5) Sheikh Mohammed bin Rashid Al Maktoum of United Arab Emirates – $4.5 billion
The Dubai ruler is best known for his interest in thoroughbred horse breeding and racing. Many commentators speculate that he is the biggest spender in the history of horseracing, with stables in the Middle East, Europe and the United States. Aside from his interest in horseracing, he has a passion for cars and boats. He owns over 100 cars in his Dubai palace and one of the world’s biggest yachts measuring a mind-boggling 163 meters. He is also a prominent Nabti poet in the Arab world and is also recognized for his humanitarian work, which includes $100 million setting up the Mohammed bin Rashid Al Maktoum Foundation.
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