Sheikh Khalifa Net Worth: How Much Was UAE President Sheikh Khalifa Bin Zayed Al Nahyan’s Estate Worth After His Death?
Sheikh Khalifa bin Zayed bin Sultan Al Nahyan (Arabic: born September 7, 1948; died May 13, 2022) was the President of the United Arab Emirates, the ruler of Abu Dhabi, and the supreme commander of the United Arab Emirates Armed Forces from 2004 to 2022. From the late 1980s on, he was also the head of the Supreme Petroleum Council.
Khalifa took over some parts of the presidency when his father Zayed bin Sultan Al Nahyan got sick in the late 1990s. He did this because he was the crown prince. On November 2, 2004, he took over from his father as the emir of Abu Dhabi. The next day, he became the president of the United Arab Emirates.
During his rule, he was thought to be one of the wealthiest kings or queens in the world. He was in charge of 97.8 billion barrels of oil reserves and was the head of the Abu Dhabi Investment Authority. The Abu Dhabi Investment Authority is in charge of $875 billion in assets, which is more than any other head of state in the world.
The Al Nahyan family is thought to have a $150 billion fortune as a whole. After Abu Dhabi gave Dubai $10 billion to help pay off debts, the world’s tallest man-made building, which used to be called Burj Dubai, was renamed Burj Khalifa on January 4, 2010. Forbes put Khalifa on its list of the most powerful people in the world in 2018.
- Al-Nahyan is one of the richest monarchs in the world. He is the ruler of Abu Dhabi, which is the richest emirate in the United Arab Emirates.
- He also has control over 97.8 billion barrels of oil reserves and is in charge of one of the largest sovereign wealth funds, which has assets worth $830 billion, according to reports.
- The U.A.E. has gone all out in its fight against Islamist extremists, especially ISIS. This has led to a number of military deaths that were not expected.
- In Yemen in September 2015, 45 Emirati soldiers were killed in one day by rebels. This was the most deaths in one day for the army of the country.
Khalifa was born in Abu Dhabi on September 7, 1948. His parents were Hassa bint Mohammed bin Khalifa Al Nahyan and Zayed bin Sultan Al Nahyan, who was the first president of the United Arab Emirates. Khalifa is Zayed’s oldest son. He went to Sandhurst, which is part of the Royal Military Academy.
Political and Leadership Career
Khalifa first got involved in politics and government when his father became the Emir of Abu Dhabi in 1966. At the age of 18, he was named the mayor of Abu Dhabi’s Eastern Region. Khalifa was named the Crown Prince of Abu Dhabi and the head of the Abu Dhabi Department of Defense in 1969. In 1971, the UAE Armed Forces were built around the Abu Dhabi Defense Force, which he led.
When the UAE was made in 1971, Khalifa got more responsibilities as a leader in Abu Dhabi. He became the Prime Minister, the head of the Cabinet, the Minister of Defense, and the Minister of Finance. After a Cabinet reshuffle, Khalifa became the 2nd Deputy Prime Minister of the United Arab Emirates and the Chairman of the Executive Council of Abu Dhabi. He worked under his father, who was the Prime Minister.
By May 1976, he was the second-in-command of the UAE Armed Forces, just below his father in rank. In the 1980s, he also became head of the Supreme Petroleum Council. He still holds this position, which gives him a lot of power over oil, natural gas, and energy issues.
In the 1990s, when his father got sick, Khalifa started taking over the president’s duties. However, he didn’t become the official Emir of Abu Dhabi and President of the United Arab Emirates until November 3, 2004, the day after his father died.
Records show that Khalifa started planning to build his palace in 1995 when he started buying up acres of land on Mahé, the main island of Seychelles. Since then, the UAE has given Seychelles’ government a lot of money to help improve their social services and military, which is needed to stop pirates from attacking ships off Seychelles’ coasts.
Khalifa bought another piece of land in 2005, which was when he was supposed to start building the palace. However, there were some problems with the building plans. Authorities in Seychelles had turned down the plans at first, but President James Michel’s cabinet changed their minds.
