Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, attended the United Nations Climate Change Conference (COP28) in Dubai. As the leader of a nation controlling 6% of the world’s oil reserves, he holds significant influence in the Gulf region and globally.
The Wealth of the Al Nahyan Family
The Al Nahyan family, based in Abu Dhabi, is one of the wealthiest families in the world, with an estimated net worth exceeding $305 billion. Their wealth primarily comes from the vast oil reserves of the UAE, which have significantly boosted both the country’s economy and the family’s personal fortune. According to Forbes, families like the Al Nahyans are the “pillars of the economy” in the Arab world, providing jobs and stability.
Investments Beyond Oil
The Al Nahyan family has diversified their wealth by investing in a wide range of sectors. Sheikh Mansour bin Zayed, the brother of Sheikh Mohamed, holds stakes in several football clubs through City Football Group, including Manchester City, the defending champions of the English Premier League. Additionally, the family has invested in high-profile ventures like Rihanna’s beauty brand, Fenty, and Elon Musk’s aerospace company, SpaceX.
Luxurious Assets and Holdings
The family’s immense wealth is reflected in their extravagant lifestyle. They own Qasr Al-Watan, the presidential palace in Abu Dhabi, which spans 94 acres and is valued at approximately ₹4,078 crore. The palace even features a chandelier made of 350,000 crystals. The family also possesses eight private jets and an impressive collection of over 700 luxury cars, owned by Sheikh Hamad bin Hamdan Al Nahyan, the younger brother of Sheikh Mohamed. This collection includes some of the rarest vehicles in the world, such as five Bugatti Veyrons and the largest SUV globally.
Influence Through Investments and Employment
The Al Nahyan family not only maintains wealth but also plays a crucial role in job creation. Tahnoun bin Zayed Al Nahyan, another brother of Sheikh Mohamed, heads the family’s chief investment company, valued at $235 billion. He also chairs the Abu Dhabi Developmental Holding Company (ADQ), worth $110 billion. These companies invest in various sectors like agriculture, energy, and entertainment, employing tens of thousands of people.
Through these ventures, the Al Nahyan family continues to expand their influence both in the UAE and internationally, cementing their position as one of the most powerful families in the world.
