SUB TRAGEDY

Multi-millionaire who died in Titan sub disaster left his wife almost NOTHING – despite being heir to £1.3bn company

Shazada was worth around £285m and heir to a famous business dynasty

A MULTI-millionaire who died in the Titan sub tragedy left his wife almost nothing despite being the heir to a £1.3billion company.

Shahzada Dawood, 48, was one of five tragic passengers on board OceanGate Expeditions' Titanic submarine, along with his son Suleman, 19.

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Shahzada Dawood and his son Suleman both died in the Titan sub tragedyCredit: AFP
Widow Christine Dawood has been left nearly nothing despite her late husband's fortuneCredit: BBC
The sub imploded on June 18, 2023 and was found five days laterCredit: AFP

Pakistani tycoon Shahzada was married to, and shared two children with, Christine Dawood who works as a coach and psychologist.

He had an estimated net worth of around £285million and was heir to the famous Dawood business dynasty making him a member of one of Pakistan's wealthiest families.

Meanwhile, his family-run company boasts an annual turnover of around £1.3billion.

However, his widow is set to inherit next to nothing after the tragic disaster off the coast of Newfoundland, Canada, on June 18, 2023.

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It has been revealed Shahzada died without a valid UK will, which means he passed down less than £100,000, as reported by the .

The business mogul was the Vice Chairman of Dawood Hercules Corporation, a public investment holding company which invests in solutions for infrastructure, foods, agriculture, and petrochemicals

The organisation has been under the Dawood family for decades with Shahzada joining in 1996.

Shahzada was also the shareholder director of the Engro Corporation and a board member of King Charles III's Prince's Trust charity.

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As a trustee of The Dawood Foundation, Shahzada supported several education initiatives.

But, as the tycoon died without a valid will, a Grant of Letters of Administration was issued to the administrator of the estate.

His £76,958 UK estate was left to wife Christine, who continues to live in their Surrey home.

The Grant of Letters of Administration also notes that Shahzada was domiciled in Pakistan, with most of his fortune tied up overseas.

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