Royal Ascot is the premiere racing event in Great Britain. The top racehorses in the world, along with their wealthy owners and sponsors, compete in front of the royal family, exclusive invite-only guests, and anyone else that can afford the ticket. A strict dress code is enforced for all guests — and ladies must wear hats.Mohammed bin Rashid Al Maktoum, the prime minister of United Arab Emirates, is a frequent attendee. With a fortune topping US$5 billion, Al Maktoum is the owner of numerous thoroughbred race horses and stables around the world. He’s also the founder of the Dubai Cup, a horse racing event in the United Arab Emirates.