
Sheikh that owns Qatari jet gifted to Trump embroiled in $20M luxury hotel spat
A Boeing 747-8 jet that has been dubbed a 'flying palace' is owned by the Qatari royal family.
It still carries the initials of one of its leading members — Qatar's former prime minister Sheikh Hamad bin Jassim, also known as HBJ, in its tail number, aviation records show.
Advertisement
8 President Donald Trump was in Qatar on Wednesday where he felt heat for agreeing to accept a donated Qatari plane to become the next Air Force One presidential jet.
APAImages/Shutterstock
The 66-year-old royal — worth an estimated $4 billion according to Forbes — has been branded the 'Thief of Doha' by a Washington think tank, and allegedly brought senior members of Hamas to the Qatari capital.
He was accused by the DOJ of presiding over bribery and corruption when he led the bid to bring the 2022 World Cup to Qatar.
HBJ also drew controversy last year over an antisemitic tirade in an interview with Kuwati media outlet Al-Qabas.
Advertisement
'Imagine oil was sold by some Jews…what would be the price of a barrel oil? It would be the most expensive thing in the world,' the former Qatari PM was quoted as saying.
Meanwhile, HBJ is now facing a fresh lawsuit from Irish property developer Paddy McKillen, who owns the Church of Oak whiskey distillery 40 miles southwest of Dublin with Irish rock legend Bono of U2.
The Belfast-born hotelier has accused the Gulf state's monarchy in Los Angeles federal court of 'a lawless plot' to rip him off after he masterminded the expansion of a string of five-star hotels.
Advertisement
The complaint, filed late last month, focuses on a claim that three Qatari royals led by HBJ tricked McKillen and his firm Hume Street Management Consultants (HSMC) into spending 'significant resources' under 'false pretenses' to upgrade four upmarket properties.
The civil suit for $20 million in damages and interest is being brought under the Racketeer Influenced and Corrupt Organizations Act, or RICO, anti-Mafia legislation drawn up in 1970 under President Richard Nixon.
8 Britain's Guardian newspaper once dubbed HBJ, seen here with ex-UK PM David Cameron, as 'the man who bought London' after Qatar's sovereign wealth fund snapped up Harrods, London's Olympic Village and the Shard.
Reuters
8 The plane, owned by the Qatari royal family, has been dubbed 'a flying palace,' and its tail number carries the initials of HBJ, the ex-PM of the Gulf Nation.
YouTube/Spotti Flight
Advertisement
Once a project had been completed, the lawsuit alleges that HBJ and his two relatives, Qatar's former Emir, Sheikh Hamad bin Khalifa and the current Emir's sister, Sheikha Lulwah bint Hamad Al Thani, refused to pay up.
It said the royal trio 'systematically stonewalled Mr. McKillen and HSMC, refusing to compensate them for many millions of dollars in services in bad faith.'
The Post reached out to the Qatari government for comment.
8 This image, posted in 2020, shows the ornate and lavish decor that appears to have caught teh commander-in-chief's eye as he looks to replace the ageing Air Force One plane that the White House currently uses.
YouTube/Spotti Flight
Michael Gottlieb, a partner at Willkie Farr & Gallagher law firm, who is representing the hotelier, accused the Qatari royals of believing 'they were above the law because of their wealth and power.'
'Mr. McKillen will not be cowed, and will pursue this suit until the defendants pay what his company rightfully earned,' he told The Post.
McKillen sold his majority stake in the Maybourne Hotel Group in 2015 to a company controlled by the ex-PM, the lawsuit states, but he stayed on in a property development role with the firm.
The court documents claim that McKillen would continue to receive a 'deferred payment' for 'any net increase in the value of the Maybourne Hotel Group' over a period ending in April 2022.
Advertisement
8 McKillen is a business partner of Bono, the Irish rockstar and U2 frontman.
PA Images via Getty Images
8 McKillen and U2 frontman Bono own a whiskey distillery near Dublin, Ireland.
Eric Kowalsky / MEGA
They allege that McKillen 'continued to manage and redevelop the Maybourne hotels, at the direction of the Qatari Royals' and even developed an entirely new property, The Emory, an all-suite hotel close to the British capital's Hyde Park that features designs from artist Damien Hirst, according to the same source.
His legal team alleges that the Qataris then 'refused to compensate Mr. McKillen or HSMC for nearly all their efforts and absconded with their vision and hard work, essentially free of charge.'
Advertisement
The two sides fell out, the lawsuit alleges, when McKillen was 'removed, without warning or reason, from Maybourne Hotels Limited's board of directors on April 1, 2022.'
