Los Angeles: Real estate tycoon Mohamed Hadid, Father of supermodels Bella and Gigi, has revealed that he has no money to pay for the court-ordered demolition of his $50 million mansion.
Mr Hadid said that he does not have the $5 million it would require to raze the property after it was declared a ‘clear and present danger’ for structural violations, according to court documents obtained by the Daily Mail.
He noted the failure of business ventures he and his daughters have lent their name to and that he has been living in a ‘modest’ ranch-style property since he cannot afford the mansion anymore.
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