Sheikh Khalifa bin Zayed bin Sultan Al Nahyan was the ruler of Abu Dhabi and the second president of the United Arab Emirates. He was in power from November 2004 until May 2022, when he died.
Khalifa was born on September 7, 1948, in Qasr Al-Muwaiji, Al Ain, Abu Dhabi, which was then part of the Trucial States. He was the oldest son of Hassa bint Mohammed Al Nahyan and Zayed bin Sultan Al Nahyan. He went to the Royal Military Academy in Sandhurst and got his degree there.
Khalifa took over some of his father’s duties as president when his father got sick in the late 1990s. He did this in his role as the crown prince of Abu Dhabi.
On November 2, 2004, he took over from his father as ruler of Abu Dhabi. The next day, the Federal Supreme Council chose him as president of the UAE. As ruler of Abu Dhabi, he helped bring cultural and academic centres to the city. These include the Louvre Abu Dhabi, New York University Abu Dhabi, and Sorbonne University Abu Dhabi. He was also the founder of Etihad Airways.
During Khalifa’s time in office, the United Arab Emirates became an economic powerhouse in the region, and its economy outside of oil grew. Khalifa was seen as a pro-Western modernizer whose low-key style helped the country through a tense time in regional politics and brought the U.S. and Israel closer together.
During the financial crisis of 2007–2008, when he was president, he told the government to send billions of dollars to Dubai as an emergency bailout. On January 4, 2010, the Burj Dubai, the world’s tallest building made by people, was changed to the Burj Khalifa in his honour.
Khalifa had a stroke in January 2014, and after surgery, his health was stable. After that, he took less of a role in running the country, but he kept some ceremonial presidential powers. His half-brother Mohamed bin Zayed Al Nahyan ran the government and made daily decisions for the Emirate of Abu Dhabi.
Forbes put Khalifa on its list of the most powerful people in the world in 2018. Khalifa died on May 13, 2022, and his brother Mohamed took over after him.
How Rich is Sheikh Khalifa?
According to Celebritynetworth, Khalifa bin Zayed Al Nahyan, the best former president of the United Arab Emirates, was worth $18 billion. Wikipedia, Forbes, and IMDB all say that Khalifa bin Zayed Al Nahyan, the most well-known former president of the United Arab Emirates, has a net worth of about $18 billion.
The money has been made for the most part. In terms of royalties, Most of that money comes from royalties, and a big chunk of it was given to him by his father. He has money in many places around the world. He was thought to own more land than anyone else in Abu Dhabi. He also owned land in the United States.
Khalifa was ranked as the world’s fourth-wealthiest monarch later that year, with an estimated $15 billion in wealth.
In 2013, he asked for Azzam to be built. At 590 feet (180 metres) long, it is the longest motor yacht ever built. It cost between $400 and $600 million.
Sheikh Khalifa’s wealth comes from the massive oil reserves and sovereign wealth funds of Abu Dhabi. Abu Dhabi is the largest of the seven emirates that make up the UAE, and it has the largest oil reserves in the country. The Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, was established in 1976 with assets estimated at over $800 billion.
Sheikh Khalifa has ultimate control over the fund, which invests in a wide range of assets, including stocks, bonds, real estate, and infrastructure.
Sheikh Khalifa also has a personal fortune estimated at billions of dollars. He owns a vast collection of luxury yachts, private jets, and expensive cars. In 2013, he reportedly spent $20 million on a Beverly Hills mansion, and his family owns a number of properties around the world.
Sheikh Khalifa is known for his extravagant lifestyle. He has been spotted on luxury yachts in the Mediterranean, and his private jet is said to be worth over $100 million. In 2019, he reportedly spent over $50 million on a private island off the coast of France.
Sheikh Khalifa also has a passion for horse racing. His stables in Abu Dhabi are home to some of the world’s most valuable racehorses, and he regularly attends races around the world.
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