The Treasure of Al Thani
thanks to the Panama Papers, it has become obvious just how fabulously wealthy Qatar’s former prime minister is.
WHAT THE WORLD KNOWS about Hamad bin Jassim bin Jaber Al Thani, the imposingly mustachioed member of the Qatari royal family, is mostly confined to his actions as a politician. From 2007 to 2013 he served as prime minister of the country his great-uncle founded 45 years ago. While in power, Al Thani dealt with issues that included border disputes between Saudi Arabia and Bahrain (two of his country’s nearest neighbors) and the human-rights crisis in Darfur (where the Qataris had investment interests).
Beyond his political profile, Al Thani jealously guards details about his life. Until recently little more than his age (he’s 56) was verifiable—but then the Panama Papers leak revealed a copy of his passport as well as documents detailing his ownership of several offshore companies that in turn own the yacht Al Mirqab, one of the largest pleasure crafts ever built. It reportedly has a helipad, Jacuzzi, movie theater, gym and spa. Such add-ons make the Al Mirqab worth about $300 million.
Beyond that, FORBES uncovered a series of Al Thani’s stock purchases. Typically we don’t include royals in our ranking of billionaires—it’s too hard to differentiate between assets owned by the state and those owned individually— but in this case it’s clear Al Thani is worth at least $1.3 billion. Constituting most of his fortune: a 3% stake in Deutsche Bank worth almost $800 million, plus nearly $220 million of stock in Gulf Warehousing, a Qatar-based logistics company.
Neither Al Thani nor his representatives could be reached for comment. THERE’S NOW one more place to sit down in New York’s Guggenheim Museum: Italian artist Maurizio Cattelan has created an 18-karat-gold toilet for one of its bathrooms.
The 55-year-old Cattelan is renowned for his irreverent works: His statue of a hand giving the middle finger stands in front of Milan’s stock exchange, and when art collector Peter Brant commissioned him to create a sculpture of his supermodel wife, Stephanie Seymour, Cattelan delivered a nude bust inspired by hunting trophies. (Cattelan produced it in an edition of three so other men could also have a trophy wife.)
As for Cattelan’s new gold throne—a sly art-historical wink to “Fountain,” the signed urinal Marcel Duchamp created in 1917— Guggenheim visitors can either admire it from afar or express their opinion of the work in the most basic way: The toilet is functional.
Net worth: $10.2 billion the man who suffered the biggest loss during the oil bust—some $16 billion at the bottom of the market—stands to gain more than anyone else from its resurgence.