Family drama. One month after real estate developer Mohamed Hadid was ordered to tear down his $100 million Bel Air mansion due to safety concerns, neighbors allege that Gigi and Bella Hadid’s dad is committing bankruptcy fraud by removing valuables from the property.
![What Gigi Bella Hadid Think of Their Dad Bankruptcy Nightmare](/wp-content/uploads/2019/12/What-Gigi-Bella-Hadid-Think-Their-Dad-Bankruptcy-Nightmare-01.jpg?w=1000&quality=70&strip=all)
The real estate developer’s 901 Strada LLC declared bankruptcy on November 27, a move that, while stressful, Gigi and Bella are relieved about. “[They] know that the filing caused a lot of stress but are happy it’s settled,” a source exclusively reveals in the new issue of Us Weekly.
The neighbors suspect the tycoon, 71, will try to avoid paying for the mansion’s $5 million demolition, which he’s said he can’t afford, and therefore the responsibility would fall on local taxpayers. However, Hadid’s lawyer denies any wrongdoing.
![US Weekly Cover 5119 What Gigi Bella Hadid Think of Their Dad Bankruptcy Nightmare](/wp-content/uploads/2019/12/Us-Weekly-5119-cover-What-Gigi-Bella-Hadid-Think-Their-Dad-Bankruptcy-Nightmare-02.jpg?w=1000&quality=40&strip=all)
For more on the Hadid scandal, watch the video above, and pick up the new issue of Us Weekly, on newsstands now.
With reporting by Brody Brown