10+ Richest Sheikhs In The World
(2024) [RANKED]
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Top 10 Richest Sheikhs In The World: “Luxury”, “Opulence”, “Lavishness”… These are just some of the words that come to mind when talking about Arab Sheikhs, as they’re some of the world’s richest billionaires.
First of all, you might be thinking…
How much are we talking about here?
No worries, we’re here to fill you in! Are you ready?
Let’s get started…
#1. Sheikh Mansour bin Zayed Al Nahyan
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<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/09/Richest-Sheikh-01.webp" alt="Richest Sheikhs"></a>Net Worth: $30 billion
Sheikh Mansour bin Zayed bin Sultan bin Zayed Al Nahyan is the Deputy Prime Minister of the United Arab Emirates, Minister of Presidential Affairs, and a member of Abu Dhabi’s royal family.
One of the most internationally recognized Middle East royals in the world, he is probably best known as the man who bought the Manchester City Football Club in 2008.
The Emirati politician was born on November 20, 1970, as the fifth son of Sheikh Zayed bin Sultan Al Nahyan, the Emir of Abu Dhabi, and Sheikha Fatima bint Mubarak Al Ketbi.
In 1989, he attended Santa Barbara Community College as an English student. After that, he returned to the UAE to study at the United Arab Emirates University where he graduated with a Bachelor’s Degree in International Affairs in 1993.
As a politician, he held many offices in support of his brother, Prince Mohammed bin Zayed Al Nahyan, most notably as Deputy Chairman of the Abu Dhabi Education Council, as chairman of the Emirates Foundation, Abu Dhabi Food Control Authority, Abu Dhabi Fund for Development, and Abu Dhabi Judicial Department.
Since the royal’s acquisition of MCFC, the football club went through a significant transformation, gaining major wins, resulting in its value soaring higher than ever. It’s now one of the world’s most profitable football clubs.
What’s more…
Among his many investments is buying a 32% stake in Richard Branson’s Virgin Galactic. He also co-owns Sky News Arabia, a joint venture with British Sky Broadcasting, and the English-language newspaper The National.
In addition to that…
He also owns the luxury yacht “Topaz”, which was the world’s fourth-largest luxury yacht at the time of its launch. Oh, and it was even rented once by Leonardo DiCaprio!
#2. Salman bin Abdulaziz Al Saud of Saudi Arabia
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<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/09/Richest-Sheikh-02.webp" alt="Richest Sheikhs"></a>Net Worth: $18 billion
King Salman of Saudi Arabia was born on December 31, 1935, as the 25th son of King Abdulaziz, Saudi Arabia’s founder and first monarch. He’s been ruling Saudi Arabia since 2015.
Young Salman studied religion and modern science at the Princes’ School in Riyadh.
He entered politics at the age of 19 after being appointed Deputy Governor of Riyadh. Under his governance, Riyadh transformed from a small town into a big city with large buildings, universities, and modern infrastructure. He held the position for 48 years.
In 2011, he was named Second Deputy Prime Minister and Minister of Defense. The following year, he was appointed Crown Prince of Saudi Arabia following the death of his brother, Prince Nayef bin Abdulaziz. Three years later, he acceded to the throne at the age of 79.
As King, naturally, he enjoys a lavish lifestyle, owning luxury properties such as a yacht with its own banquet room, the opulent Erga Palace (where even the chairs and the tissue box are reportedly made out of gold!), and several other homes.
He has an estimated net worth of $18 billion, making him the third richest royal in the world.
#3. Sheikh Khalifa Bin Zayed Al Nahyan
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<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/09/Richest-Sheikh-03.webp" alt="Richest Sheikhs"></a>Net Worth: $15 billion
Khalifa bin Zayed Al Nahyan is the president of the United Arab Emirates, the 16th Emir of Abu Dhabi, and the United Arab Emirates Armed Forces’ Supreme Commander. Besides that, he’s also the Chairman of the Supreme Petroleum Council and Abu Dhabi Investment Authority.