'These schemes to defraud their business partner and his company for, put crudely, free labor are part of a years-long pattern of illegal racketeering orchestrated by the Qatari Royals, and are in line with a history of illicit, lawless actions,' the lawsuit states.
8 Beverly Hills City Councilmember John A. Mirisch, a former mayor of the city, was the first politician to hit out at Maybourne owner Hamad bin Jassim's anti-semitic remarks.
McKillen alleges that he was drafted in by the Qataris to overhaul the Maybourne Riviera hotel in 2018 in Roquebrune-Cap-Martin, France, close to Monaco, and a five-story, $47 million Manhattan mansion owned by HBJ.
Advertisement
The former Qatari prime minister bought the 22,000 square-foot townhouse on East 71st Street in 2012 from the billionaire real estate tycoon Aby Rosen.
The following year, his attorneys claim, they asked him to work on the redevelopment of the historic Parisian Îlot Saint-Germain building, which is set to open as a Maybourne hotel in 2027, and the Maybourne Beverly Hills hotel in 2019.
8 McKillen also worked on top London hotels, including the Connaught in the British capital's upmarket neighborhood of Mayfair.
SOPA Images/LightRocket via Getty Images
McKillen also worked on two properties in London's upmarket neighborhood of Mayfair: the Connaught and Claridge's, where penthouse suites can go for nearly $80,000 a night.
Advertisement
Claridge's is a hotspot for the British elite as it is where the late Queen Elizabeth II hosted a wedding reception for the then-Prince Charles and Princess Diana in 1981.
Work done on those properties does not feature in the Los Angeles legal complaint, but the millionaire investor has also filed claims in the UK and France.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Brazil egg exports to US spike after bird flu, ahead of tariff
SAO PAULO (Reuters) -Brazilian total egg exports, including fresh and processed products, rose almost 305% to 5,259 metric tons in July, reflecting strong demand from the United States after its bird flu outbreak, according to data compiled by industry group ABPA on Monday. The U.S. turned to Brazil after bird flu reduced domestic egg supplies, raising prices and inflation. However, President Donald Trump imposed a 50% tariff on Brazilian goods, including eggs, on August 6. In the first seven months of 2025, the U.S. was the main destination for Brazilian egg exports, with 18,976 tons shipped there in the period, representing a 1,419% rise and almost $41 million in sales, ABPA said. Despite strong U.S. demand for egg imports, the tariff on Brazilian food imports, including coffee, beef, and eggs, risks reducing trade. ABPA said it could not predict the impact of tariffs on the egg trade yet. "There exists the possibility of maintenance of the (trade) flow, as North American demand remains high in the face of the shortage of the product," Ricardo Santin, head of ABPA, said in the statement. Other major buyers of Brazilian eggs included Chile, Japan, and Mexico, the data showed. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26 minutes ago
- Yahoo
I'm an Economist: This Is Where the Middle Class Stands 6 Months Into Trump's Presidency
Six months into President Donald Trump's second term, economists say the middle class is holding steady but facing mounting pressure. For You: Read Next: Inflation remains elevated, new tariffs are raising prices on everyday goods and wage growth has slowed. As a result, many households are cutting back, saving more and delaying major financial decisions. GOBanking Rates spoke with two economists to understand where the middle class stands now and how today's economic trends could shape their financial future. Inflation and Tariffs Are Squeezing Budgets Middle-class households are under pressure from persistent inflation and new tariffs. Even with inflation holding around 3.5%, rising prices on everyday goods are forcing tough decisions. The latest round of tariffs, implemented under Trump's renewed trade agenda, has added to the squeeze. 'Middle-class households are adapting through pragmatic trade-offs, cutting discretionary spending while favoring value-based purchasing as they navigate 3.5% annual inflation, rising tariffs on key imports and a cooling but still tight labor market,' said Sean Jasso, economist at Pepperdine University. Check Out: Households Are Delaying Big Purchases and Saving More In response to economic uncertainty, many middle-class families are shifting their financial behavior, such as cutting back on large expenses and increasing their savings. 'We're seeing a cautious shift where middle-class families are increasing savings rates back to 5% while pulling back on big-ticket items and delaying investments,' Jasso said. The shift in behavior reflects growing uncertainty under Trump's economic agenda. Wayne Winegarden, economist at the Pacific Research Institute, said that some families may have accelerated spending earlier this year to get ahead of rising costs. 'That relief comes at the expense of future growth,' he added. Why Middle-Class Incomes Aren't Keeping Up Economic growth has been weak in the early part of 2025 and income gains aren't keeping pace with inflation. In addition, economists noted that the Trump-era deregulation and entitlement reform could exacerbate these long-term risks. 'The latest jobs report shows that the employment market has been weak, inflation continues to persist and inflation-adjusted disposable income is growing slowly,' Winegarden said. 