Mohamed Hadid Net Worth

Real Estate Mogul Mohamed Hadid on His Arab Identity, Religion & His New  Project in Egypt

Mohamed Hadid net worth: Mohamed Hadid is a high end real estate developer who has a net worth of $5 million and also CEO of Hadid Design. Read here for more Mohamed Hadid CEO Hadid Design. Mohamed Hadid is perhaps most famous for being the father of supermodels Bella and Gigi Hadid. He is also notable for being the ex-husband of Yolanda Hadid Foster, a former star of The Real Housewives of Beverly Hills. On a professional front, Mohamed is a well-known real estate developer known for developing several Ritz Carlton hotels and mega mansions throughout the world. 

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.

In 2010, Mohamed developed a home in Bel Air that he dubbed Le Belvedere. He sold the home in 2018 for $56 million. Between 2011 and 2012 he developed a home in Beverly Hills called The Crescent Palace, also known as Le Palais, which he listed for sale for $58 million. 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. It sold in 2013 for $33 million to the daughter of a former dictator of Uzbekistan.