Wednesday, November 2, 2011

How Does Mohamed Hadid of The Real Housewives of Beverly Hills Make So Much Money?

Mohamed Hadid's Le Belvedere
I am fairly certain I was not the only viewer viewing the past couple week's episode's of the Real Housewives of Beverly Hills who wondered how Mohamed Hadid made the fortune that was able to afford the ridiculously humongous house he lives in.

I'm fairly certain I was also not the only viewer viewing who thought to himself that maybe those in the upper income bracket aren't taxed enough.

Mohamed's engagement party for Lisa and Ken's daughter, Pandora, was way over the top. Camels and mermaids?

So, what does Mohamed Hadid do that is so profitable to him? Well, he is a real estate developer, building high-end custom homes, along with commercial developments, like the Ritz Carlton hotels.

Big houses are often given names. Mohamed Hadid named his house Le Belvedere.

The Hadid Development Website
Mohamed "designed, built and decorated the main residence himself." I am fairly certain by "built" it is not meant that Mohamed did any hammering himself.

Mohamed Hadid has a website where you can take a look at his various projects.

Mohamed's plus-sized home is not actually in Beverly Hills. It is in Bel Air, which is where Beverly Hills Housewife Kyle Richards house also is located.

If you really like Mohamed's mansion and would like to live there, it is currently for sale. Mohamed recently slashed his original $85 million asking price to a much more affordable $72 million. Mohamed's home is listed with Coldwell Banker, which is who you need to contact if you are interested in snapping up this bargain.

The Coldwell Banker description of what you will get for your $72 million....

The home has 10 bedrooms and 14 bathrooms in 48,000 square feet, all sitting on 2.2 prime Bel-Air acres. The home has an all-steel construction with an imported Jerusalem stone exterior.

The main level includes a reception hall, formal living and dining rooms, an informal dining room, a family room with a bar lounge, a music room, a library, the main kitchen, a butler's pantry and a staff bedroom and office.

The lower level is where the larger parties take place. There's a 5,000-bottle wine cellar and tasting room, a grand ballroom that seats up to 250, a commercial kitchen, a screening room, a gym, a Moroccan room, a Turkish hammam and a game room.

The main master bedroom suite including a sitting room, powder room, his and hers bathrooms and dressing rooms.

There are staff quarters over the garage and an open motor court for 20 vehicles, plus garage facilities to accommodate two limousine-length vehicles.

The park-like grounds include a swan pond, fountains, rose gardens, a 70-foot infinity pool, a 12-person spa, an alfresco dining area, an outdoor kitchen with pizza oven, fireplaces and courtyard dining for 100 guests. There are 19 fireplaces in all, an elevator and commercial-grade utility and entertainment systems throughout the house.

I would need to find out how close the Richards are to Le Belvedere before I'd want to move in to Le Belvedere.

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