The newest name to feature in Forbes Magazine’s UAE rich list is a relatively unknown, Abu Dhabi based investor. Khalifa bin Butti Al Muheiri reportedly sits atop a U.S. $1.6 billion empire, making him the 7th wealthiest Emirati in 2018, and one of the MENA region’s lesser known entrepreneurs. Today’s insight takes a closer look at the man behind the money.
- Khalifa bin Butti Al Muheiri sprung to prominence this year as one of the Emirates’ wealthiest figures. His family are known for their positions in insurance and real estate companies, but his level of wealth is more significant than expected.
- Several of his investments are made in tandem with another prominent business personality, Saeed Al Qubaisi, suggesting that there is an informal familial alliance aiding Khalifa’s rise.
- Ultimately, there will likely come a chance for Khalifa to segway from his status as a wealthy businessman to that of a trusted political personality; the Al Nahyan family may seek to co-opt him under state patronage.
Intriguingly, Khalifa did not feature on Forbes’ radar at all in 2017; his emergence on the business scene has occurred in the quickest of terms and there is very little coverage of his background.
With financial capital to rival the likes of the Ghurairs, Futtaims, and Sajwanis – all of whom are multinational investors – Khalifa’s source of wealth and modus operandi will fast become the subject of great interest among foreign investors.