By Yatish S.

This Sheikh Controls More Money Than Anyone on Earth

This is Sheikh Tahnoon bin Zayed Al Nahyan, who is a member of the UAE royal family,

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serves as one of Abu Dhabi's two deputy rulers, the national security adviser of the UAE, and a brother to the country's president.

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Under his leadership, the Abu Dhabi Securities Exchange has become one of the world's top-performing markets, with a valuation nearing $1 trillion.

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As of March 31, 2024, Sheikh Tahnoon’s companies, International Holding Co. (IHC), account for at least 65% of the benchmark FTSE ADX General Index.

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In fact, since his command, the Abu Dhabi Securities Exchange has seen its value nearly triple, making it the top-performing major market globally.

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His conglomerate has also invested in Elon Musk’s SpaceX and Rihanna's lingerie line.

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Since 2019, IHC, which started as a fish farming business, has grown 400 times and is now valued at $240 B, surpassing giants like Walt Disney Co. and McDonald's Corp.

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And, The company's success is partly due to sheikh's active trading on ADX.

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Also, The Sheikh manages $1.5 trillion through sovereign funds, and has influence over NYSE and two-thirds of S&P stock index, making him richest man in the business world.

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