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The Richest Person In United Arab Emirates

National Money
The Richest Person In United Arab Emirates


Sheikh Khalifa bin Zayed al-Nahayan 

Net worth: $15 billion

President of the UAE and hereditary ruler of its capital emirate, Abu Dhabi. UAE is home to one-tenth of world’s oil reserves; petrodollars-dollars are the president’s family’s original source of wealth. His real estate also is becoming more valuable, as property values rose 100% from 2005 to 2007. Sheikh Khalifa spent more than $1 billion–including $200 million on a Frank Gehry-designed Guggenheim museum–on branding Abu Dhabi as a cultural center. Abu Dhabi Investment Authority recently made headlines by investing $7.5 billion in Citibank and buying New York’s Chrysler Building for $800 million.

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