[Super Rich] World's Richest Tycoon 'Mansur Family', "US Stocks Will Fall"

Betting on Stock Declines Amid US Recession Outlook
Increased Investment in Commodities and Cryptocurrency

Editor's Note'Stand on the shoulders of giants.' This is one of the widely known investment adages. By paying attention to the eyes and mouths of the super-rich, you can see the direction of money. We deliver everything interesting about the investment trends, words, interests, and movements of the big players who move the global markets. We also deliver news that would interest investors who are currently salaried workers but dream of financial freedom. Please pay attention to the Super Rich corner, which contains vivid global investment news.

The Royal Group, the investment company of the Abu Dhabi royal family of the United Arab Emirates (UAE), considered one of the world's richest, has bet on a decline in U.S. stocks due to concerns about a global recession. Meanwhile, it has expanded its investment proportions in commodities and cryptocurrencies.

On the 10th (local time), Bloomberg News, citing sources, reported that the Royal Group reduced its proportion of U.S. stocks in its investment portfolio and increased its holdings in U.S. short-term government bonds.

The Royal Group reportedly built a 'short (sell)' position worth billions of dollars (approximately trillions of Korean won) in U.S. stocks at the beginning of the year, anticipating a decline in the U.S. stock market. However, the specific stocks or sectors shorted have not been disclosed.

Until the second half of last year, the company planned to invest up to $10 billion (approximately 13.3 trillion KRW) in U.S., European stocks, and other assets. It realized some profits from U.S. investments by the end of last year. However, following the collapse of regional U.S. banks such as Silicon Valley Bank (SVB) in March and the deepening outlook for a global economic slowdown, it shifted toward betting on stock price declines.

Bloomberg, citing experts, predicted that if credit tightening due to the banking crisis, high oil prices, inflation, and slowing growth persist, a U.S. recession could arrive earlier than expected, possibly around July. In this situation, the Royal Group is reportedly seeking opportunities to profit in a volatile market through short selling, the media reported.

Bloomberg stated, "They (the Royal Group) are currently revising their stock purchase list," adding, "If valuations improve and the Federal Reserve signals preparations for interest rate cuts, they will increase their exposure to U.S. stocks."

Chairman Shake Tanoun Bin Zayed Al Nahyan Royal Group

The Royal Group is the investment company of the Abu Dhabi royal family in the UAE, managing the royal family's wealth. According to the Bloomberg Billionaires Index, the Abu Dhabi family's net worth was at least $300 billion (approximately 400 trillion KRW) as of the end of last year, surpassing the Walton family, owners of Walmart, who had been the richest family globally for years with $225 billion (approximately 300 trillion KRW). The family owns various assets such as the Manchester City football club, Ch?teau de Bayeux in northern Paris, and real estate in Berkeley Square, London, but foreign media analyze that the core is investment companies like the Royal Group, which employs 27,000 people across sectors from finance to robotics.

The UAE boasts massive oil money, holding 6% of the world's oil reserves. The Abu Dhabi royal family is evaluated to have elevated the family's wealth to a new level through vigorous investments based on oil money. They have aggressively invested across various fields, including singer Rihanna's clothing brand, big data, fast food, and Elon Musk's SpaceX.

Among these, the Royal Group, considered the core investment company, is led by Sheikh Tahnoun bin Zayed Al Nahyan, the brother of Sheikh Mohammed bin Zayed Al Nahyan, the UAE president and ruler of Abu Dhabi. He is also the older brother of Sheikh Mansour bin Zayed Al Nahyan, well known in Korea as a Middle Eastern tycoon. Sheikh Tahnoun is not only the chairman of the Royal Group but also the chairman of the Abu Dhabi Investment Authority, the UAE sovereign wealth fund managing assets worth $790 billion (approximately 1,050 trillion KRW), rapidly emerging as the most powerful businessman in the Abu Dhabi royal family.

Bloomberg evaluated, "In a situation where funds are drying up in global financial markets, the Royal Group is rapidly emerging as an influential player in the global financial market," adding, "The Royal Group is becoming a key means for the Gulf oil-rich countries' diversification strategies."

This content was produced with the assistance of AI translation services.