Yolanda Hadid is the newest recruit for the Real Housewives of Beverly Hills, since Camille Grammer is part time on the series. Yolanda filed for divorce from Mohamed Hadid, the ultra rich friend of current cast member Lisa Vanderpump in Santa Barbara County in 2003 and here is the divorce settlement agreement.
- A $6 million dollar Malibu property
- An Arabian horse
- Sole ownership of Hadid Interiors
- Several bank accounts
- A Range Rover
- An Escalade
- A one-time cash payment of $3.6 million dollars
- $30,000 a month in child support for the three children they had together: Jelena, Isabella and Anwar.
- She was receiving an additional $10,000 a month in spousal support, but that ended when she married David Foster.
This makes Sheree’s hopes of a seven figure settlement look like peanuts.
Mohamed kept the Bel Air mansion that has been featured on the reality show, the vacation home in Mexico, two Bentley’s, a Range Rover and an Escalade, although Yolanda can use the vacation house whenever she wants.
According to the documents, Mohamed became responsible for “liabilities the notes payable to First Credit Bank, the approximate amount of $60,000,000 secured by Deeds Trust encumbering the real property located in the greater Los Angeles, CA. $17,000,000 for Casa Amore with First Credit Bank, $3,000,000 First Credit Bank, $22,000 Chase Visa.”
The former couple have joint custody of their three children and agreed to “relocate the residences of the minor children more than 100 miles from the other parent, without prior written notice to the other notice.” Mohamed pays for private schools for the kids and pays for a full-time nanny to live with Yolanda and the kids.
Mohamed agreed to have a $1 million dollar life insurance policy and that the beneficiaries are Yolanda and the children.
Interestingly, Yolanda and Mohamed did have a pre-nup that was declared null and void when the divorce settlement was executed, and signed by both parties in 2007.
Yolanda married David Foster last year on 11/11/11, and Mohamed has a live-in girlfriend, you’ve seen that lithe young thing on The Real Housewives of Beverly Hills. Season 3 has started filming and they can’t start airing soon enough!
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