A lot of the investment decisions come down to close personal relationships. This is a place that a lot of deal makers are flying into Abu Dhabi, but they find it takes some time to build the trust of the El Naiyan family. For instance, Sam Zell, the prominent US real estate titan, he has a long standing relationship with Sheikh Tarnoon. Same goes for the Colombian billionaire Jaime Golinsky, who Devin was referring to. Same go for Gautam Adani, the wealthiest man in Asia. He has a longstanding relationship with the Abu Dhabi Royals as well. So a lot of these investment decisions stem from long cultivated relationships and then capitalizing on a perceived attractive
The secretive Al Nahyan family of Abu Dhabi has amassed a fortune of $300 billion–and they’re investing it around the globe, in everything from green energy and healthcare to Manchester City Football Club, SpaceX and Rihanna’s lingerie line. Bloomberg reporters Devon Pendleton, Ben Bartenstein and Nicolas Parasie join this episode to talk about the family’s global reach.
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