Khalifa Bin Zayed Al Nahyan was the second president of the United Arab Emirates and the hereditary ruler of Abu Dhabi. He served as ruler from 2004 until his death in May 2022.
He controlled one of the world’s largest sovereign funds, with assets worth $830 billion. He had a personal net worth of $18 billion. He was the owner of the super yacht AZZAM.
|NAME||Khalifa Bin Zayed al Nahyan|
|NET WORTH||$18 billion|
|SOURCE OF WEALTH||Emir of Abu Dhabi, President of the UAE|
|BORN||1948 – 2022|
|YACHT||AZZAM (ex owner)|
Khalifa Bin Zayed Al Nahyan NET WORTH
Khalifa controlled one of the greatest sovereign wealth in the world. The astronomical sum amounts to $830 billion. He had a personal net worth of $18 billion.
He was the owner of the yacht AZZAM. The yacht has been renamed ADAMAS II and is owned by Allesandro Falciai, the founder of Digital Multimedia Technologies.
The brothers owned three of the world’s top 10 largest yachts. Khalifa flew with the Royal Abu Dhabi Amiri Flight, which included several Boeing 787 Dreamliners.
The emir lived in the Presidential Palace in Abu Dhabi, named Qasr Al Watan. The place cost more than $500 million, and he also had a residence in Evian, France.
Khalifa was the oldest son of Zayed bin Sultan Al Nahyan, the first president of the United Arab Emirates. He carried out some aspects of the presidency in a de facto capacity from the late 1990s while his father faced health problems.
He succeeded his father in 2004 and was elected as the president of the UAE the next day by the Federal Supreme Council.
Under his presidency, the United Arab Emirates became an economic powerhouse, and the non-oil economy grew. His low-key leadership style and pro-Western modernization steered the country through an era of turbulent politics, forging closer ties to the United States and Israel.
Khalifa experienced a stroke in 2014 and was in stable condition after surgery. After the health scare, he maintained his ceremonial presidential powers by assuming a lower profile while working in state affairs.
His half-brother, Mohamed bin Zayed Al Nahyan, assumed most of his duties and day-to-day public affairs. His brother succeeded him after his death in early 2022.
Khalifa was the president during the 2008 financial crisis and showed his leadership abilities when he directed the payment of billions of dollars in emergency funds to bail out Dubai.
The world’s largest man-made structure, the Burj Dubai, was renamed in the Emir’s honor in 2010, Burj Khalifa.
Khalifa was married to Shamsa bint Suhail Al Mazrouei, and the couple shared eight children. He was an active philanthropist and donated many funds during his lifetime.
He created the Khalifa Bin Zayed Al Nahyan Foundation in 2007, which focused on pioneering strategies and initiatives on health, education, and welfare. More than 80 countries throughout the world have received help from the Emir.
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