A UK family court has ordered Dubai’s ruler, Mohammed bin Rashid Al Maktoum, to pay $734 million to his estranged wife, Haya Bint al-Hussein, and their children.
According to Aljazeera, this is the biggest cash award ever handed down by the UK family courts.
Mr. Al Maktoum was instructed by a London judge to pay Ms al-Hussein 251.5 million pounds within three months to compensate security and stolen assets such as jewelry and clothes.
The judge also instructed him to make annual payments of about 11 million pounds towards his child’s academic bills, which will be guaranteed by a 290 million-pound bank guarantee. Backdated payments and a learning fund are also included in the remaining millions.
In a judgment issued Tuesday, Judge Philip Moor ruled that this would provide the princess with a “clean break” from the sheik upon their divorce.
He asserted that the Dubai ruler, who did not testify in the case, had sought the absolutely enormous security penalty against himself after another judge established that he orchestrated the hacking of her and her legal team’s phones.
Because of annual security fees that he must pay directly to his children when they graduate, the total sum the sheik will have to pay to his family is likely to be considerably higher.
In a statement, the sheik stated