Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, has died at the age of 73.
Forbes USA named him one of the richest monarchs and included the hereditary ruler of Abu Dhabi among the most influential people in the world. The UAE President’s death was reported by WAM, citing a statement from the Ministry of Presidential Affairs. The Khaleej Times quotes:
“The Ministry of Presidential Affairs extends its condolences to the people of the UAE, the Arab and Islamic nation and the world on the passing of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE.”
Sheikh Khalifa bin Zayed Al Nahyan was born in 1948 to the first President of the United Arab Emirates, Sheikh Zayed bin Sultan Al Nahyan, in the oasis of Al Ain in the United Arab Emirates. In 2004, after the death of his father, he inherited the post of ruler of Abu Dhabi. In November of the same year, he was elected President of the UAE for a period of five years, and then re-elected to this post in 2009, 2014 and 2019. He was the head of the Abu Dhabi Development Fund and the Abu Dhabi Sovereign Fund.
As the hereditary ruler of Abu Dhabi, the richest emirate in the UAE, wrote Forbes, Al Nahyan was one of the richest monarchs in the world. In addition to controlling 97.8 billion barrels of oil reserves, he managed a $830 billion sovereign wealth fund.
In 2018, Sheikh Khalifa bin Zayed Al Nahyan was ranked 43rd in the Forbes ranking of the most influential people in the world.