Meet Sheikh Tahnoon bin Zayed, The $1.5 Trillion Business Titan of Abu Dhabi
Sporting his signature trademark sunglasses, Abu Dhabi royal Sheikh Tahnoon bin Zayed is one of the most sought-after men in the UAE. Why, you may ask? Well, it turns out that the royal figure controls a massive pile of private and state assets that add up to more than 1.5 trillion dollars. Any opportunity to invest in merely a sliver of that wealth could lead to major returns and fees.
Known as the brother of UAE President Sheikh Mohamed bin Zayed as well as the man who runs Abu Dhabi’s largest companies and sovereign wealth funds, Sheikh Tahnoon is the ultimate business tycoon. To get a glimpse into his 1.5 trillion dollar Empire, let’s take a look at his most major assets and projects:
Chairman Of ADQ: An Abu Dhabi Wealth Fund
Known as ADQ, it is one of Abu Dhabi’s biggest investment arms. It is a long-term investor with more than 25 companies under its belt. Sheikh Tahnoon is the chairman of ADQ, which contributed 22% of Abu Dhabi’s non-oil GDP in 2022.
So far, the firm has contributed to the growth of several companies, including LuLu International Holdings LIHL, Abu Dhabi National Energy Company TAQA, and Etihad Airways.
Chairman Of G42: The Leading Artificial Intelligence Firm
The Emirati AI giant, known as a technology holding company and a giant in artificial intelligence, is chaired by one of the most powerful members of Abu Dhabi’s royal family, Sheikh Tahnoon. This firm is climbing the AI ladder as its partner, Cerebras, is currently building G42, a supercomputer, the first of nine AI supercomputers.
Chairman Of IHC: An Asset Holding Company
This $240 billion holding company owns and controls interests in major companies worldwide, and of course, the man behind it is business tycoon Sheikh Tahnoon. IHC has major investments in companies like Elon Musk’s SpaceX, Mirak, and Viola Communications.
Today, the IHC continues to focus on space as they have unveiled a joint venture with India’s Adani Group in December.
His Investments in TikTok Inc.’s Chinese Owner ByteDance Ltd.
TikTok is probably one of the most popular social media platforms, owned by its parent company, ByteDance. It turns out that Sheikh Tahnoon made major investments in that parent company, another bead along the very long string known as his trillion-dollar empire.
Chairman Of First Abu Dhabi Bank
Along with overseeing two of Abu Dhabi’s biggest wealth funds, Sheikh Tahnoon also chairs the country’s largest bank, the First Abu Dhabi Bank. The bank is known as the UAE’s biggest lender by assets and having Sheikh Tahnoon oversee the company is yet another example of how he is the ultimate businessman and investor of the UAE.
Seeing how Sheikh Tahnoon holds power over some of the major businesses in the UAE and beyond, he exemplifies the ultimate business tycoon and is one of the most sought-after businessmen in the world.
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