Former Emir of Qatar, Hamad bin Khalifa Al Thani is the 8th richest royal in the world according to Forbes list with an estimated net worth of $2.4 billion. Born in 1952, Hamad attended British Royal Military Academy in Sandhurst and graduated in 1971 as a lieutenant colonel. He became general, and army chief of staff in In 1972. He was then appointed as minister of defense in 1977.
The Sheikh of Qatar rose to Emir following a successful coup that disposed his father in 1995. He was Minister of Defense between 1977 and 1995 and has been considered a progressive leader since his ascension in 1995; was crowned on 20 June 2000. During his reign he used the nation’s oil and natural gas to better the lives of Qatari citizens. Qatar is now the richest country in the world with an average annual income of US$96,993 per person. The nation has proven oil reserves of 15 billion barrels. It has the world’s third largest natural gas reserves and produces 1,631,000 bbl/day.
Sheikh Hamad took the groundbreaking decision in June 2013 of announcing his 33-yeard old son, Sheikh Tamim bin Hamad, as his successor. This was incredibly unusual as leaders in the Middle East hold office until their death. Sheikh Hamad has three wives and twenty-four children, eleven sons and thirteen daughters: