Dubai ruler to pay $700 million in divorce settlement; all you need to know about most expensive deal in British legal history

In what is thought to be the highest divorce settlement set by an English court, a British court has ordered the ruler of Dubai to pay his ex-wife and their children close to 550 million pounds ($730 million). A High Court judge said Sheikh Mohammed bin Rashid Al Maktoum must pay 251.5 million pounds to his UK-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. A spokesman for Sheikh Mohammed said in a statement that the ruler “has always ensured that his children are provided for. The court has now made its ruling on finances and he does not intend to comment further.” What is the case about? 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 UK 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. After learning of the affair, Sheikh Mohammed published a poem titled ‘You Lived; You Died," which Princess Haya interpreted as threatening. A separate British family court judge ruled in October that Sheikh Mohammed had authorised the hacking of Princess Haya’s phone during their legal battle. Judge Andrew McFarlane said the sheikh gave his “express or implied authority” to hack the phones of the princess and her attorneys using Pegasus spyware produced by NSO Group of Israel, the court said. The software is licensed exclusively to nation states for use by their security services. Sheikh Mohammed denied knowledge of the hacking. Judge Philip Moor in his divorce settlement ruling said that Sheikh Mohammed had “accepted that his wealth was sufficient to meet any reasonable order”. McFarlane earlier ruled that Sheikh Mohammed had conducted a campaign of fear and intimidation against his estranged wife and “ordered and orchestrated” the abduction and forced return to Dubai of two of his adult daughters: Sheikha Shamsa in August 2000 and her sister Sheikha Latifa, in 2002 and again in 2018. Other divorce settlements  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 case was held behind closed doors in the Family Division of the High Court of England and Wales. 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. With inputs from AP Read all the  Latest News ,  Trending News ,  Cricket News ,  Bollywood News ,  India News  and  Entertainment News  here. Follow us on  Facebook,  Twitter and  Instagram.