Sheikh Mohammed bin Rashid Al Maktoum net worth, divorce reason

Sheikh Mohammed bin Rashid Al Maktoum net worth, divorce reason

Sheikh Mohammed bin Rashid Al Maktoum (Arabic: محمد بن راشد آل مكتوم‎ ) is the Vice President and Prime Minister of the United Arab Emirates (UAE), as well as the Minister of Defense and Ruler of Dubai. After his brother Maktoum bin Rashid Al Maktoum died in 2006, he became the ruler of Dubai. Princess Haya was the sixth wife of Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum. Haya was granted her divorce, full custody of her children, and alimony and support in the amount of US$720 million in December 2021. The divorce settlement is thought to be the most expensive in British history.  We’re sure you’re eager to learn more about him, right? So, today, we’ll bring you all of the information on him, including Sheikh Mohammed bin Rashid Al Maktoum net worth, divorce reason, wife, and many more:

How much is Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum net worth and earnings?

Sheikh Mohammed bin Rashid Al Maktoum net worth
Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum Source: abc.net

The Emirate of Dubai is ruled by Al Maktoum. Following his brother’s death, he began reforming the UAE’s administration. He is in charge of a number of large companies, including Emirates Airline, DP World, and the Jumeirah Group. Sheikh Mohammed bin Rashid Al Maktoum net worth is reported to be at $14 billion. The ruler of Dubai has amassed a large fortune through his political and business endeavors. He has established himself as a successful businessman and is the driving force behind the establishment of Emirates Airline. The airline has a reputation for being one of the safest and best in the world. 

Also Read: Princess Haya Bodyguard Russell Flowers wife, age, died

Sheikh Mohammed is the vice-president and prime minister of the United Arab Emirates, as well as the ruler of the Emirate of Dubai. He owns a claimed 99.67 percent of Dubai Holding. Similarly, the billionaire is responsible for Dubai’s massive increase in economic assets. He owns a 3,800-acre property in Kentucky and is a significant presence in horse racing. He also paid $460 million for the Ingham stud farm in Australia.

Wealth and assets of Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum

Sheikh Mohammed reportedly held assets worth $14 billion in 2021, according to the Organized Crime and Corruption Reporting Project. Sheikh Mohammed owns the yacht Dubai, which was built by Blohm + Voss in Germany and designed by Andrew Winch of Winch Design in England. The yacht is 162 meters (531 feet) long and can accommodate up to 115 passengers, including crew, as of 2014. The 40-meter (130-foot) Alloya, built by Sanlorenzo in 2013, is another of the Sheikh’s private yachts. Through a Luxembourg-registered corporation, he owns real est ate worth more than 100 million British pounds in the United Kingdom, as well as assets in Rome.

Sheikh Mohammed, according to a 2021 investigation by The Guardian and Transparency International, is one of the UK’s largest landowners, with over 100,000 acres. Because most of the properties linked to him are owned through offshore corporations in the tax havens of Guernsey and Jersey, the exact number of properties is unknown. When asked about the homes, Sheikh Mohammed’s counsel denied that they were purchased through offshore entities or that they were meant to avoid paying UK taxes.

Sheikh Mohammed was a shareholder in three further firms formed in secrecy-friendly nations, according to the 2021 Pandora Papers leaks.

Al Maktoum paid £550m to ex-wife Princess Haya in a divorce settlement

In a divorce settlement, Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum was ordered by the High Court to pay ex-wife Princess Haya £550 million. Haya was given the desired divorce, full custody of her children, and alimony and support in the amount of US$720 million in December 2021. It is thought to be the most costly divorce settlement in British history.

Sheikh compensates her for goods lost as a result of the divorce, makes a one-time payment of £251.5 million for the upkeep of her residences in the UK, contributes £3 million to their children’s education, and pays £9.6 million in arrears.

Who was Sheikh Mohammed bin Rashid Al Maktoum 6th wife Princess Haya bint Hussein?

Sheikh Mohammed bin Rashid Al Maktoum 6th wife
Sheikh Mohammed bin with 6th wife Princess Haya bint Hussein Source: Nepalpress

Sheikh Mohammed is said to have married at least six times. Princess Haya bint Hussein, daughter of Jordan’s King Hussein and half-sister of Jordan’s King Abdullah II, was Mohammed’s sixth wife. Haya attended private schools in the United Kingdom and attended Oxford University to study philosophy, politics, and economics. She became Jordan’s first female truck driver at the age of 19 and is just as happy being photographed in jeans as she is in the exquisite gowns she wore to court, which is unusual for an Arab princess.

The pair married on April 10, 2004. The wedding ceremony took place in Amman’s al-Baraka Palace. Princess Haya gave birth to her first child, Sheikha Al Jalila bint Mohammed bin Rashid Al Maktoum, on December 2, 2007 in Dubai. Her 2nd child Zayed bin Mohammed bin Rashid Al Maktoum born on 2012. She also accompanied the sheikh to international social events on a regular basis, earning them the title of “ideal pair.” That notion was shattered when she fled to the UK with their two children, now aged 12 and 7, in the spring of last year, setting the stage for a bitter high court battle. On December 2021, finally their dive 

Sheikh Mohammed Princess Haya divorce reason

In Dubai, Russell Flowers served as Princess Haya’s bodyguard. Sheikh, according to sources, does not believe they have been together for years. When he paid a surprise visit to her London residence, where they were spotted together, his suspicions were confirmed. Sheikh and Haya’s four-year marriage ended after Sheikh learned the horrible truth about his princess Haya, according to sources.

On December 21, 2021, the High Court ordered Mohammed to pay Haya a £251.5 million lump sum payment, as well as £5.6 million per year for each of their two children and a £290 million upfront payment as a guarantee. He also took down an internet poem titled “You Lived, You Died,” which Haya had deemed a threat.

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