Sheikh Jassim Net Worth: Wealth of The Founder of Modern Qatar

By Team ABJ

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According to sources, as of 2023, the estimated net worth of Hamad bin Jassim bin Jaber Al Thani, the former prime minister of Qatar, stands at approximately $1.3 billion. It’s essential to note that this is merely an estimate and may not accurately reflect his true wealth. Al Thani is known as the founder and chairman of Paramount Services Holdings, a private equity fund that holds stakes in various businesses, including Deutsche Bank, Harrods, and PSG. Additionally, he is the owner of a 436-foot superyacht named Al Mirqab, valued at around $300 million.

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Sheikh Jassim’s Life and Career

Hamad bin Jassim bin Jaber Al Thani, commonly referred to by his initials HBJ, is a prominent figure in both the Qatari royal family and the international business arena. He was born on January 11, 1959, in Doha, Qatar, to Sheikh Jassim bin Jabr Al Thani and Sheikha Nora bint Khalid Al Thani.

From a young age, HBJ was immersed in the rich cultural and political heritage of Qatar. He is the grandson of Sheikh Hamad bin Abdullah Al Thani, who was the brother of Sheikh Jassim bin Mohammed Al Thani, the founder of modern Qatar. Additionally, he is the cousin of Sheikh Hamad bin Khalifa Al Thani, the former Emir of Qatar.

HBJ’s career has been a remarkable journey through politics, business, and philanthropy. He embarked on his political career in 1979 as the director of the office of the minister of municipal affairs and agriculture. Subsequently, he held various ministerial positions, including minister of economy and commerce, minister of finance, and minister of foreign affairs. On April 3, 2007, he assumed the roles of prime minister and foreign minister of Qatar, serving in these capacities until June 26, 2013.

During his tenure as prime minister and foreign minister, HBJ played a pivotal role in shaping Qatar’s foreign policy and diplomatic relations. He was instrumental in mediating regional conflicts and crises, such as the Darfur conflict, the Lebanese civil war, the Yemeni uprising, and the Syrian civil war. Furthermore, he played a significant role in establishing the Gulf Cooperation Council (GCC), a regional intergovernmental organization aimed at promoting economic integration and security cooperation among its member states. He also spearheaded Qatar’s efforts to diversify its economy and enhance its global presence by hosting major international events, including the 2006 Asian Games, the 2011 AFC Asian Cup, and the 2022 FIFA World Cup.

HBJ resigned from his positions in 2013, following the abdication of his cousin Sheikh Hamad bin Khalifa Al Thani in favor of his son, Sheikh Tamim bin Hamad Al Thani. Since then, he has focused on his business interests and philanthropic activities.

In the realm of business, HBJ is a billionaire entrepreneur with diverse investments. He is the founder and chairman of Paramount Services Holdings, a private equity fund that owns stakes in several prominent businesses, such as Deutsche Bank, Harrods, and PSG. Additionally, he owns a 436-foot superyacht called Al Mirqab, estimated to be worth $300 million.

Beyond business and politics, HBJ is known for his commitment to philanthropy and cultural endeavors. His passion for art and culture has driven him to support various artistic initiatives and humanitarian causes, including the Museum of Islamic Art in Doha, the Qatar Foundation for Education, Science, and Community Development, and the United Nations High Commissioner for Refugees.

References:

  • Jassim bin Hamad bin Khalifa Al Thani – Wikipedia

Note: In this post we are referring Sheikh Jassim to Hamad bin Jassim bin Jaber Al Thani

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