A month after construction started, the country’s national utility company said that the planned palace could threaten the water supply of the country. In 2010, the sewage system of a palace that was still being built overflowed, sending rivers of waste through the area and into the homes of 8000 people.
An investigation showed that the building company, Ascon, had broken a number of rules about health and building. Khalifa’s government sent people right away to help solve the problem. They offered $15 million to replace the water pipes in the area and give money to the affected families.
Khalifa, on the other hand, ran for president again in 2009 and easily won. He will stay in office for another five years. A few years later, in 2011, Khalifa sent the Air Force of the United Arab Emirates to help NATO forces fight Muammar Gaddafi in Libya.
The UAE started a program in the same year to show support for Khalifa and other Emirati leaders. The goal of the program is to get citizens and residents of the Emirates to show their gratitude and loyalty to the leaders of the Emirates.
In August 2015, Khalifa gave permission for the Khalifa bin Zayed Al Nahyan Foundation to send a lot of food and other supplies to the people of Yemen. They sent nearly 8,000 tons of supplies and medicine. Khalifa was re-elected in both 2014 and 2019. In February 2022, Khalifa gave his approval for the UAE and Israel to work together on healthcare and tourism issues.
Khalifa is only married to Shamsa bint Suhail Al Mazrouei. Together, they have eight children: Sultan, Mohammed, Shamma, Salama, Osha, Sheikha, Lateefa, and Mouza.
It has been said that Khalifa owns luxury homes in London worth more than $1.7 billion. Even though he doesn’t own them directly, the Panama Papers show that they are owned through shell companies in the British Virgin Islands that were managed by the law firm Mossack Fonseca in Panama.
It was said that Khalifa had a stroke in January of 2014. His condition was stabilized, though, and he got better after he had surgery. People think that Khalifa is one of the richest people in the world. In 2013, he gave the order to build a superyacht called Azzam. At 590 feet long, it would be the longest motor yacht ever built.
The building cost between $400 million and $600 million. He has also been honored by a number of countries outside of the United States. The United Kingdom gave him the title of Honorary Knight Grand Cross of the Most Honourable Order of the Bath, and the Netherlands gave him the title of Knight Grand Cross of the Order of the Netherlands Lion.
Sheikh Khalifa’s Net Worth
Khalifa bin Zayed bin Sultan Al Nahyan was the president of the United Arab Emirates, the leader of the United Arab Emirates Armed Forces, and the Emir of Abu Dhabi. Sheikh Khalifa Bin Zayed Al Nahyan was worth $18 billion at the time of his death.
Sheikh Khalifa Bin Zayed Al Nahyan died on May 13, 2022, at the age of 73. Sheikh Khalifa Bin Zayed Al Nahyan became the President of the UAE the day after his father’s death, November 3, 2004. As the former Crown Prince, he had effectively been acting as president earlier (since the late ’90s) as his father was in ill health. Khalifa is also chairman of the Abu Dhabi Investment Authority (ADIA).
How Much Was UAE President Sheikh Khalifa Bin Zayed Al Nahyan’s Estate Worth After His Death?
He died on May 13, 2022, when he was 73 years old. He was buried at Abu Dhabi’s Al Bateen Cemetery. The Ministry of Presidential Affairs said that the country would be in mourning for 40 days, during which time flags would be flown at half-staff, and businesses and government agencies would stop working for three days.
In a lot of other Arab League countries, there was also a state of mourning. Bahrain, Lebanon, Oman, Mauritania, and Qatar all put their flags at half-staff for three days as a sign of respect. Jordan will be in mourning for 40 days, and flags will be at half-staff in Kuwait.
Pakistan said that they would be sad for three days. India also said that on May 14, 2022, flags would be at half-staff for one day as a sign of national mourning.
Sheikh Khalifa bin Zayed bin Sultan Al Nahyan was the President of the United Arab Emirates, the ruler of Abu Dhabi, and the supreme commander of the United Arab Emirates Armed Forces from 2004 to 2022. From the late 1980s on, he was also the head of the Supreme Petroleum Council. He died on May 13, 2022, when he was 73 years old. He was buried at Abu Dhabi’s Al Bateen Cemetery.