Oil sheiks are scattered across the Arab countries, but Dubai is popularly known to be the haven for most. The saying that goes ‘money rules the world’ is real in the life of oil sheiks in Arab countries. A place where oil reserves replace flora and fauna in the soil and resources is more significant than the size of Saturn perhaps, an insatiable hunger for shenanigans and a lifestyle so elegant.
If you even do a rough estimate of 50 richest Arabs and compare it to the wealth of 100 wealthiest people in India, yet the figures speak for itself. For us, the way we define luxury translates to opulence for the Arabs.
Do you know their standard of living for a week outperform the life savings for most of us? Each late spring individuals sit tight for the Arab autos intrusion in London which fills in as a beautiful sight for everybody in the city.
So, who are the richest oil sheiks in the world? Below is a list of top six.
The title sheik is appointed to an honorable person in the Islamic community. Most often this title is not easily earned; a person named a sheik must be versed in the teaching of the Quran and live according to Sunnah.
As a result of the vast oil reserves in the Middle East, the wealthy family in Arab ranks in the world’s wealthiest billionaires top list. In fact, their wealth is secret, and maybe the figure estimated by the world is even higher.
Here are the oil sheiks that made it to top six:
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Sheik Khalifa bin Zayed al Nahyan, $18billion.
His net worth is $18billion, former emir of Abu Dhabi and former president of United Arab Emirates m. He has in recent times held the presidential office in 2004 but was acting in an administrative capacity since the 1990s when he was crown prince due to his father’s poor health. He sees to the affairs of the world’s second-largest wealth fund Abu Dhabi investment authority which assets estimated at $773 billion. Burj Khalifa is named after him the world’s tallest building.
Sheik Mohammed Hussein Ali Al Amoudi, $14.3 billion.
He is the second wealthiest Saudi citizen. The sheik title is strictly due to his wealth and accomplishments in life. He is the largest foreign investor in Ethiopia and Sweden as well. His wealth comes from oil, agriculture, and mining assets.
Sheik Mansour bin Zayed Al Nahyan $4.9 billion.
He is the deputy prime minister of the United Arab Emirates also minister of affairs for Abu Dhabi. His love for sports made him the chair of al Jazeera sports, the owner of the English soccer club Manchester city F.C through the holding parent company Abu Dhabi united the group. He also runs the Abu Dhabi’s international petroleum investment company.
Sheik Mohammed bin Rashid al Maktoum, 4.5billion.
He is the constitutional monarch of Dubai; he named his hatch the third largest in the world Dubai. His love for horse racing made him own the horse breeding operation at Darley sturd.
Sheik Hamad bin Khalifa al Thani $2.4 billion.
He was Emir of Qatar from 1995 until 2013. During his reign, the nation produced close to 85 million tons of natural gas which lead to Qatar being the wealthiest country in the world per capita.
Sheik Faisal Qassim Al Thani $2.2 billion.
He owns Al Faisal holding company, which runs in several industries such as real estate and luxury hotels.
Like technology and artificial intelligence, the effect of oil money on the global economy cannot be emphasized, making oil sheiks a force of the Arab economy.