How Rich? Well....In the Uber-Lavish Style to Which They've Become Accustomed
How Rich? Well.....In the Uber-Lavish Style to Which They've Become Accustomed
"[I will] do my best to come to a conclusion as to what is reasonable, while remembering that the exceptional wealth and remarkable standard of living enjoyed by these children during the marriage takes this case entirely out of the ordinary."Justice Moor, British High Court"Some of those figures on the trampolines the strawberries, the ponies -- would be absolutely shocking to average Emiratis or even expats, but the royals in Dubai bring ridiculous spending to a whole different level.""I'd see it a lot. It wasn't uncommon for them to have tigers and leopards and monkeys just hanging around in their gardens, or they'd just change their cars every few days because they felt like it.""It's the opposite [that some aristocrats or royals living elsewhere try to screen high-spending addiction from the public] -- if you did that it would be seen that you're not successful, that you're somehow down on your luck.""So you've got to have the best of the best."David Haigh, British human rights lawyer
Sheikh Mohammed Bin Rashid Al-Maktoum and his estranged wife, Princess Haya Bint Al-Hussain Reuters |
For
the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum's former wife
Princess Haya Bint al Hussein, the best-of-the-best is yawningly
ordinary. "Household spending" to those rich as Croesus -- the legendary
icon of untold wealth, reputed to have been the richest man on Earth --
comes to a neat $142.7 million annually. This refers not to the
purchase of a sumptuous mansion-cum-palace, but the upkeep of said
palace. And the two children of the royal pair must have a special
trampoline; one that is built deeply inground, like a pool, the cost of
which is $69,000. Oh and incidentally, allowance for a nine and 14
year-old each comes to a miserly $1.72 million annually.
That
old slough-off of 'money is no object'? Well, it applies in spades to
oil-wealthy royalty in the Middle East who it seems cannot spend the
windfalls of energy exports fast enough or fully enough. For a lifestyle
that the judge weighing the absolute minimum needs of a divorced wife
and the offspring of a dissolved marriage of the ruler of Dubai,
described as "truly opulent and unprecedented standard of living enjoyed by these parties". Yes, indeed!
How
does $8.77 million annually for holidays, a paltry $1.72 million on
leisure activities, $5.16 million to renovate an English country home
every ten years, $3.26 million for an extension to a kitchen and
addition of piza oven strike you? And why on Earth would a married
couple with that kind of disposable income decide to call their marriage
quits when each could live in a separate palace at a second's whim for
relief from too-close contact?
Zabeel Palace, Dubai, Sheikh Mohammed |
Ah
well, Sheikh Mohammed lost his temper when Princess Haya had a fling
with her bodyguard. So incensed was the cuckold that his wife fled the
near geographic vicinity with children Jalila, 14, and Zayed, nine to
London three years ago. The good judge found in Princess Haya's favour
in a divorce settlement totalling $952.2 million. There remains some
uncertainty whether the settlement will in fact fulfill Princess Haya's
needs in upholding her living standards.
After
all, Sheikh Mohammed has wealth in the stratosphere, his riches valued
around $17.9 billion, making his obligation to pay his ex-wife and their
two children under a billion in living expenses rather niggardly. In
1979 his first marriage to Sheika Hind bint Maktoum bin Juma Al Maktoum
-- mother of a dozen of the Sheikh's thirty children -- was quite the
public event in Dubai. He had a 20,000-seat stadium built for the
occasion, a five-day extravaganza with a total cost of around $127
million.
The
two offspring of this ill-fated marriage can be guaranteed they will
never know squalid poverty living out of their $17 million annual
allowance. This is a lifestyle shared by others in the oil-rich Middle
East. Qatar's second in line to the throne, 30-year-old Sheikh Khalifa
bin Hamad bin Khalifa al-Thani, for example, used Los Angeles' Beverley
Wiltshire hotel as his student lodgings while attending the University
of Southern California.
"From the moment al-Thani stepped off the plane, an entire economy quickly grew up around him to meet his wishes and whims", including drivers, security, fixers and, university faculty members reveal, "a graduate student who served as his academic 'Sherpa',"
according to a Los Angeles Times investigation. And then there is the
Saudi prince who reserved 80 individual seats on an Emirates plane for
his falcons.
And
not to be overlooked; Mohammed Bin Salman, crown prince and now de
facto ruler of Saudi Arabia, proud owner of the most costly home in the
world, a $395-million French chateau. Owner as well of the world's most
expensive artwork, a painting of Leonardo da Vinci's Salvator Mundi,
purchased at Christie's for $576 million, displayed for his delectation
on his superyacht.
The superyacht Pegasus VIII in all its glory Getty |
Labels: Luxurious Lifestyle, Middle East, Oil Wealth, Super-Rich
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