President of the UAE and hereditary ruler of its capital emirate, Abu Dhabi.
UAE is home to one-tenth of world's oil reserves; petrodollars-dollars are the president's family's original source of wealth. His real estate also is becoming more valuable, as property values rose 100% from 2005 to 2007.
Sheikh Khalifa spent more than $1 billion--including $200 million on a Frank Gehry-designed Guggenheim museum--on branding Abu Dhabi as a cultural center.
Abu Dhabi Investment Authority recently made headlines by investing $7.5 billion in Citibank and buying New York's Chrysler Building for $800 million.
Ascended to the throne August 2005; soon after, construction began on a $26 billion city named in his honor, which the government hopes will become the new economic epicenter of the Middle East.
Saudi Arabia is now earning approximately $1 billion a day from oil exports, helping boost the royal family's fortune. The king is an avid horseman and breeds Arabian horses; he founded the Equestrian Club in Riyadh.
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3 comments:
Ya Syekh... semoga ALLAH SWT menerima segala amal kebaikanmu
One billion dollars a day just from oil exports alone? Wow. That is a lot of money. If I have that much money I'd get all stressed thinking of ways to spend it. I'd probably end up donating most of it to charity. Seriously.
King Abdullah is looking great person but one pictures shows his love with Christianity. This is not Islamic teaching to live a luxurious life and don't care for their masses. Definitely, he doesn't represent Islam by his character.
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