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| Morocco - Princess Lalla Hasnaa |
About
Princess Lalla Hasnaa is the youngest sister of the King Mohammed VI of Morocco. With an estimated net worth of $5.7 billion, according to the latest Forbes survey, Mohammed VI is Africa’s richest monarch. He became king in 1999 and owns stakes in mining, dairy, and banking companies. Mohammed VI is part of the Alaouite dynasty that has ruled Morocco since the 17th century.
Hasnaa heads the Mohammed VI Foundation for Environmental Protection, and she regularly attends international events and meets with world leaders and other influential people, including former U.S. Secretary of State Hillary Clinton. More involved in business than in politics, Hasnaa is part owner of Moroccan real estate and private investment companies.
Political Career
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Leaked Details in the Pandora Papers
The Pandora Papers reveal that Princess Lalla Hasnaa owns a shell company in the British Virgin Islands, Oumaila Ltd. In 2002, the year it was created, Oumaila Ltd. bought a luxury house in West London, according to U.K. property records. The five-bedroom home, which is near Kensington Palace, is valued at nearly $11 million. Hasnaa made the purchase using funds from the “Moroccan Royal Family,” according to the leaked documents, which listed her occupation as “Princess.”
Hasnaa did not respond to questions sent by ICIJ’s media partner, Le Desk, to the Royal Palace.
Secrecy Broker
At the heart of the Pandora Papers are 14 offshore firms that help clients establish companies in secrecy jurisdictions. This profile draws on leaked data from these providers:
1. Trident Trust
Trident Trust is one of the world’s largest offshore providers. It is linked to nearly 100 politicians and public officials identified in the Pandora Papers. Here are some of the top political figures involved.
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