Sheikh Khalifa Bin Zayed the sitting president of UAE has passed away today. As he was among the leading billionaires, people across the world are curious to know the net worth of Sheikh Khalifa Bin Zayed. If you are among these internet users looking for the details about Sheikh Khalifa Bin Zayed, we have got you covered. Here is everything you need to know about UAE’s late president.
On Friday morning, 13th May 2022, the sudden passing of UAE’s president is revealed by the Emirates News Agency (WAM) in one of their Tweets. The Tweet read:
“The Ministry of Presidential Affairs has mourned to the UAE people, Arab and Islamic nations and the world the death of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, who passed away on Friday, 13th May 2022, wishing Allah Almighty to grant him eternal peace”.
As the news of Sheikh Khalifa Bin Zayed’s death is being revealed, people from across the world have extended their condolences and prayers. Most people who were aware of his billionaire status have started digging to find the net worth of Sheikh Khalifa Bin Zayed. So who was Sheikh Khalifa Bin Zayed, and what he has left behind him?
Who Was Sheikh Khalifa Bin Zayed?
Sheikh Khalifa Bin Zayed Al Nahyan was the ruler of the UAE. He passed away at 73, leaving his wife and eight children behind. Sheikh Khalifa Bin Zayed Al Nahyan had a fortune of £120 billion at the time of his passing.
Following the passing of the UAE’s president, the country has entered a 40-day mourning period with flags flown at half-mast for its entirety. A three days work ban will also be observed across the country.
According to the reports, Sheikh Khalifa Bin Zayed Al Nahyan was battling an illness for quite a long period. In January 2014, he suffered a stroke following which his half-brother, Crown Prince Sheikh Mohammed Bin Zayed took the command of state’s public affairs.
Sheikh Khalifa Bin Zayed Al Nahyan was born on 7 September 1948. He was born to Zayed Bin Sultan Al Nahyan and Hassa Bint Mohammed Al Nahyan. He had 29 siblings and he was the eldest child.
After his father’s appointment as Emir of Abu Dhabi in 1966, Sheikh Khalifa Bin Zayed Al Nahyan was given the role of ruler’s representative in the eastern region of Abu Dhabi.
In the year 2004, he replaced his father’s role, but this wasn’t the only major role he got till then. He held several other roles including Abu Dhabi’s prime minister, minister of defence and minister of finance.
The tallest building in the world also is named after the president for his $10 billion aid to Dubai. He provided this aid when the country was going through the 2009 financial crisis.
How Did Sheikh Khalifa Bin Zayed Die?
According to Forbes, the late ruler of the UAE is among the world’s most wealthy monarchs. He had control of over 97.8 billion barrels of oil reserves. And he also served as Abu Dhabi Investment Authority’s chairman. In the year 2018, the president was titled the 43rd most powerful person in the world.
As per Forbes, his family owns a fortune of whooping £150 billion.
The President had 8 children in total. Married to Shamsa bint Suhail Al Mazrouei, the president had two sons, Sultan and Muhammad. He also has six daughters Sheikha, Mouza, Osha, Salama, Shamma, and Latifa.
As per rumours, Mohammed Bin Zayed also known as MBZ is expected to succeed Khaleefa. For now, Mohammed Bin Rashid Al Maktoum is serving as the acting president of the country.
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The Last Words
This was all about how Sheikh Khalifa Bin Zayed passed away and what his net worth was. Hopefully, you have found all the information you needed to know.