Sheikh Khalifa Net Worth: How Much Was UAE President Sheikh Khalifa Bin Zayed Al Nahyan’s Estate Worth After His Death?
Until his death in May 2022 as the second president of the United Arab Emirates, Sheikh Khalifa bin Zayed al Nahyan (Sheikh Khalifa bin Zayed al Nahyan; September 7, 1948 – May 13, 2022) was the ruler of Abu Dhabi. Zayed bin Sultan Al Nahyan, the first president of the United Arab Emirates, had a son, Khalifa, who was the oldest.
As Abu Dhabi's crown prince, Khalifa assumed some of the President's responsibilities when his father's health deteriorated in the late 1990s. After succeeding his father as ruler of Abu Dhabi on November 2, 2004, the United Arab Emirates' Federal Supreme Council elected him as President the following day.
The Louvre Abu Dhabi, New York University Abu Dhabi, and the Sorbonne University Abu Dhabi were founded with his assistance as ruler of Abu Dhabi. He also launched Etihad Airways, one of the world's largest airlines. Under Khalifa's leadership, the United Arab Emirates non-oil economy expanded, and the country became a regional economic powerhouse in the Middle East.
Khalifa's low-key leadership allowed the government to navigate tumultuous regional politics and deepen its ties with the United States and Israel. To save Dubai from falling apart amid the 2007–2008 financial crisis, he supervised the infusion of emergency rescue funds into Dubai.
The world's tallest artificial structure, the Burj Dubai, was renamed in honour of him on January 4, 2010.
Sheikh Khalifa as a Child
On September 7, 1948, Hassa al-Mohammad al-Khalifa, the wife of Al Nahyan, the first president of the Emirate of Abu Dhabi, gave birth to their first child, Khalifa. Khalifa, Zayed's eldest son, is a prince. The Royal Military Academy for the Advancement of Military Education (Sandhurst) awarded him his degree.
Politics And A Life In The Oval Office
In 1966, Khalifa's father was named Emir of Abu Dhabi, and Khalifa became mayor of the Eastern Region of Abu Dhabi at 18. He became Abu Dhabi's Defense Minister in 1969 after being appointed Abu Dhabi Crown Prince Khalifa. The Abu Dhabi Defense Force was merged into the United Arab Emirates Armed Forces during his time in office (UAEAF).
The United Arab Emirates (UAE) was formed in 1971, and Khalifa was given increased authority in Abu Dhabi. Also, as prime minister, he served as minister of defence, finance, and education. Khalifa became the UAE's second deputy prime minister under his father.
He was named the head of Abu Dhabi's Executive Council in a cabinet reshuffle simultaneously. With the death of the UAE's first lieutenant in May 1976, he was promoted to the second lieutenant. Because of his sway over oil, natural gas, and other energy-related issues, he rose to Supreme Petroleum Council chairman in the 1980s.
Khalifa was acting as Emir of Abu Dhabi and President of the United Arab Emirates when his father became ill in the 1990s does not change the fact that he assumed office on November 3, 2004, when his father died. According to documents, Khalifa began purchasing land on Seychelles‘ main island of Mahé in 1995.
Over the last few years, the UAE has provided substantial aid to the government of Seychelles to help it improve its social services and military capabilities to combat maritime piracy. There were various problems with the plans for the palace, which was supposed to be built in 2005 after Khalifa purchased another piece of property.
President James Michel's cabinet overruled the decision despite Seychelles' initial reluctance. A national utility warned that the palace's construction could hurt water supplies in the first month of building.
The palace's drainage system flooded in 2010, causing the evacuation of 8,000 homes. According to an investigation, Ascon ignored health and building codes. Authorities in Khalifa's government were quick to offer assistance, promising a $15 million reinvestment in water pipe infrastructure and compensation to those impacted.
Her Majesty's Prince Khalifa Bin Zayed Al Nahyan
At one time, Khalifa bin Zayed bin Sultan Al Nahyan was Emir of Abu Dhabi and President of the UAE. At the time of his death, the wealth of Sheikh Khalifa Bin Zayed Al Nahyan was estimated at $18 billion. The date was May 13, 2022, and he had reached the age of 73 when he died.
Sheikh Khalifa Bin Zayed Al Nahyan was sworn in as President of the United Arab Emirates on November 3, 2004, one day after his father's death. Because he was the former Crown Prince and in charge during his father's illness in the late 1990s, he had effectively served as President.
In addition, Khalifa serves as head of the Abu Dhabi Investment Authority (ADIA). Sheikh Khalifa is well-known in the United Arab Emirates for his love of camel and horse racing. Those who are pro-Western modernizers frequently regard him as a fellow traveller.
Sheikh Khalifa despatched the United Arab Emirates Air Force and Navy to the Libyan opposition to aid the anti-Gaddafi forces. He underwent surgery after a stroke in January 2014. However, his condition was characterized as stable.
Khalifa Award for Education, UAE Pakistan Assistance Program, Khalifa bin Zayed Al Nahyan Specialty Institute for Cancer Diagnosis, and Ahmed bin Zayed Al Nahyan Pancreatic Cancer Center, which received the most significant funding in its history, were all created by him as well.
Khalifa bin Zayed Al Nahyan's sole wife is Shamsa bint Suhail Al Mazrouei. Sultan or Mohammed is the middle name for each of the couple's eight children. Khalifa reportedly owns London mansions for $1.7 billion. Panamanian law firm Mossack Fonseca owns the British Virgin Islands assets through shell companies owned by Mossack Fonseca-controlled shell corporations.
According to rumours, Khalifa suffered a stroke in January of this year. Despite this, he was able to return to his everyday life following surgery. Khalifa is often considered one of the wealthiest persons in the world. When it was built in 2013, Azzam would have been the world's longest motor yacht at 590 feet.
The project cost anything from $400 million to 600 million dollars. Countries from around the world have also paid tribute to him. Since then, he's received honorary Order of Bath Grand Crosses from Britain and the Netherlands for his service.
What Illness Is Sheikh Khalifa Suffering From?
After a stroke in January 2014, Khalifa was healing nicely and maintaining ceremonial presidential powers while reducing his public engagement in state affairs. One of Mohammed's half-brothers, Mohamed bin Zayed Al Nahyan, was in charge of public relations and daily decision-making for the Emirate of Abu Dhabi.
What Is the Name of Abu Dhabi's Newest Heir?
Mohamed bin Zayed Al Nahyan, the ruler of the United Arab Emirates
Sheikh Khalifa's Net Worth
The President of the United Arab Emirates, the Supreme Commander of the United Arab Emirates Armed Forces, and the Emir of Abu Dhabi were Khalifa bin Zayed bin Sultan Al Nahyan. At the time of his passing, Sheikh Khalifa Bin Zayed Al Nahyan had a net worth of $18 billion.
On May 13, 2022, Sheikh Khalifa Bin Zayed Al Nahyan passed away. He was 73. The day after his father's passing, on November 3, 2004, Sheikh Khalifa Bin Zayed Al Nahyan was elected president of the United Arab Emirates. Since the late 1990s, while his father's health was declining, he had effectively been serving as president in his capacity as the former Crown Prince.
Khalifa additionally serves as the ADIA's chairman (ADIA).