Following His Real Estate Scandal, Mohamed Hadid Files for Bankruptcy
Following a lawsuit, Yolanda Hadid's real estate developer ex husband is having a major cash flow problem.
In many a Bravo fan’s mind, Mohamed Hadid is the epitome of living large. The ex-husband of The Real Housewives of Beverly Hills’ Yolanda Hadid, Mohamed was a regular face on the show, often hosting lavish parties at Le Belvedere, his lavish French Chateau-style mansion located on 2.2 acres in Los Angeles’ ritzy Bel Air nabe. Since selling that estate for $56 million last year, however, Mohamed has hit hard times.
In addition to living in a much smaller home and splitting from his longtime fiancée Shiva Safai, the longtime real estate developer filed for bankruptcy, following a multi-year lawsuit filed against him by the neighbors of “Starship Enterprise” (aka the sprawling, 30,000-square-foot home that Mohamed built into a hillside in Bel Air and was hoping to eventually sell for $100 million). Just last week the judge in that suit ordered Mohamed to demolish the half-built, not-up-to-code property, saying, “If this house came down the hill it would take a portion of the neighborhood with it.”
According to TMZ, Mohamed’s company 901 Strada LLC claims it is $10-$50 million in the red, mainly due to the Starship Enterprise woes. The company’s debts include $386,000 owed to a design and management company, $200,000 owed to a building materials company, more than $93,000 owed to a demolition company, and $35,000 owed to plumbers.
