WRONG, "President Michelle Bachelet of Chile" was the answer.
Next Question:

Sweet shades, Mohammed! Which of the following statements about this dude IS NOT true?
  1. His name is Mohammed bin Rashid Al Maktoum
  2. He is the ruler of Saudi Arabia
  3. He is from the UAE
  4. He is a billionaire many times over
  5. He is the Prime Minister of his country