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The Ruler Of Dubai Just Dropped Millions Of Dollars On Horses


sheikh mohammed bin rashid al maktoum horse

Dubai ruler and known equestrian enthusiast Sheikh Mohammed bin Rashid Al Maktoum spent more than $10 million at this year's Tattersalls yearling auction in England, helping push the annual auction to a record high.

The Sheikh bought 25 yearlings in total, according to Bloomberg.

The spending spree comes just a month after Royal Bank of Scotland and two other banks sued the Sheikh's investment group over a $10 billion pile of debt.

Sheikh Mohammed is the world's biggest owner of race horses, according to Bloomberg. In addition to a massive stable, he is the owner or part owner of several racing operations, including Darley and Godolphin.

SEE ALSO: The Ridiculous Life Of The Crown Prince Of Dubai

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