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700 Cars, Rs 4,000 Crore Palace, 8 Jets: Everything World’s Richest Family Owns

UAE president Sheikh Mohamed bin Zayed Al Nahyan, also referred to as MBZ, heads the household

The Al Nahyan royal household of Dubai which owns a Rs 4,078 crore presidential palace (the scale of three Pentagons), eight personal jets and a preferred soccer membership is the richest on this planet, a report by GQ said.

UAE president Sheikh Mohamed bin Zayed Al Nahyan, additionally identified by his initials MBZ, heads the household and has 18 brothers and 11 sisters. The Emirati royal additionally has 9 youngsters and 18 grandchildren.

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The household personal about six per cent of the world’s oil reserves, the Manchester Metropolis soccer membership and holds stakes in a number of well-known corporations — from singer Rihanna’s magnificence model Fenty to Elon Musk’s House X.

The Abu Dhabi ruler’s youthful brother Sheikh Hamad bin Hamdan al Nahyan has a group of over 700 automobiles together with the world’s largest SUV together with 5 Bugatti Veyrons, a Lamborghini Reventon, a Mercedes-Benz CLK GTR, a Ferrari 599XX and a McLaren MC12.

The household owns the gilded Qasr Al-Watan presidential palace in Abu Dhabi, the largest out of the a number of such palaces it has throughout UAE. Unfold throughout almost 94 acres, the large-domed palace has a chandelier made from 350,000 crystals and homes prized historic artefacts.

Tahnoun bin Zayed Al Nahyan, the president’s brother, heads the household’s chief funding firm whose worth has shot by virtually 28,000 per cent within the final 5 years. The corporate, at present valued at $235 billion, owns agriculture, power, leisure and maritime companies and employs tens of hundreds of individuals.

Aside from UAE, the Dubai royals additionally personal luxurious properties throughout the globe together with in Paris and London. The household’s former head was nicknamed the “landlord of London” for the huge array of properties owned by him in UK’s most posh neighbourhoods.

In accordance with a report by the New Yorker in 2015, the Dubai royal household had property similar to the British royal household.

In 2008, MBZ’s Abu Dhabi United Group purchased the UK soccer group Manchester Metropolis for Rs 2,122 crore. The corporate additionally owns 81 per cent of the Metropolis Soccer Group that additionally operates Manchester Metropolis, Mumbai Metropolis, Melbourne Metropolis and New York Metropolis soccer golf equipment.

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