A British court has ordered the ruler of Dubai to pay his ex-wife and their children close to £550 million ($730 million), in one of the most expensive divorce settlements in British history.
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A High Court judge said Sheikh Mohammed bin Rashid Al Maktoum must pay £251.5 million 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.
The total amount the children receive could be more or less than £290 million, depending on factors including how long they live and whether they reconcile with their father.
The settlement includes £11 million a year to cover security costs for Princess Haya and the children while they are minors.
