Posted: Apr 15, 2016 10:23 am
IBT
This is just London. How much does he own in other cities in other parts of the world?
No wonder the Tories want to privatise the Land Registry - we can't have this data exposed for all and sundry...
Panama Papers: Abu Dhabi emir's vast London property empire revealed
Sheikh Khalifa bin Zayed bin Sultan Al-Nahyan owns a list of luxury property in London longer than his name. And now we know exactly what and where that property is thanks to the Panama Papers. IBTimes UK headed to Mayfair to get a feel for just how much property Al-Nahyan owns in the city.
Al-Nahyan is emir of Abu Dhabi and president of the United Arab Emirates (UAE), the oil-rich Gulf state known for the lavish spending and ostentatious displays of wealth of its ruling class. He and his family are worth billions. The Forbes rich list puts his net worth at around £16bn ($23bn). Like any self-respecting member of the financial elite, he owns property in some of London's most exclusive postcodes — an empire of more than 250 properties worth in the billions, it is estimated.
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Using data from Land Registry, which has a database of foreign companies which own property in London, it is possible to cross-reference the Panama Papers and find out which are owned by Al-Nayhan through his many offshore firms.
This is just London. How much does he own in other cities in other parts of the world?
No wonder the Tories want to privatise the Land Registry - we can't have this data exposed for all and sundry...