Supermodels Bella and Gigi Hadid were born to billionaires Mohamed and former model Yolanda, who are building popular luxury hotels and mansions in Los Angeles. The influential Hadid family has in many ways helped young Gigi, Bella and Anwar move faster in the modeling business, of course not without their diligence and excellent model data. And now in many ways they even managed to surpass their father, their wealth surpassed him several times.
It turns out that billionaire Mohamed Hadid is almost on the verge of bankruptcy. The fact is that his mansion in Bel-Air, one of the elite districts of Los Angeles, violated the rule of the location of the building on the land, and there was no agreement with the district council. Mohamed’s four-story, 2,800-square-foot home sits on a cliff, and neighbors are worried the structure could simply slide over their house. In 2019, locals tried to combat it, after which the court fined Hadid and sentenced her to 200 hours of community service. Mohamed denied his guilt and planned to sell the house for $130 million.
But the law did not allow him to do this – already in March the demolition of the mansion began. Moreover, he still cannot pay off the numerous loans he owes to construction companies, according to him, he has no money left for it.
Now, according to official figures, his fortune is about 5 million dollars. In fact, it’s definitely a small amount compared to their daughters’ capital: Bella has $25 million and Gigi $29 million. True, experts do not believe the words of Mohamed and suggest that he greatly underestimated the real amounts in order not to pay loans and fines.
Source: People Talk
Lloyd Grunewald is an author at “The Fashion Vibes”. He is a talented writer who focuses on bringing the latest entertainment-related news to his readers. With a deep understanding of the entertainment industry and a passion for writing, Lloyd delivers engaging articles that keep his readers informed and entertained.
