$874 million divorce of the Arms Dealer

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Well, divorce is painful, no doubts about that. But what will be the case when you are getting a healthy sum for the separation. Money talks more than the relations sometimes and that’s what has happened in this case. Saudi billionaire Adnan Khashoggi’s 1982 divorce settlement with his UK-born wife, Soraya, is among the priciest battles in history, with reports claiming amounts as high as $874 million. Following their 13-year marriage, Soraya sued her ex for $2.54 billion but walked away with a reported $874 million in an out-of-court settlement.

Lavish villas, perfumed houris, costume balls, fabulous deals with foreign powers and Oriental potentates—Adnan Khashoggi’s life was an eighties remake of The Thousand and One Nights. When the international arms dealer married Soraya, then only 20, in 1961, he was still a man of modest means. During their 13-year marriage, Soraya served as Khashoggi’s business partner and gave birth to five of his children. The marriage ended in 1974 and Khashoggi promised to continue to support his wife and children’s lifestyle.

Adnan Khashoggi is a Saudi Arabian businessman who made all of his fortunes as an international arms dealer for the Saudi royal family. Later on, he began a company by the name of Triad which was based in Switzerland; he owned banks, hotels and real estate practically all over the globe. By 1986, his total fortune was estimated to be around $4 billion. However, a decade later, it was reported that he had lost most of his fortunes due to the deteriorating oil prices. He married Soraya Khashoggi in 1961, and her name was changed to Soraya from Sandra Daly. Conversely, their ever so social rocketing lifestyle privileged a series of adulterous lovers for both of them. By 1982, both of them had enough of all the media watch dogs over their extra marital affairs that a divorce was initiated unanimously by both the parties. The divorce settlement in their case amounted to Soraya getting nearly $872 million.

Khashoggi, estimated to have been worth $4 billion at one point, has since lost his billionaire status. In 2007, the UK’s Daily Mail reported the former Mrs. Khashoggi was earning a living as a florist.

lyricalengineer
I'm a part time blogger, writer and rapper. I love to write about what i like and I am quite creative about it. Passion for music and money is something I can never let down.

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