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Sun 24 Jul 2016 10:39 AM

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Saudi billionaire dies weeks after $98m divorce settlement

Walid Juffali had been suffering from terminal cancer, was chairman of EA Juffali & Brothers conglomerate

Saudi billionaire dies weeks after $98m divorce settlement

A Saudi billionaire who was the subject of a successful $98 million divorce claim has died in Zurich.

Sixty-one year old Walid Juffali, the chairman of one of Saudi Arabia’s largest family firms, EA Juffali and Brothers, had been suffering from terminal cancer.

At the beginning of this month, Juffali had been ordered by a British court to pay $98 million) in cash and assets to his supermodel ex-wife in what has been described as the most expensive divorce settlement granted by an English court.

The Telegraph reported that the settlement with former Pirelli calendar girl Christina Estrada, 54, is likely to be delayed.

If Juffali had died before the case had been concluded, Estrada’s claim would have failed, the newspaper said.

Juffali was the son of the late Ahmed Abdullah Al Juffali, who set up EA Juffali & Brothers in Makkah in 1946.

The company has interests in a wide array of sectors, including automotives, chemicals, construction and technology, and has partnerships with the likes of Mercedes-Benz, IBM, Siemens and Dow.

Charles 3 years ago

That amount of money is so insane it's almost laughable. As if I'm over here trying to divorce for under $100. (which actually exists, www.thistoo.co ). Haha, maybe in another life I'll know what's like to work with millions of dollars!