Home BiographyPoliticians Khalifa bin Zayed Al Nahyan Net worth; How Rich Was Former UAE Leader?

Khalifa bin Zayed Al Nahyan Net worth; How Rich Was Former UAE Leader?

by Jay

Khalifa bin Zayed Al Nahyan Net worth

Khalifa bin Zayed Al Nahyan had an estimated net worth of $20 billion. Sheikh Khalifa bin Zayed bin Sultan Al Nahyan was the President of the United Arab Emirates, the Emir of Abu Dhabi, and the supreme commander of the United Arab Emirates Armed Forces.

How Rich Was Former UAE Leader? Khalifa bin Zayed Al Nahyan

President of the United Arab Emirates, the Emir of Abu Dhabi, and the supreme commander of the United Arab Emirates Armed Forces.

Sheikh Khalifa bin Zayed bin Sultan Al Nahyan served as President of the UAE, Emir of Abu Dhabi, and Supreme Commander of the UAE Armed Forces. He was Chairman of the Supreme Petroleum Council from the late 1980s to the present.

Khalifa assumed certain tasks of the presidency in a de facto role as crown prince after his father, Zayed bin Sultan Al Nahyan, faced health problems in the late 1990s.

On November 2, 2004, he succeeded his father as emir of Abu Dhabi and president of the United Arab Emirates.

During his reign, he was one of the wealthiest kings in the world.

He was the chairman of the Abu Dhabi Investment Authority, which manages $875 billion in assets, the most of any nation’s head of state, and 97.8 billion barrels of oil reserves in the world.

The Al Nahyan family’s net worth is estimated to exceed $150 billion.

On January 4, 2010, the world’s tallest man-made structure, formerly known as Burj Dubai, was renamed the Burj Khalifa in his honor after Abu Dhabi gave Dubai $10 billion to assist pay off debts. In 2018, Khalifa was named to Forbes’ list of the world’s most powerful people.

Khalifa had a stroke in January 2014 and was recovering well after surgery. He had a lower profile in state matters following that, but he kept his ceremonial presidency. His half-brother, Mohamed bin Zayed Al Nahyan, was in charge of the Emirate of Abu Dhabi’s public relations and day-to-day decision-making.

After his father, Zayed, became Emir of Abu Dhabi in 1966, Khalifa was named Ruler’s Representative (mayor) in the Eastern Region of Abu Dhabi and Head of the Courts Department in Al Ain. Zayed was the Ruler’s Representative in the Eastern Region before becoming the Emir of Abu Dhabi. A few months later, Tahnoun bin Mohammed Al Nahyan was appointed to the position.

Khalifa was named Prime Minister, Head of the Abu Dhabi Cabinet (under his father), Minister of Defense, and Minister of Finance in Abu Dhabi after the UAE was founded in 1971.

After the United Arab Emirates Cabinet was reformed, the Abu Dhabi Executive Council was formed, and Khalifa was appointed 2nd Deputy Prime Minister of the United Arab Emirates (23 December 1973) and Chairman of the Abu Dhabi Executive Council (20 January 1974) by his father.

On February 1, 1969, Khalifa was named Head of the Abu Dhabi Department of Defense on the same day he was declared Crown Prince of Abu Dhabi.

After 1971, he led the development of the Abu Dhabi Defense Force, which became the foundation of the UAE Armed Forces.

Khalifa bin Sultan Al Nahyan, Zayed bin Sultan Al Nahyan’s eldest son, was born in Qasr Al-Muwaiji, Al Ain, Abu Dhabi, on September 7, 1948. (then part of the Trucial States). He was a Sandhurst graduate of the Royal Military Academy.

Sheikh Khalifa died on May 13, 2022, at the age of 73. The Ministry of Presidential Affairs declared a 40-day national mourning period, with flags lowered to half-staff, and a three-day work stoppage in federal and municipal commercial companies and government institutions.

National mourning has been announced in a number of Arab League countries. Bahrain, Lebanon, Oman, Mauritania, and Qatar all declared national mourning, with flags flying at half-mast for three days. Jordan has declared a 40-day mourning period, and Kuwait’s flags will be flown at half-mast. In his honor, Pakistan has proclaimed a three-day mourning period. In a statement, the Foreign Ministry said, “The UAE has lost a visionary leader, and the people of Pakistan have lost a great friend.” On May 14, 2022, India has also declared a day of national mourning, with flags flying at half mast.

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