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Manchester Evening News
Manchester Evening News
Sport
Jack Flintham

How did Sheikh Jassim make his money? Prospective Manchester United owner's net worth

Manchester United owners the Glazer family are currently faced with two credible bidders for the club.

On the one side is Sir Jim Ratcliffe, the head of multinational chemicals company INEOS. He is a self-proclaimed United supporter having grown-up in Failsworth.

His interest in buying a football club has been well documented. Ratcliffe previously failed in a bid to buy Chelsea when it was put up for sale by Roman Abramovich. While he is a relatively known quantity, less is known about his rival Sheikh Jassim bin Hamad Al Thani.

Ratcliffe is aiming to purchase 60 per cent of United, Sheikh Jassim wants to buy 100 per cent of the club and has committed an extra $1bn (£790m) of investment on top of his $5bn (£3.9bn) bid. But, where has his money come from? MEN Sport taken a look.

ALSO READ: Joel Glazer continues to break his promise to United fans

How did he make his money and what is his net worth?

Sheikh Jassim is a banker and is chair of the Qatar Islamic Bank (QIB). One of the biggest banks in the Middle East, the bank's revenue is thought to come in at $1.7bn.

He is also a member of the Qatari royal family but has vehemently denied his bid is funded by the country. Previously, Sheikh Jassim has also been a board member at Credit Suisse. Despite his role at QIB, his net worth is not clear. His father, Qatari Prime Minister Jassim bin Jaber Al Thani is listed on the Forbes website as being worth $1.2bn (£892m).

While this is lower than most Premier League owners' net worth, Sheikh Jassim's family is believed to have a combined wealth of £275bn. To put this into context, Arsenal's Stan Kroenke is worth $12.9bn (£10.9bn) while Chelsea's Todd Boehly is worth $5.3bn (£4.2bn).

A Manchester Evening News special souvenir edition - Fergie's First - charts United's 1992/93 title-winning campaign and you can get your hands on one here

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