Director Of The World's Largest Wealth Fund Missing In Glider Plane Crash

Director Of The World's Largest Wealth Fund Missing In Glider Plane Crash <

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Director Of The World's Largest Wealth Fund Missing In Glider Plane Crash By Mike Mitchell

		March 28, 2010 - Sheikh Ahmed bin Zayed al Nahyan, Managing Director of the Abu Dhabi Investment Authority (ADIA), the world's largest sovereign wealth fund and his pilot crashed their glider plane into a lake on Friday night in Morocco. The pilot has been rescued and is reported to be in good condition. However, Ahmed is reported missing and is suspected to be dead. Authorizes continue to search the lake. Sheikh Ahmed bin Zayed al Nahyan is an Emirati businessman and Managing Director of the Abu Dhabi Investment Authority the world's largest sovereign wealth fund.

In 2009 Ahmed was ranked as the 27th most powerful person in the world by Forbes, in although Ahmed brother, Sheikh Zayed bin Sultan Al Nahyan is the Chairman of ADIA. Ahmed's eldest brother, which practically more powerful than Ahmed, but inaccurately not listed in the list of most powerful person, but ranked 2nd in Forbes the World's Richest Royals. He is one of the sons of Sheikh Zayed bin Sultan Al Nahyan. The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by Abu Dhabi, United Arab Emirates. ADIA has never published how much it has in assets. As a result of this, there is some debate on how much the fund has under control. Accepted estimates have been between $650 billion to approximately $875 billion in assets. On November 26, 2007, ADIA agreed to invest $7.5 billion in Citigroup, the largest United States bank. This deal gives ADIA 4.9% of the New York–based bank, making it the second largest shareholder, with Prince Alwaleed Bin Talal Al Saud of Kingdom Holding of Saudi Arabia the third largest shareholder, with 4.3%.

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