r/worldnews – Documents reveal United Arab Emirates president owns multibillion-pound property portfolio spanning London’s most expensive neighbourhoods
This is the best tl;dr I could make, original reduced by 91%. (I’m a bot)
The properties all form part of a secretive £5.5bn real estate empire owned by one of the world’s wealthiest heads of state, Sheikh Khalifa bin Zayed Al Nahyan, the president of the United Arab Emirates and emir of Abu Dhabi.
Khalifa’s London property empire appears to surpass even that of the Duke of Westminster, the 29-year-old billionaire aristocrat who owns swathes of the city.
Khalifa’s UK property interests first came to light in 2016 when the Guardian’s reporting on the Panama Papers provided a glimpse into how the UAE’s president had secretly acquired dozens of central London properties worth more than £1.2bn. However, documents seen by the Guardian suggest Khalifa’s holdings are worth almost five times that.