'Broad-based economic growth for the first half of the year is weak.' Winegarden said recent economic trends under the Trump administration point to continued pressure on working households. 'While the data is backward looking, the rising tariffs and growing business uncertainty portend continued problems for the middle class going forward, especially with respect to the cost of living,' he added. 'Taken as a whole, these trends indicate that the middle class is barely holding on and is likely losing ground economically, a pessimistic story to be sure.' Wealth Gaps and Retirement Security Are Top Concerns Even as middle-class families adapt in the short term, economists are watching deeper trends that could impact long-term financial stability, particularly those related to wealth inequality and retirement planning. These issues have become more urgent as the Trump administration continues to emphasize market deregulation and entitlement reform, according to the White House. 'The most critical trend is the growing concentration of wealth, where the top 10% now control 66% of household net worth,' Jasso said. 'This raises long-term concerns over retirement security and upward mobility for the broader middle class.' Winegarden said weaknesses in the housing market and underfunded pensions pose long-term risks for the middle class. 'Much of a middle-class family's wealth is in real estate,' he said. 'The current weakness in the market and regulatory burdens are disconcerting.' In addition, Winegarden said that underfunded public pensions and Social Security could trigger a major funding crisis without reform. What Middle-Class Households Should Watch Next As economic pressures continue, experts advise middle-class households to pay close attention to federal policy changes, particularly those affecting trade and interest rates, as reported by Reuters. Both are central pillars of Trump's second-term economic strategy and even small shifts could ripple through household budgets. 'Middle-class households should stay attuned to how policy shifts, especially on interest rates and trade, directly impact their cost structures and savings capacity in ways that are often underestimated,' Jasso said. With affordability challenges still in place, small policy changes can have a significant impact on financial stability, especially for families already operating on tight margins. 'Going forward, there will not only be the inevitable payback from the accelerated consumption, but families will also now have to face the higher costs,' Winegarden said. 'The result will be continued economic weakness.' Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 5 Old Navy Items Retirees Need To Buy Ahead of Fall How Much Money Is Needed To Be Considered Middle Class in Your State? This article originally appeared on I'm an Economist: This Is Where the Middle Class Stands 6 Months Into Trump's Presidency Sign in to access your portfolio
Yahoo
26 minutes ago
- Yahoo
Will Trump get Putin to agree to a Ukraine ceasefire on Friday?
As Donald Trump and Vladimir Putin prepare to meet in Alaska to discuss an end to the Ukraine war, experts have expressed doubts over long-lasting peace. Donald Trump is set to meet Russian president Vladimir Putin in Alaska on Friday (15 August) to attempt to negotiate an end to the three-and-a-half-year war in Ukraine. The White House has said it is "open" to a three-way meeting including Ukrainian president Volodymyr Zelensky, but that - for now - a bilateral meeting would be held between the US and Russia. It will mark the first time a US president has met Putin since Joe Biden held talks with him at a summit in Geneva in 2021. Now, European ministers are preparing for their own discussions amid fears that Washington may dictate terms that are unfavourable to Ukraine, which has already said it won't cede territory to its neighbour. UK prime minister Sir Keir Starmer has said "any peace must be built with Ukraine, not imposed upon it", adding that Britain and other European leaders "will not reward aggression or compromise sovereignty". Meanwhile, experts have told Yahoo News that Putin will not give up his territorial ambitions in Ukraine easily and that he is willing to wage a "protracted war" to get what he wants. Here's what has been said so far about the upcoming talks and the likelihood of a ceasefire being reached. What has Russia said? Senior Putin aide Yuri Ushakov has said Trump and the Russian president would be focusing on "discussing options for achieving a long-term peaceful resolution to the Ukrainian crisis". "This will evidently be a challenging process, but we will engage in it actively and energetically," the Kremlin foreign policy adviser said. In a post on Telegram on Saturday, Russia's investment envoy Kirill Dmitriev forewarned that other nations would attempt to use "provocations and disinformation" to undermine the talks. "Undoubtedly, a number of countries interested in continuing the conflict will make titanic efforts to disrupt the planned meeting between President Putin and President Trump," he said. What has Trump said? Asked if he thought these talks would be the final opportunity to achieve peace in Ukraine, Trump told journalists on Friday that he didn't like using the term "last chance". "I think my gut instinct really tells me that we have a shot at it," he said. "The European leaders want to see peace. President Putin, I believe, wants