He was born on September 7, 1948 to the Emir of Abu Dhabi, Zayed bin Sultan Al Nahyan, and Hassa bint Mohammed bin Khalifa Al Nahyan.
His early education was spent at the city school in Al Ain, then he went to and graduated from Royal Military Academy Sandhurst.
Khalifa bin Zayed Al already showed great leadership skills at the young age of 18 when his father appointed him as his representative in the eastern region of Abu Dhabi, and he implemented projects intending to improve local agriculture.
In 1969, he was named Crown Prince of Abu Dhabi and also the Head of Abu Dhabi Department of Defense. As Head, he supervised the development of the Abu Dhabi Defense Force, which would become the basis for the UAE Armed Forces. He became its Deputy Supreme Commander in 1976.
He assumed the posts of both President of the United Arab Emirates and Emir of Abu Dhabi in 2004, succeeding his father.
His focus as President has been on developing the oil and gas industry and implementing education, housing, and social services projects.
As the hereditary ruler of Abu Dhabi and Chairman of the Abu Dhabi Investment Authority, which manages the Emirate’s large oil reserves and also $875 billion worth of assets, Khalifa bin Zayed Al is ranked the fourth wealthiest monarch in the world.
The world’s tallest building, the Burj Khalifa, was renamed in his honor.
#4. Sheikh Mohammed bin Rashid Al Maktoum
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<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/09/Richest-Sheikh-04.webp" alt="Richest Sheikhs"></a>Net Worth: $14 billion
Sheikh Mohammed bin Rashid Al Maktoum is the Prime Minister, Vice President, and Minister of Defence of the United Arab Emirates, and the ruler of Dubai. He is known as “one of the world’s most prominent real estate developers”.
The billionaire Sheikh was born on July 15, 1949, as the third son of the ruling family of Dubai, the Al Maktoum family.
For his early education, he was privately tutored in Arabic and Islamic Studies, but later attended Al Shaab School and Dubai Secondary School. He went to the United Kingdom to study at Bell Educational Trust’s English Language School, then to Mons Officer Cadet School. He also went to Italy for his pilot training.
After his return, he was immediately appointed Head of the Dubai Police Force by his father. At the age of 22, he was made Minister of Defence of the newly independent United Arab Emirates.
In 1995, he was named Crown Prince, alongside his brother Sheikh Hamdan bin Rashid Al Maktoum. In the same year, he launched the Dubai Shopping Festival, which significantly helped boost UAE’s economy.
Sheikh Mohammed became Dubai’s official ruler in 2006, as well as being selected Vice President of the UAE.
Aside from his political career, Mohammed bin Rashid al is also known for his business ventures and efforts to make Dubai a top tourist and business destination. Under his innovative leadership, he managed to transform Dubai into the world-class global city it is today. He’s the mastermind behind the creation of Emirates Airline, Jumeirah Hotels and Resorts, and DP World.
Not only that…
He also spearheaded such projects as Dubai Media City, Dubai Internet City, Dubai International Finance Centre, the gorgeous man-made Palm Islands, and the construction of the world’s tallest building, the iconic Burj Khalifa.
Sheikh Mohammed bin Rashid al Maktoum has a staggering net worth of $14 billion, most of his wealth coming from the real estate business.
#5. Sheikh Mohammed Al Amoudi
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<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/09/Richest-Sheikh-05.webp" alt="Richest Sheikhs"></a>Net Worth: $8.3 billion
Sheikh Mohammed Hussein Al Amoudi is an Ethiopian-Saudi businessman and philanthropist.
He was born to an Ethiopian mother and Hadhrami father, in Ethiopia in 1946.
The Ethiopian-born billionaire initially made his fortune in real estate and construction, then he expanded his business by buying oil refineries in Morocco and Sweden, most notably Svenska Petroleum Exploration and Preem, the biggest fuel company in Sweden.
He has a wide range of businesses including hotels, construction, agriculture, mining, and energy.
