Born on 6th November 1966, Mohamed Anwar Hadid is an American Real Estate developer of Palestinian origin. He has built his net worth of millions in real estate by developing Ritz Carlton Hotels, residential buildings and mansions for celebrities throughout the world. Let’s find out how much is Mohamed Hadid’s net worth in 2018.
Mohamed Hadid was born in a Muslim family. His father Hadid, an English professor and mother Khairiah had five daughters and three sons including Mohammed Hadid. His father had moved to the United States for his work, and Mohamed Hadid studied in the US. He married Mary Butler with whom he had two daughters. When this marriage ended in 1992, he married Dutch model Yolanda Hadid from whom he had three children. He is thereafter engaged to Shiva Safi a model and businesswoman.
Mohammad Hadid started his career with a company exporting equipment to the middle east. Later he entered into the business of restoring classic cars and putting them up for sale in Georgetown, Washington. Later on, he moved to Greece to open a nightclub on an Island. He ploughed back the profits and ventured into developing real estate in the USA.
In 1980 his partnership with SAAR foundation helped him to leapfrog into high earning status, but he was also involved in several lawsuits for his financial obligations. In spite of these adversities, he went on to buy Ritz Carlton Hotels in Washington and New York for $150 million. He also developed a Houston Hotel into Ritz Carlton Hotel and developed a resort in Scottsdale, Arizona with the same name.
He purchased several prime lands for development anticipating business opportunities. He later developed a mansion in Bel Air, Los Angeles that sold for $50 million in 2010 but he was to face lawsuits for this venture for allegedly damaging neighbour’s property and alleged violation of building rules. He faced fines and punishment of community service for these violations.
Awards & Achievements
Mohamed Hadid is known for his risk-taking abilities. He ventures into areas which others are reluctant to do. He smells opportunities where there seem to be none. From a small car sale business, he went on to purchase and develop five hotels in the US. He is considering bidding for Eastern Airlines and a Bank. Another of his $70 million construction project will be financed by Japanese Banks with Morgan Stanley arranging the deal.
Several lawsuits against him have not stopped him from going ahead with his ventures, getting them financed and facing the cash flow problems bravely for such huge capital-intensive projects. He is a genius in packaging and deal making. He can analyse the finances and profitability of a proposed project faster than the trained professionals.
His most ambitious venture was in 1987 when he outmanoeuvred Donald Trump and paid $42.9 million for a prime land in Aspen. He is famous for his penchant for developing multimillion-dollar mansions. One such building, The Palazzo Di Amore with a price Tag of $195 million, is said to be the most expensive building in the US. His dream home in Bel Air is a spectacular mansion with eight rose gardens, a majestic swimming pool and fountains, movie theatre, grand dining hall and Turkish baths.
Mohamad Hadid in 1992 competed in winter Olympics in France when he represented Jordan in speed skiing at the age of 43. He is also an accomplished pilot flying his personal planes to his travel destinations. He is a man of many talents. He is an artist painting pieces of art that adorn his personal gallery in Beverly Hills where he displays paintings of upcoming artists from around the world.
Net worth of Mohamed Hadid
His net worth is somewhere around $150-$200 million arrived at conservatively as his real net worth is difficult to estimate considering his forays into many ventures some of which are facing lawsuits. His amazing risk-taking abilities and his penchant for smelling opportunities and going for it have made him put his money in several ventures which are most successful. Every success gives him confidence and financial clout to move ahead. He popularity as a successful businessman has made people partner with him and banks coming forward to put their money in his ventures. He is thus using his own money and getting finances from others to clinch big deals for which he so well known.
Mohammed Hadid’s life is a saga of success through hard work and the ability to smell an opportunity where there seemed to be none. His amazing risk-taking abilities and not getting perturbed by many handicaps he faces in his ventures, including lawsuits, has given him a celebrity status. His softer side of an artist, an athlete and a pilot gives an interesting dimension to his varied personality. He is an achiever par excellence.