to see peace. And Zelenskyy wants to see peace." However, asked if this would mean Ukraine giving up territory lost to Russia following Moscow's full-scale invasion in February 2022, the president suggested this would be a requirement. "We're looking at that but we're actually looking to get some back and some swapping. It's complicated," he said. "It's actually nothing easy, it's very complicated. But we're going to get some back, and we're going to get some switched. There will be some swapping of territories to the betterment of both." What has Ukraine said? Zelensky has said that Ukraine is "ready" to work for "worthy" and "lasting" peace, and, crucially, a peace that "will not collapse because of Moscow's wishes". In a video address on Saturday (9 August), the president said "Ukrainians will not gift their land to the occupier," adding that Ukraine's borders were fixed in the country's constitution. Zelensky has made a flurry of calls with Ukraine's allies since US special envoy Steve Witkoff's visit to Moscow on Wednesday (6 August), as European leaders push back against ceding too much to Putin. Despite these concerns, the Ukrainian leader said he has not heard any "doubts" from allies about "America's ability to ensure that the war ends". "The President of the United States has the levers and the determination," he wrote in an X post on Saturday. "What is needed now is not a pause in the killings, but a real, lasting peace. Not a ceasefire sometime in the future, in months, but immediately. President Trump told me so, and I fully support it." 'An inevitable fact': Putin likely to insist on seizing four regions Christina Harward, Russia analyst at the Institute for the Study of War, has told Yahoo News that Putin is unlikely to budge over his key territorial demands. "In the past 12 plus months, Putin has stuck by his demand that Ukraine must cede all of Luhansk, Donetsk, Zaporizhia, and Kherson oblasts before Russia could agree to a ceasefire," she said. "Putin is likely trying to present Russia's seizure of these four oblasts as an inevitable fact - which it is not given the many obstacles that stand in Russia's way before it could seize all of this territory." Kristin Bakke, professor of political science and international relations at University College London, adds that Russia may use the Alaska summit to "press for recognition of its control over occupied territories and a halt to Ukraine's NATO ambitions" – both "red lines for Kyiv". A potential surrender of Donetsk for with "no commitment to a final peace settlement" would "position Russian forces extremely well to renew their attacks on much more favourable terms, having avoided a long and bloody struggle for the ground," the Institute for the Study of War said on its website. It says this would mean Ukraine abandoning a key defensive line known as the "fortress belt" – a "major obstacle to the Kremlin's territorial ambitions in Ukraine over the last 11 years". 'Putin is not scared of sanctions' Trump has warned of more secondary sanctions against countries doing business with Russia in a bid to pile pressure on the Kremlin, having already slapped an additional 25% tariff on India for this reason. However, warning that this might not be as effective as hoped, Harward said: "Putin is not scared of sanctions right now." "Russia's battlefield losses are a major driver of Russia's economic issues, so Western economic pressure must be coupled with military aid to Ukraine to enable Ukrainian troops to inflict even worse battlefield losses on Russia. "Only then can we make Putin rethink how he is approaching this war and bring him to the table to make compromises to end his war." Eugene Rumer, a former US intelligence analyst for Russia who directs the Carnegie Endowment for International Peace's Russia and Eurasia Program, said there is "close to zero chance" of Putin agreeing to a ceasefire due to tariffs and sanctions. "Theoretically if you cut off Indian and Chinese purchases of oil that would be a very heavy blow to the Russian economy and to the war effort. But that isn't going to happen," he said. Rumer added that China has already signalled that it will keep buying Russian oil. 'Frozen conflict' more likely than ceasefire A full ceasefire "appears unlikely at this time", said Harward, pointing to the Russia's stubbornness over its territorial aims in Ukraine. Far from stopping at Luhansk, Donetsk, Zaporizhia, and Kherson, she says Putin wants "all of Ukraine" and is "ready for a protracted war" if it means achieving this goal. "He is even heavily preparing his society to swallow the pill of a long war. Putin thinks time is on his side and he just has to hold out longer than Ukraine and the West," Harward added. "A genuine, full ceasefire likely won't happen until the West can change Putin's calculus." Bakke added that meetings like Friday "rarely settle the hard stuff", although a framework for peace talks and what's up for discussion may emerge by the end of the week. She says that a "full, enforceable ceasefire" will be a "stretch" unless Russia's "cost-benefit calculation changes", adding that a "frozen conflict" is more likely in the short term. Read more Mapped: What parts of Ukraine does Russia control as Trump suggests land swap for peace? (The Independent) EU leaders push to consult with Trump ahead of Putin meeting on Ukraine (The Guardian) Vance says US is 'done with funding Ukraine war' ahead of Trump-Putin talks (The Independent)