One of the richest men on the planet just suffered a pretty large dent in his wallet.
Horse racing mogul Sheikh Mohammed has been ordered to pay his ex-wife a whopping $1 billion as the couple finally go their seperate ways.
The hefty payment is actually Britain's biggest ever divorce settlement, surpassing the $830 million awarded to Tatiana Akhmedova following her split from Russian businessman Farkhad Akhmedov.
Advert
Various reports suggest Sheikh Mohammed's estimated worth is around $5.5 billion.
It's understood the rulers of Dubai split up back in 2019, having been married for 16 years.
Now 72-year-old Mohammed - who is also the boss of global horse racing company Godolphin - has had a 73-page court document slid onto his desk, telling him to cough up an extortionate amount of cash.
Advert
To break it down, Princess Haya - who is 25 years younger than her ex-husband - will receive $465 million up front as well as $540 million which covers costs for their children until they are adults.
Plus there's a load of other annual multi-million-dollar payments which covers anything from staff to animals.
Interestingly, the Princess has also been awarded a cushty $9 million extra to purchase some race horses of her own, seeing as though she's an Ascot regular after all.
As Dubai rulers, the High Court documents revealed just how lavish their lifestyle was.
Advert
The Princess was reportedly given $150 million a year for household spending alone, while the Sheikh's kids were granted unprecedented access to his $560 million super-yacht and custom Boeing 747 airplane.
She even spent $3.7 million on strawberries in one summer alone.
Featured Image Credit: AlamyTopics: Racing, Dubai, Betting, Horse Racing, Australia, Racing, Dubai, Betting, Horse Racing, Australia, Racing, Dubai, Betting, Horse Racing, Australia