum
The Crown Prince of Dubai is the second eldest son of the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. He also goes under the name Fazza, which he uses when publishing poetry. Being one of 23 children, he has stood out above the others and made a name for himself within his country with his writing and his standing inside the government.
He began his schooling in the city of Dubai at the Rashid School for Boys. Upon completion of his program there, he went on to attend the Dubai School of Government. He followed that up in the United Kingdom by going to the Royal Military Academy Sandhurst. He graduated from there and sought more instruction so he decided to continue his schooling at the London School of Economics.
He was appointed the new Chairman of Dubai Executive Council in 2006 and is also the head of the Sheikh Mohammed bin Rashid Establishment for Young Entrepreneurs. In addition to all other activities, he is also on the Dubai Sports Council and Dubai Autism Centre. He is also an established equestrian and is a semi-professional skydiver.
Hamdan bin Rashid Al Maktoum
He is also known as the Deputy Ruler of Dubai, with only Sheikh Mohammed bin Rashid Al Maktoum being above him within the city. He is also the Minister of Finance and Industry for the United Arab Emirates and is the second of four sons from Rashid bin Saeed Al Maktoum, the ruler who passed away in 1990.
Now 67, he has a long career inside the United Arab Emirates government. As a young man, he began his schooling in the Emirates before moving on to the Bell School of Languages at Cambridge. During his time in school in Dubai, he studied mathematics, English, Islamic and Arabic studies. He and his brother share the responsibility of controlling the state-owned Dubai Ports World. He is also the head of the United Arab Emirates delegation on the International Monetary Fund and OPEC Fund.
As a student in England, he became enamored with thoroughbred racing. In 1981, he established his first racing stable and has invested a lot of money in the training and racing of the horses. He has also acquired other stable operations in the United States, Ireland, and England.
Sheikh Mohammed bin Rashid Al Maktoum, Net worth $13.9 billion in 2013
Mohammed is the Vice President and Prime Minster of the United Arab Emirates and is the Constitutional Monarch of Dubai. He became the Vice President and Prime Minster in January 2006, succeeding his elder brother, Maktoum bin Rashid Al Maktoum. He has multiple wives, including his senior wife, Shaikha Hind bint Maktoum bin Juma Al Maktoum, whom he wed in 1979, and his junior wife, Princess Haya bint Al Hussein, whom he wed in 2004.
His current net worth is around $13.9 billion, most of which he earned after taking control of the country. After taking power, he transformed the nation into a luxurious resort area and a location most businesses wanted to be, including the UFC. With the extra money, he has been able to purchase one of the largest yachts in the world, measuring 163 meters. He also owns more than 100 cars and is quite a charitable person, donating $5 million to the World Trade Center Victims Appeal and creating the Mohammed bin Rashid Al Maktoum Foundation with a $100 million donation.
He is also a published author, having taken part in five books. He has an e-book titled “Hippodrome’s Glory” that is available in English and Arabic. He also has two poetry books that are available in English and Arabic. One is called “40 poems from the Desert” in which the Vice President chose his 40 favorite poems to be released in the book. The other is called “Poems from the Desert,” which features 27 poems written by His Holiness. His book “Ro’yatee,” goes over how he helped transform the United Arab Emirates into the commerce and business hub it is currently known as. This book is only available in Arabic and Chinese. There is an English and Arabic release of a book called “Spirit of the Union,” which documents a speech he made to celebrate his nation’s 40th National Day in 2011.