Mohamed Hadid is a famous Palestinian-born American real estate developer, as well as an entrepreneur. To the public, Mohamed Hadid is best known for his contributions to the development of various mansions, houses, and hotels, among which is the chain of popular “Ritz Carton” hotels. Over the years, the “Ritz Carlton” company has established approximately 85 hotels in 26 countries worldwide. The company’s success is measured not only in its popularity among clients, but also two Malcolm Baldrige National Quality Awards, as well as other accolades. Aside from his popularity as a real estate developer, Mohamed Hadid received a lot of public attention when his former wife Yolanda Foster started to appear in the third season of the reality television series called “The Real Housewives of Beverly Hills”, alongside Kim and Kyle Richards, Brandi Glanville, Eileen Davidson and Lisa Vanderpump. Another contributing factor to Hadid’s popularity is his mansion known as “The Crescent Palace”, which is located in Beverly Hills. Hadid’s luxurious mansion includes seven bedrooms, a reception hall, a gallery set to display art work, a library, as well as a movie theatre.
Mohamed Hadid Net Worth $200 Million
A well-known businessman, as well as a real estate developer, how rich is Mohamed Hadid? According to sources, in 2011 he earned as much as $50 million after selling his “La Belvedere” project. In regard to his overall wealth, Mohamed Hadid’s net worth is estimated to be $200 million, the majority of which he has accumulated through his job as a real estate developer, as well as other business ventures. Among Hadid’s most valuable assets is his “Crescent Palace”, which is valued at $60 million.
Mohamed Hadid was born in 1947, in Palestine, but his family decided to move to the United States, eventually settling down in Virginia, where he attended Washington-Lee High School. Since Hadid had troubles trying to fit in to a new environment, he took up painting as a means of dealing with his issues. He started out by making traditional art, before he moved on to more abstract art. Even though he initially planned to take up painting as a career option, his outlook changed as he grew older. Upon his graduation from high school, Hadid enrolled in Massachusetts Institute of Technology, yet he dropped out before he could finish his studies. Instead, he moved to Washington, D.C., where he started his career as a real estate developer. Initially, he worked on developing single family homes and apartments, but as his talents became more noticeable, he was given an opportunity to work on more sophisticated projects. As a result of his growing popularity, Mohamed Hadid established his own company known as “Hadid Development”, which has now been in business for over 30 years now. The company specializes in the development of office buildings, houses, as well as resorts.
In regards to his personal life, Mohamed Hadid married Yolanda Hadid Foster in 1994, but the couple divorced in 2000. Together, they have three children, namely Anwar Hadid, Bella Hadid and Gigi Hadid.