Among the companies he owns are Mohammed International Development Research and Organization Companies (MIDROC) and Corral Petroleum Holdings. He also owns Sheraton Hotels and Resorts, Saudi Star Agricultural Development PLC, as well as rice and coffee farms.
He holds the records as the richest man in Ethiopia, the second richest man in Saudi Arabia, and Ethiopia’s largest individual foreign investor.
He was also recognized by the 19th Arab Economic Forum Summit for his economic achievements and philanthropic work.
#6. Sheikh Abdul Aziz Al Ghurair
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<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/09/Richest-Sheikh-06.webp" alt="Richest Sheikhs"></a>Net Worth: $7.5 billion
Sheikh Abdul Aziz Al Ghurair is an Emirati billionaire businessman and philanthropist. He is Mashreq Bank’s Chairman and a director of the Abdullah Al Ghurair Group of Companies, one of the oldest and most successful business groups in the Middle East.
He was born on July 1, 1954 and studied at California Polytechnic State University, where he earned an Honors’ Degree in Industrial Engineering.
From 2007 to 2011, he was the Federal National Council’s Speaker of the House in the UAE Parliament.
In 1990, he became the CEO of Mashreq Group. Under his leadership, the bank turned into a leading financial services institution, leading to assets increasing up to 50.3% from 2006 to 2007.
He further led the bank to innovation by having it be the first UAE bank to launch ATMs and the first to issue credit and debit cards.
His all-encompassing experience in the business and financial world has been widely recognized. Among his many international accolades are the Gulf Business Industry’s Business Leader of the Year award, CEO Middle East magazine’s Best CEO award, and Lifetime Achievement awards from The Arab Bankers Association of North America and Euromoney.
As a philanthropist, he’s an active supporter of charitable organizations such as UNICEF, UNESCO, and the UAE Disabled Sports Federation.
His estimated net worth of $7.5 billion makes him the 420th richest person in the world.
#7. Mohammed bin Salman
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<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/09/Richest-Sheikh-07.webp" alt="Richest Sheikhs"></a>Net Worth: $5 billion
Mohammed bin Salman Al Saud, also known as MBS, is the Crown Prince of Saudi Arabia, a member of the royal family, as well as the country’s Deputy Prime Minister, Chairman of the Council for Economic and Development Affairs, Chairman of the Council of Political and Security Affairs, and Minister of Defense.
He was born on August 31, 1985, to King Salman bin Abdulaziz and his third wife Fahda bint Falah Al Hithlain.
He graduated from King Saud University with a degree in Law, then entered politics at the age of 24 as his father’s personal advisor and subsequently, as governor of Riyadh. His experience as his father’s personal aide taught him things like communicating with important people and steering clear of indiscretions.
After his father became King, Mohammed was named Minister of Defence and was put in charge of Saudi Arabian Oil Company or Aramco, the gigantic state-owned oil company. In 2017, he was appointed Crown Prince.
A controversial figure, he’s also considered as some sort of reformer by some, with his economic reforms and laws that create more opportunities for women such as the removal of the ban on female drivers and loosening the male guardianship system.
The extremely wealthy prince is known for his extravagant lifestyle. He owns a 440-foot superyacht, which he named “Serene”, and spent $300 million to purchase the Chateau Louis XIV. He also reportedly bought Leonardo da Vinci’s “Salvador Mundi” for $450 million.
#8. Sheikh Majid Al Futtaim
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<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/09/Richest-Sheikh-08.webp" alt="Richest Sheikhs"></a>Net Worth: 3.9 billion
Majid Al Futtaim is an Emirati real estate developer and billionaire. Born in the 1930s, the renowned businessman is the founder, owner, and president of the Majid Al Futtaim Holding, also known as MAF, a real estate and retail giant.
His family owns the Al Futtaim Group, which is run by his brother, billionaire Abdulla Al Futtaim. Having been raised in a family of entrepreneurs, he learned at an early age how to take part in business activities.
