Sheikh Khalifa Net Worth – How Rich Is This Person In 2022!
For the United Arab Emirates, Khalifa bin Zayed bin Sultan Al Nahyan was a president, a supreme military commander, and the Emir of Abu Dhabi. Sheikh Khalifa Bin Zayed Al Nahyan died with an estimated wealth of $18 billion.
In 2022, Sheikh Khalifa Bin Zayed Al Nahyan died at the age of 73.
When Sheikh Khalifa Bin Zayed Al Nahyan succeeded his father as President of the United Arab Emirates on November 3, 2004, he did so immediately following his death. Due to the deteriorating health of his father, he had already served as president in a de facto capacity as Crown Prince. Chairman of Abu Dhabi Investment Authority, Khalifa (ADIA).
It is well known that Sheikh Khalifa enjoys participating in traditional UAE sports, such as horse and camel racing. Pro-Western modernizer, that’s what most people think about him. Sheikh Khalifa enlisted the help of NATO, Qatar, Sweden, and Jordan in the fight against Muammar Gaddafi in 2011. In January of this year, Sheikh Khalifa had a stroke and had surgery, but he was claimed to be in stable health at the time.
In addition, Sheikh Khalifa established the Khalifa Award for Education, the UAE Pakistan Assistance Program, the Khalifa bin Zayed Al Nahyan Specialty Institute for Cancer Diagnosis, and the Ahmed bin Zayed Al Nahyan Pancreatic Cancer Center, which received the largest grant in the center’s history.
Infancy and Childhood
Al Nahyan, the first president of the United Arab Emirates (UAE), and his wife Hassa welcomed Khalifa into this world on September 7, 1948, in Abu Dhabi. Zayed’s eldest child, Khalifa is a prince. Attended Sandhurst, the Royal Military College of Scotland.
Khalifa bin Zayed Al Nahyan Net Worth
|Net Worth:||$18 Billion|
|Date of Birth:||Jan 25, 1948 – May 13, 2022 (74 years old)|
|Nationality:||United Arab Emirates|
A career in Politics and Leadership
It wasn’t until 1966, when his father became Emir of Abu Dhabi, that Khalifa was appointed mayor of Abu Dhabi’s Eastern Region when he was just 18 years old. Abu Dhabi Crown Prince Khalifa was named the head of the Abu Dhabi Defense Ministry in 1969. In 1971, the Abu Dhabi Defense Force became the backbone of the UAE Armed Forces under his command.
When the United Arab Emirates (UAE) was founded in 1971, Khalifa was given increased responsibilities as Abu Dhabi’s ruler. As Prime Minister, he was also Minister of Defense, Minister of Finance, and Minister of Education. Khalifa became the Second Deputy Prime Minister of the United Arab Emirates and the Chairman of the Executive Council of Abu Dhabi following a Cabinet reorganization.
This made him deputy commander of the UAE Armed Forces in May 1976, only a step behind his father in status. Besides being the head of the Supreme Petroleum Council, which he has held since the 1980s, he is also a powerful figure in the country’s energy sector.
On November 3, 2004, Khalifa assumed the responsibilities of Emir of Abu Dhabi and President of the United Arab Emirates upon his father’s death the day before, but he did not officially assume these positions until then.
As early as 1995, Khalifa had begun purchasing land on Seychelles’ principal island of Mahé in order to build a castle. To combat piracy off the coastlines of Seychelles, the United Arab Emirates has given Seychelles’ government major aid packages since then, including money for Seychelles’ social services programs and military. There were a few issues with the development plans for the palace when Khalifa purchased another block of land in 2005. President James Michel’s cabinet overturned an initial rejection of the plans by Seychelles authorities.
A month after construction began, the country’s national utility company warned that the projected palace could threaten the country’s water supply. Another issue occurred in 2010 when the sewage system for the under-construction palace spilled, causing rivers of trash to pour across the area and harming the homes of 8000 locals. Building contractor Ascon was found to have broken a number of building and health codes in their work. When the situation became urgent, officials from Khalifa’s government arrived and promised $15 million to restore the water piping system in the region and compensation to those impacted.
Re-elected in 2009, Khalifa retained the presidency for a second five-year term in office. In 2011, Khalifa sent the United Arab Emirates Air Force to back NATO forces in their military operation in Libya against Muammar Gaddafi. That year, the UAE launched a campaign to bolster support for Khalifa and other Emirati officials.
The goal of the campaign is to urge citizens and residents of the United Arab Emirates to express their gratitude and allegiance to the country’s leaders. As recently as August of this year, Khalifa bin Zayed Al Nahyan Foundation approved the distribution of a substantial number of food and assistance supplies to the people of Yemen. A total of about 8,000 tonnes of goods and medicine were shipped.
Re-elections for Khalifa were successful in both 2014 and 2019. A partnership deal between the United Arab Emirates and Israel was signed by Khalifa in February of 2022, focusing on the areas of healthcare and tourist attractions.
Only Shamsa bint Suhail Al Mazrouei is Khalifa’s wife. After the birth of their first kid at the tender age of six months in 2011, they welcomed their second child at the tender age of seven months in 2012.
In London, Khalifa reportedly owns luxurious apartments worth more than $1.7 billion. It was revealed in the Panama Papers leak that his properties in the British Virgin Islands were owned through shell companies operated by Mossack Fonseca, a law company in Panama.
Khalifa had a stroke, according to reports in January 2014. After an operation, his condition improved and he was able to go home.
According to Forbes, Khalifa is the world’s richest person. At 590 feet, his superyacht Azzam was the longest motor yacht ever built when it was ordered in 2013. In the range of $400 to $600 million, construction was completed. He has also earned honors from countries around the world. To honor him, the United Kingdom awarded him an Honorary Order of Bath Grand Cross and The Netherlands awarded him an Order of the Netherlands Lion Grand Cross.