A MULTI-MILLIONAIRE who died in the Titan submarine tragedy left his wife next to nothing despite inheriting a £1.3 billion company.
Shahzada Dawood (48) was one of the five tragic passengers on the OceanGate Expeditions Titanic submarine, along with his son Suleman (19).
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Shahzada Dawood and his son Suleman died in the tragedy of the submarine TitanCredit: AFP
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Widow Christina Dawood is left with next to nothing despite her late husband’s fortuneCredit: BBC
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The submarine exploded on June 18, 2023 and was found five days laterCredit: AFP
Pakistani tycoon Shahzada was married to Christine Dawood, who works as a trainer and psychologist, with whom he shared two children.
He had an estimated net worth of around £285 million and was the heir to the famous Dawood business dynasty, making him a member of one of Pakistan’s richest families.
Meanwhile, his family business boasts an annual turnover of around £1.3 billion.
However, his widow will inherit almost nothing after the tragic disaster off the coast of Newfoundland, Canada on June 18, 2023.
Read more about the Titan submarine
It has been revealed that Shahzada died without a valid will in the UK, meaning he left less than £100,000, as reported by MailOnline.
The business mogul was the vice chairman of Dawood Hercules Corporation, a public investment holding that invests in infrastructure, food, agriculture and petrochemical solutions.
The organization was under the Dawood family for decades and Shahzada joined it in 1996.
Shahzada was also a shareholder director of Engro Corporation and a board member of King Charles III’s Prince’s Trust.
As a trustee of the Dawood Foundation, Shahzada supported several educational initiatives.
However, as the tycoon died without a valid will, the manager of the estate was issued a Management Administration.
He left his UK estate, worth £76,958, to his wife Christine, who continues to live at their home in Surrey.
The Grant of Letters of Administration also states that Shahzada was domiciled in Pakistan, with most of his wealth tied up abroad.
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Shahzada had an estimated net worth of around £285 million and was the heir to the famous Dawood Zasluge business dynasty: AP
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Suleman, 19, was not supposed to be on the submarine, but his mother switched seats with himCredit: AP
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The couple met at the University of Reutlingen in GermanyCredit: Facebook
Christine told The Mail last year: “The moment we knew they had found the wreckage and there were no survivors, Alina and I went on deck.
“I turned to her and said, ‘I’m a widow now. She said, ‘Yes, I am a child too.’ Then we cried even more.
“No parent should have to grieve for their child. It’s unnatural. Suddenly your purpose, your identity, is ripped from you.”
The heartbroken mother and daughter traveled to Singapore to say goodbye by the ocean, which Christine called a “gift”.
“The sea was warm enough for us to go in and I really felt them around me. It was very, very cathartic,” she added.
Her late son Suleman (19) was born in 2004 in Karachi, Pakistan.
He was raised in Karachi and London and studied business at the University of Strathclyde in Scotland before his death.
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The damaged wreckage was found a few days after the submarine disappeared
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The footage showed subterranean debris on the ocean floor with cables protruding from it
Principal Professor Sir Jim McDonald issued a statement saying the university was “shocked and deeply saddened” by the deaths of Suleman and his father.
Shahzada’s sister Azmeh Dawood said her nephew was “not really in favor” of the trip and felt “terrified”, but added that he felt compelled to please his father.
Suleman was never actually supposed to be on the submarine, as his mother originally had a seat.
But she let the teenager go instead because he was fascinated by the Titanic after completing a 10,000-piece Lego model.
How the Titan tragedy unfolded
by Katie Davis, Chief Foreign Correspondent (Digital)
FIVE men have dived below the surface of the North Atlantic in a hand-built submarine in an attempt to investigate the wreck of the Titanic.
Four passengers paid £195,000 each to enter the submarine and the fifth member of the trip was a crew member.
But what should have been a short journey turned into days of agony when the doomed Titan disappeared without a trace on June 18, 2023.
The daring mission was months in the making – and almost didn’t happen due to harsh weather conditions in Newfoundland, Canada.
In a now chilling Facebook post, passenger Hamish Harding wrote: “Due to Newfoundland’s worst winter in 40 years, this mission will likely be the first and only manned mission on Titanic in 2023.
“The weather window just opened and we’ll try diving tomorrow.”
It would be his last post on Facebook.
The next morning, he and four others—led by Stockton Rush—began their 12,5000-foot descent toward the Atlantic floor.
But as it descended into the depths, the ship lost all contact with its parent ship on the surface, the Polar Prince.
It sparked a frantic four-day search for signs of life, and the search spanned the entire world.
There was hope that by some miracle the crew was alive and desperately waiting to be rescued.
But it sparked fears that rescue teams faced a race against time as the passengers only had a 96-hour supply of oxygen when they set out, which would run out fast.
Then, when a cracking sound was detected underwater, it raised hopes that the victims were trapped and signaled that they needed to be rescued.
The pounding sounds turned out to be likely ocean sounds or from other search ships, the US Navy determined.
Countries around the world committed their resources to help with the search, and within days the Odysseus Remotely Operated Vehicle (ROV) was sent down to the site of the Titanic’s ghostly wreckage.
The plan was to hook the ROV to the submarine and raise it 10,000 feet, where it would rendezvous with another ROV before heading to the surface.
But all hopes of a phenomenal rescue were dashed when Odysseus encountered a wreck about 1,600 feet from the Titanic.
The rescue mission tragically turned into a rescue mission, and devastating news was delivered to the devastated families of those on board.
The US Coast Guard confirmed that the submarine had suffered a “catastrophic implosion”.
Heartbreakingly, he took his Rubik’s Cube with him, which he could solve in 12 seconds, as he hoped to break the world record for solving the puzzle at the greatest depth.
Shazada and his son Suleman were two of the five passengers on the doomed submarine.
All five – including OceanGate founder Stockton Rush, British billionaire Hamish Harding and French Titanic expert Paul-Henri Nargeolet – died.
Rescuers rushed ships, planes and other equipment to an area about 435 miles (700 kilometers) south of St. John’s, Newfoundland, when it was reported that the submarine was running late.
The Titanic’s wreckage was then discovered on June 22, approximately 330 yards (300 meters) from the Titanic’s bow, according to Coast Guard officials.]
The OceanGate operator said five “genuine explorers” were “unfortunately lost”.
The submarine exploded just meters from the Titanic, killing the crew in “milliseconds”.
Rear Admiral John Mauger, of the US Coast Guard, said the debris was “consistent with a catastrophic loss of pressure chamber”.
As part of the investigation into the tragedy, terrifying new footage of the deep-sea rescue mission to recover the wreckage of the Titan has been released.
The disaster has sparked a global debate about the future of private undersea exploration.
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Stockton Rush, CEO of OceanGate Expeditions, was killed in the explosionCredit: CBC
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Terrifying footage of deep sea rescue mission released Credit: US COAST GAURD/UNPIXS
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Rescuers rushed ships, planes and other equipment to an area 435 miles south of St. John’s, NewfoundlandCredit: AFP
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