His company, the Majid Al Futtaim Holding, was formed after the Al Futtaim family split Al Futtaim Group’s business interests in 1992, and Sheikh Majid took the property development business.
His company owns 13 hotels and 26 malls, the main stars being the Mall of the Emirates in Dubai and the Mall of Egypt in Cairo. It’s known to provide a top-notch shopping mall experience in the Middle Eastern and North African region.
Sheik Majid is a married man and lives with his family in Dubai. He has a son named Tariq Al Futtaim, who is a board member of the Majid Al Futtaim Group.
With a net worth of $3.9 billion, he’s the third richest Middle East individual in the world.
#9. Sheikh Abdulla bin Ahmad al Ghurair
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<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/09/Richest-Sheikh-09.webp" alt="Richest Sheikhs"></a>Net Worth: $2.8 billion
Born in 1930, Abdulla bin Ahmad Al Ghurair is an Emirati billionaire businessman who is the chairman and founder of Mashreqbank, a leading United Arab Emirates bank.
Sheikh Abdulla belongs to the prominent Emirati business family, the Al Ghurair family. They own the conglomerate Al Ghurair Group, which is headed by his brother, fellow billionaire Saif Ahmad Al Ghurair.
He has a Master of Business Administration degree from Stanford University.
He founded Mashreqbank, now the oldest privately owned bank in the United Arab Emirates, in 1967.
Al Ghurair’s construction company is best-known as the constructor of the exterior cladding of the Burj Khalifa and also had a hand in building Dubai Metro.
The billionaire lives in Dubai with his wife and son Abdul Aziz Al Ghurair, who is the chairman of Al Ghurair Investment and the CEO of Mashreqbank.
As of 2021, he’s the world’s fifth-richest Arab.
#10. Sheikh Hussain Sajwani
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<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/09/Richest-Sheikh-10.webp" alt="Richest Sheikhs"></a>Net Worth: $2.5 billion
Sheikh Hussain Sajwani is the chairman and founder of the Dubai-based property development company, DAMAC Properties, and the private investment company, DICO Group.
The Emirati businessman was born in 1953 to entrepreneur
parents. He was able to attend a medical college in Baghdad through a government scholarship. He then went to the U.S. to study industrial engineering at the University of Washington.
After graduating, he worked at GASCO as a contracts manager, then in the finance department of Abu Dhabi Gas Industries in 1981.
But it seems that being a businessman is always in his blood…
The ambitious young man kick-started his career in business with a catering venture, with notable customers such as the Bechtel Corporation and the U.S. military.
And yes, the venture still operates to this day, under the name Global Logistics Services.
He shifted his focus on real estate after foreigners were allowed to own properties in Dubai. He saw a potential market opportunity and founded DAMAC Properties in 2002. The company has since grown into a property development giant.
One of the largest property development companies in the Middle East, DAMAC Properties has projects in global cities such as Dubai, Abu Dhabi, Riyadh, Jeddah, Maldives, and London.
His company is also known for teaming up with well-known brands and personalities. Some projects that were developed from those collaborations include luxury apartments and villas by renowned fashion houses and a golf course designed by Tiger Woods. It also worked together with Donald Trump and Paramount Hotels and Resorts.
The self-made billionaire Sheikh is considered one of the most influential and powerful Arabs in the world.
He was included in Gulf Business’ 100 Most Globally Influential Arabs list in 2017, 2018, and 2020, and in Arabian Business’ Most Powerful List in 2018, while his DAMAC Properties topped Forbes’ Global 2000 list of fastest-growing global companies.
Conclusion: 10 Richest Sheikhs In The World 2024
And that’s it!
We hope that you enjoyed reading about these men that make up the world’s top 1% and their fantasy lifestyle!
Sure, most of them are born to wealthy families, but it still takes a lot of savvy and tenacity to maintain an empire… And we’re sure you’d agree that these men have plenty of those!
If you like to get even more inspired, how about checking out these success lessons from the Top 10 Richest People in the World?
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