Mohamed Hadid Net Worth
Mohamed Hadid net worth: Mohamed Hadid is an extremely successful real estate developer who has a net worth of $400 million. Mohamed Hadid earned his net worth developing Ritz Carlton hotels and mega mansions throughout the world. Mohamed Hadid has gained fame recently as the ex-husband of Real Housewives of Beverly Hills star Yolanda Hadid Foster. Mohamed is also famous for owning a $60 million Beverly Hills mansion called The Crescent Palace. The 48,000 square foot Crescent Palace is located on an acre of the most exclusive land in the world, right next to The Beverly Hills Hotel. The house features 11 bedrooms, a library, an art gallery, a 3800 square foot roof garden, 5000 bottle wine cellar, 40 person movie theater and much more.
Mohamed Hadid was born in Palestine but moved to the United States as a child with his family. Hadid initially wanted to pursue a career in art. He eventually realized there was more money in building the walls in mansions that he was trying to cover with art. He got his start in Washington D.C. where he helped develop residential apartment buildings and single family homes. He eventually struck it rich by developing Ritz Carlton hotels in Houston, New York, Aspen and Washington D.C.. Today Mohamed runs "Hadid Development" which focuses on ultra high end real estate projects around the world. Hadid Development is currently building resorts, houses, condominiums and commercial projects mainly in Bel Air, Beverly Hills, Aspen, Paris and suburban Virginia. The company is unique because it takes huge financial risks to build a massive mansion from scratch without having a buyer lined up in advance. The model has proven very lucrative for Mohamed. After finding financial success, Hadid returned to his art roots and opened his very own gallery in Beverly Hills. When Mohamed Hadid divorced Yolanda, court documents revealed he paid his ex-wife $3.6 million in cash and had to give up several mansions and expensive cars.