The British court has ordered the ruler of Dubai to pay his ex-wife and their children close to 550 million pounds ($730 million), in one of the most expensive divorce settlements in British history.
(Rs 5,527 crore).
The High Court judge said Sheikh Mohammed bin Rashid Al Maktoum must pay 251.5 million pounds to his U.K.-based sixth wife, Princess Haya Bint Al Hussein, and make ongoing payments for their children Jalila, 14, and Zayed, 9, underpinned by a bank guarantee of 290 million pounds. The total amount the children receive could be more or less than 290 million pounds, depending on factors including how long they live and whether they reconcile with their father.
The settlement includes 11 million pounds a year to cover security costs for Princess Haya and the children while they are minors.
It is to be noted that plenty of celebrities have been on the wrong end of a costly divorce settlement. Though each of those settlements were worth tens of millions of dollars, they pale in comparison to the most expensive divorce settlements of all time.
After 27 year of their marriage, the charitable pair announced its surprising divorce news on May 3, 2021. The court documents show the two had a private separation agreement in place, but not a prenuptial agreement and since they shared so much of their professional life together, untangling their assets could be complicated.