Dubai Ruler must pay ex-wife $700M in divorce settlement

Dubai Ruler must pay ex-wife $700M in divorce settlement

It's one of the most expensive divorce settlements in British history.

A 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.

A 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.

In a November ruling that was made public Tuesday, Judge Philip Moor said the family needed “water-tight security,” and that “absolutely uniquely,” the main threat to them came from Sheikh Mohammed, rather than outside sources.

Haya, 47, fled to the U.K. in 2019 and sought custody of her two children through the British courts. The princess, who is the daughter of the late King Hussein of Jordan, said she was “terrified” of her husband, who is alleged to have ordered the forced return to the Gulf emirate of two of his daughters.

The long battle in Britain’s family courts has disclosed personal and financial details about the powerful but publicity-shy Gulf royals who are among the world’s wealthiest people. Sheikh Mohammed, 72, is also the vice president and prime minister of the United Arab Emirates, of which Dubai is a part, and a major horse breeder. The founder of the successful Godolphin horse-racing stable, he is on friendly terms with Queen Elizabeth II.

Haya, a graduate of Oxford University, is also a keen equestrian and competed in show jumping for Jordan at the 2000 Sydney Olympics.

In evidence to the court, Princess Haya said she had paid 6.7 million pounds to four of her security staff who blackmailed her over her affair with a bodyguard, selling jewelry and taking money from her daughter’s bank account to get the funds.

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After learning of the affair, Sheikh Mohammed published a poem titled ’You Lived; You Died,” which Princess Haya interpreted as threatening.

The divorce bill eclipses the 450 million pound settlement awarded Tatiana Akhmedova in her 2016 split from Russian billionaire Farkhad Akhmedov, at the time cited as Britain’s most expensive divorce.

The settlement includes a holiday budget of 5.1 million pounds, an annual sum of just over 450,000 pounds for the children’s staff and around 275,000 pounds for their animals, including two ponies and a horse. Haya was awarded millions to compensate for property lost when she left Dubai, including 13.5 million pounds for jewelry and what the judge called “the relatively modest sum” of 1 million pounds for clothes.

It is possible, but rare, for financial divorce settlements to be appealed in England.

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