Sheikh Of Kuwait Sabah Net Worth

For a long time, Sabah IV Al-Ahmad Al-Jaber Al-Sabah was the Emir of Kuwait. The royalty had a net worth of $600 million at the time of his death. Sabah was also the Commander of the Military of Kuwait. Furthermore, the Sheikh was the head of the Sabah monarchy. He was born in Kuwait City and was a long-serving politician.

He died on September 29, 2020, at the age of 91. He suffered from a stroke in 2019 that made him largely debilitated for the last year of his life. He was succeeded by his half-brother, Crown Prince Sheikh Nawaf al-Ahman al-Jaber al-Sabah.

Born in Kuwait City, Sheikhdom of Kuwait in June 1929, he came into a royal family but the country had not discovered oil. Currently, the small nation (smaller than New Jersey) produces about 6% of the world’s oil.

Sheikh of Kuwait Net Worth

Sabah started serving in local government in 1954. He worked as the Foreign Minister of Kuwait from 1963 to 2003. He was tasked with restoring Kuwait’s international relations after the Gulf War. He then served as the Prime Minister of Kuwait from 2003 to 2006.

The emir Sheikh Jaber passed away in January 2006 making Sheikh Saad the new emir. Due to health issues, Saad was unable to continue and abdicated later that month. Sheikh Sabah was selected as the new Emir of Kuwait. In 2008, he dissolved the National Assembly of Kuwait.

Notably, the Sheikh increased his yearly stipend from the equivalent of $25 million to $188 million. His wife and cousin passed away in 1990. He has had four children, but two have passed away.

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