Sidi Mohammed VI is the the King of Morocco. He is a member of the Alaouite dynasty and ascended to the throne on 23 July 1999 upon the death of his father, King Hassan II.
Mohammed is Morocco’s leading businessman and banker. In 2015, he was estimated by Forbes magazine to be worth US$2.5 billion, and the Moroccan Royal Family has one of the largest fortunes in the world. Along with his family, they hold the majority stakes in the Société Nationale d’Investissement (SNI), which was originally state-owned but was merged in 2013 with Omnium Nord Africain (ONA Group), to form a single holding company that was taken off the Casablanca Stock Exchange.
His palace’s daily operating budget is reported by Forbes to be $960,000—which is paid by the Moroccan state as part of a 2.576 billion Dirhams/year budget as of 2014—owing much of it to the expense of personnel, clothes, and car repairs.
The official style of Mohammed is “His Majesty the King Mohammed the Sixth, Commander of the Faithful, may God grant him victory”
Mohammed is a recipient of innumerable awards both at home front and abroad. Some of them are; Grand Master of the Order of Muhammad, (23 July 1999); Grand Cross of the Legion of Honour of France (19 March 2000); Grand Commander of the Order of the Republic of the Gambia (20 February 2006); Companion of the Order of the Star of Ghana (17 February 2017). His marriage to Queen Salma Bennani is blessed with two children; Moulay Hassan (Crown Prince of Morocco) and Princess Lalla Khadijah.
In 2019, his net worth was estimated around US$2.1 billion.
