King Mohammed VI Of Morocco Net Worth, Age, Wife, Children, Biography
King Mohammed VI of Morocco Net Worth
King Mohammed VI of Morocco, the king of Morocco has an estimated net worth of $7 billion.
Profile Summary
| Net Worth | $7 million |
| Name | King Mohammed VI |
| Gender | Male |
| Born | 21 August 1963 |
| Age | 60 years ago (as of 2023) |
| Place of birth | Rabat, Morocco |
| Children | Moulay Hassan, Crown Prince of Morocco, Princess Lalla Khadija of Morocco |
| Parents | Hassan II of Morocco, Lalla Latifa |
| Nationality | Moroccan |
King Mohammed VI of Morocco Biography
Mohammed VI has been the king of Morocco since July 23, 1999, following his father's death.
He holds substantial business interests in Morocco, with an estimated net worth of over $2.1 billion to $8.2 billion. In 2015, Forbes ranked him as Africa's wealthiest king and the fifth richest monarch globally.
Upon becoming king, Mohammed implemented reforms, including changes to the family code to empower women.
In 2010, WikiLeaks released cables alleging corruption in his court, leading to protests in 2011 as part of the Arab Spring. In response, he introduced constitutional reforms, which were approved in a public referendum on July 1, 2011. You can also check out Rece Davis.
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Mohammed VI pursued his education, completing primary and secondary studies at Collège Royal and earning a bachelor's degree in law from Mohammed V University at Agdal in 1985. His research focused on the Arab-African Union and the Strategy of the Kingdom of Morocco in matters of International Relations.
He obtained higher degrees in political sciences and public law, including a PhD in law from the French University of Nice Sophia Antipolis in 1993. Mohammed also held military ranks and leadership roles before his ascension to the throne.
Before becoming king, Mohammed VI had a reputation as a playboy, enjoying fast cars and nightclubs, according to the New York Times.
King Mohammed VI Age
The current king of Morocco was born on 21 August 1963 in Rabat, Morocco. King Mohammed VI is 60 years old as of 2023.
Parents
King Mohammed VI of Morocco's parents are Hassan II and his wife, Lalla Latifa.
King Mohammed VI of Morocco Wealth
Mohammed is a prominent businessman and banker in Morocco. In 2015, Forbes estimated his wealth at $5.7 billion, but in 2019, Business Insider mentioned $2.1 billion. The Moroccan Royal Family also holds a vast fortune.
Together, they control Al Mada Holding, which owns various businesses, including a bank, mining, tourism, insurance, and more. They sold some companies for around $1.37 billion between 2012 and 2013. Read more about Joe Tessitore.
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SNI and ONA had stakes in Brasseries du Maroc, the country's largest alcoholic beverages manufacturer. In 2018, SNI changed its name to Al Mada.
Mohammed is a significant agricultural producer and landowner, benefiting from tax exemptions in Morocco. His holding company, SIGER, has shares in Les domaines agricoles, a large agricultural group. This group generated $157 million in revenue in 2008 and owns 12,000 hectares of agricultural land.
They also own Chergui, a dairy product manufacturer, and the Royal Golf de Marrakech. His palace's daily operating budget is reportedly $960,000, covered by the Moroccan state as part of a 2.576 billion Dirhams/year budget as of 2014.
Siblings
He has one brother, Prince Moulay Rachid, and three sisters: Princess Lalla Meryem, Princess Lalla Asma, and Princess Lalla Hasna.
King Mohammed VI Wife
Mohammed got engaged to Salma Bennani on October 12, 2001.
They had a private wedding in Rabat on March 21, 2002, and celebrated it at Dar al-Makhzen in Rabat on July 12 and 13, 2002. Bennani became a Princess when they married.
They have two children: Crown Prince Moulay Hassan, born on May 8, 2003, and Princess Lalla Khadija, born on February 28, 2007. The couple reportedly divorced around 2018.
