Sheikh Khalifa Net Worth

Sheikh Khalifa Net Worth: What Amount of Money Does Sheikh Khalifa Possess?

Who Is Abu Dhabi’s Crown Prince?

Sheikh Khalifa bin Zayed bin Sultan Al Nahyan ruled Abu Dhabi from November 2004 until his death in May 2022 as the second president of the United Arab Emirates.

Zayed bin Sultan Al Nahyan’s eldest son was Khalifa. Khalifa, Abu Dhabi’s crown prince, undertook some presidential tasks when his father’s health declined in the late 1990s.

He succeeded his father as ruler of Abu Dhabi on November 2, 2004, and was elected president the next day. As king of Abu Dhabi, he helped develop the Louvre, NYU, and Sorbonne universities. Founded Etihad Airways.

The UAE’s non-oil economy thrived under Khalifa, and the country became a regional economic powerhouse. Khalifa’s low-key style enabled him manage tumultuous regional politics and forge stronger ties with the U.S. and Israel.

During the 2007–2008 financial crisis, he transferred billions of dollars in emergency bailout funds into Dubai to save the federation.

The world’s tallest man-made tower, Burj Khalifa, was renamed in his honour on January 4, 2010.

Khalifa was born in Abu Dhabi on September 7, 1948, to Al Nahyan, the first president of Abu Dhabi, and his wife Hassa al-Mohammad al-Khalifa. Khalifa is Zayed’s eldest prince. He graduated from Sandhurst.

Leadership And Politics

At 18, Khalifa was mayor of Abu Dhabi’s Eastern Region until his father became Emir in 1966. In 1969, Abu Dhabi Crown Prince Khalifa became Defense Minister. During his leadership, the Abu Dhabi Defense Force became the UAE Armed Forces (UAEAF).

Khalifa took additional duties in Abu Dhabi after 1971. As PM, he was Defense, Finance, and Education Minister. Khalifa became the UAE’s second deputy prime minister under his father and Abu Dhabi’s executive council chairman.

He was appointed to second lieutenant in the UAE Armed Forces after his father’s death in May 1976. In the 1980s, he became head of the Supreme Petroleum Council, a job he still retains due to his power over oil, natural gas, and energy.

Khalifa became president after his father’s death on November 3, 2004, however he had been serving as Emir of Abu Dhabi and President of the UAE since the 1990s.

Khalifa started buying land on Mahé in 1995, documents show. Since then, the UAE has provided Seychelles significant aid packages to improve its social services and military to discourage piracy.

A new palace was planned for 2005 after Khalifa bought more land, but the plans ran into problems. Seychelles’ original refusal was overridden by President James Michel’s cabinet.

A month after work began, the utilities said the palace could compromise the water supply.

The palace’s drainage system flooded 8000 homes in 2010. An investigation found Ascon ignored health and building laws. Khalifa’s government authorities pledged $15 million to fix water pipes and compensate households.

The Sheikh’s Fortune

Khalifa bin Zayed bin Sultan Al Nahyan was all three. At his death, Sheikh Khalifa Bin Zayed Al Nahyan was worth $18 billion.

On May 13, 2022, he was 73.

Sheikh Khalifa Bin Zayed Al Nahyan became president of the UAE one day after his father’s death. While his father was ill in the late 1990s, he served as president as Crown Prince. Khalifa chairs Abu Dhabi Investment Authority (ADIA).

Sheikh Khalifa loves horse and camel racing, traditional UAE sports. Pro-Western modernizers like him.

Sheikh Khalifa sent the UAE’s Air Force and Navy to support anti-Gaddafi troops against Muammar Gaddafi. Sheikh Khalifa had a stroke in January 2014 and underwent surgery; his condition was stable.

He also founded the Khalifa bin Zayed Al Nahyan Specialty Institute for Cancer Diagnosis and the Ahmed bin Zayed Al Nahyan Pancreatic Cancer Center, which received its greatest financing ever.

Personality

Shamsa bint Suhail Al Mazrouei is Khalifa’s wife. Their eight children are named after Sultan or Mohammed.

Khalifa reportedly owns $1.7 billion worth of luxury London homes. The Panama Papers showed that Mossack Fonseca, a Panamanian legal firm, controls British Virgin Islands shell corporations.

In January 2014, Khalifa reportedly had a stroke. He healed after surgery.

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Khalifa is one of the world’s richest men. Azzam was 590 feet long when it was built in 2013. The project cost $400-600 million. Several nations have honoured him.

The UK and the Netherlands each granted him an Honorary Order of Bath Grand Cross.

What Ails Sheikh Khalifa?

Khalifa had a stroke in January 2014 and was recovering. Keeping ceremonial presidential powers but reducing public engagement in state matters. His half-brother Mohamed bin Zayed Al Nahyan ran Abu Dhabi’s PR and day-to-day decisions.