The family of UAE President Mohamed bin Zayed Al Nahyan is recognized as the richest in the world, according to The Times, Report informs referring to TASS.

It is noted that the basis of the family’s wealth is income from energy trade, as well as a competent investment policy, including investing in various companies and real estate markets.

According to Bloomberg, the Al Nahyans are worth about $300 billion.

The Abu Dhabi family owns the Royal Group, which employs more than 27,000 people in fields ranging from finance to robotics. The family owns stakes in the Manchester City, Elon Musk’s SpaceX company and Rihanna’s fashion house Savage x Fenty.

Walton family, owners of the Walmart chain of stores, comes second, whose fortune is estimated at $224.5 billion.