Last Updated on: 2nd July 2023, 02:14 am
Abu Dhabi Royal Family is Wealthier Than Jeff Bezos And Bill Gates Combined
The Abu Dhabi royal family lives a life of unprecedented luxury, surpassing the combined wealth of Jeff Bezos and Bill Gates. They enjoy luxurious possessions such as a huge mega yacht, on which they even play golf, and a palace three times the size of the Pentagon. In addition, its private jet fleet rivals that of all airlines.
Like the wealthy Al-Thani and Al-Saud families of Qatar and Saudi Arabia, the Nahyan family of Abu Dhabi controls the major sovereign wealth funds.
Notably, they hold stakes in the Abu Dhabi Investment Authority and Mubadala Investment Company, which together own around $1 trillion in assets. Their immense wealth does not only depend on oil. They also invest in various companies, such as Rihanna’s lingerie line and Elon Musk’s SpaceX. Experts estimate his family’s fortune to be at least $300 billion.
Following in the footsteps of their father, Sheikh Zayed bin Sultan Al Nahyan, the founding figure of the United Arab Emirates (UAE), the sons now exercise significant influence over the family fortune.
Mohammed bin Zayed Al Nahyan, also known as MBZ, is the President of the United Arab Emirates and Ruler of Abu Dhabi. This immense wealth allows them to construct the tallest building in the world, the Burj Khalifa, named after Sheikh Khalifa ibn Zayed Al Nahyan, in recognition of his merits.
Qasr Al-Watan Palace
A striking symbol of its elegance is the UAE Presidential Palace called Qasr Al-Watan in Abu Dhabi. Built at a cost of $490 million, this architectural marvel is ranked among the top 20 monuments in the world for art and culture.
Its impressive facade is made of white granite and limestone. In the palace’s east wing is a library housing more than 50,000 books on the country’s cultural, social and political history.
Global Real Estate owned by Al Nahyan
According to a 2015 document titled “Expanding His Investment Portfolio Globally,” Sheikh Khalifa’s real estate holdings are valued at nearly $7 billion. These properties are spread across exclusive areas of London, earning him the nickname of the city’s secret landlord.
Some even claim his British real estate empire surpasses that of the Duke of Westminster, a 29-year-old billionaire aristocrat who owns much of London. In addition to their sprawling estates, the Al-Nahyan family owns a dozen palaces around the world, including the Chateau de Baillon in France.
Al Nahyan Aircraft Fleet
The billionaire family owns a huge aircraft fleet that includes eight planes. Among them are the Airbus A320-200 and three Boeing 787-9. MBZ in particular has an outstanding personal collection, including a $450 million Boeing 747 and a $180 million Boeing 787.
Manchester City FC
Another influential family member, Sheikh Mansour bin Zayed Al Nahyan, owns the Abu Dhabi United Development and Investment Group (ADUG). As Deputy Prime Minister of the United Arab Emirates, he acquired Manchester City football club from former Thai Prime Minister Thaksin Shinawatra. Through ADUG, Sheikh Mansour is the majority owner of City Football Group, which controls top football clubs such as Manchester City, Mumbai City, Melbourne City and New York City.
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