The wealthy prince Sheikh Mohammed bin Rashid Al Maktoum, the crown prince of Dubai has gifted the already rich former F1 racer his own piece of “The World”.

Situated off the coast of the United Arab Emirates, “The World” is a grouping of man-made islands developed to look like a map of the Earth.

Valued at roughly $7 million, Schumacher’s island will be located in the southern hemisphere, part of the “Antarctica” island cluster, when completed in a few years, presumably before the Michael Schumacher World Champion Tower in Abu Dhabi is completed.