Rashid bin Saeed Al Maktoum Net Worth

Background and career

Sheikh Rashid bin Saeed Al Maktoum (Arabic: رَاشِد بن سَعِيْد آل مَكتُوم, romanized: Rāšid bin Saʿīd Āl Maktūm; 11 June 1912 – 7 October 1990) was an Emirati royal, politician and one of the Founding Fathers of the United Arab Emirates.

Rashid bin Saeed was the first vice president and second prime minister of the United Arab Emirates, and was the ruler of Dubai from 1958–1990. His son, Maktoum, was the UAE's first prime minister. He was vice president of the UAE from the nation's independence and foundation in 1971 until his death.

Sheikh Rashid was the first Emirati vice president to serve concurrently as prime minister, when he became prime minister on 30 April 1979. After his death the office of prime minister was de facto tied to the office of vice president.

He was responsible for the transformation of Dubai from a small settlement around Dubai Creek to a modern port city, regional commercial hub and entrepôt.