(Reposting from lb)
Good morning frens. Saw this article and it piqued my curiousity.
Judge orders father of supermodels Bella and Gigi Hadid to pull down $100 million Bel Air mega-mansion
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https://www.yahoo.com/news/judge-orders-father-supermodels-bella-171514049.html
So, I did a little digging.
Mohamed Hadid
Mohamed Anwar Hadid is a Palestinian[7][8][9][10][11] born in Nazareth[1] in November 1948 to a Muslim family. He is the son of Anwar Hadid (c. 1908 – 1979) and his wife Khairiah.[12] Through his mother he claims descent from Daher Al Omer, Prince of Nazareth and the Sheik of Galilee.[13][14] Hadid has two brothers and five sisters.[12]
His father, Anwar Hadid, studied at a Jerusalem teachers' college and attended a university[which?] in Syria to study law, before working in land settlement for the British authorities and teaching English at a teachers' college in Mandatory Palestine. In 1948, he moved to Syria and joined the United States Information Agency and the Voice of America. He and his family lived in Damascus, Tunisia, and Greece before moving to Washington, D.C., as Anwar had a job at the VOA headquarters there, when Mohamed was 14, and spent the rest of his career there with VOA and USIA as a writer, editor and translator.[12][13][15]
Hadid attended North Carolina State University and the Massachusetts Institute of Technology.[1]
Among his early ventures was a company that exported equipment to the Middle East.[6][16] He started his career restoring and reselling classic cars in the Georgetown neighborhood of Washington, D.C., before moving to Greece where he opened a nightclub on an island, and with the profits, started developing real estate back in the United States.[17]
In the 1980s, much of his financial clout came from the SAAR Foundation, a Herndon-based foundation with Saudi roots. The foundation was a 50-50 partner in many of Hadid's ventures.[16] In the late 1980s, he faced at least 30 lawsuits from creditors and banks claiming he had not fulfilled various financial obligations.[18] He paid $150 million for the Ritz-Carlton hotels in Washington and New York. He also converted a Houston hotel into a Ritz-Carlton Hotel and developed a Ritz-Carlton resort in Scottsdale, Arizona. He outmaneuvered Donald Trump, paid $42.9 million for several choice parcels in Aspen and announced plans for a 292-room Ritz resort.[16][18]
In 1992, a settlement was reached in a lawsuit by Riggs Bank against Columbia First Bank Chairman Melvin Lenkin, a Hadid partner in a Washington, D.C., construction project that involved a loan on which Hadid defaulted. Following the settlement Hadid closed his local office, lost his McLean home to foreclosure, and left the Washington area.[19]
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https://en.wikipedia.org/wiki/Mohamed_Hadid