Hadid leaves multi-million pound estate in her will
Zaha Hadid who died suddenly last March, left a fortune worth £67m (approximately $81.48m), her will reveals.
The architect responsible for buildings in countries ranging from Saudi Arabia and China and London to Azerbaijan, left a lump sum of £500,000 to her business partner Patrik Schumacher.
Hadid also left a total of £1.7m to four nieces and nephews, as well as her brother Haytham Hadid, whose share was £500,000.
The architect, who was made a dame in 2012, was unmarried with no children and left her international design businesses, which account for the bulk of her wealth, in trust.
Her will, obtained by the Architects’ Journal, shows that the net value of her estate was £67,249,458, after around £3m was deducted to cover outstanding debts. The calculation was filed in the high court dated 14 December 2016.
The executors are Schumacher, Peter Palumbo, the property developer, Brian Clarke, the artist, and Rana Hadid, the architect’s niece.
The will shows Hadid is leaving her architecture practice, of which she was the sole owner, in trust. In the year to the end of April 2015, Zaha Hadid Ltd turned over £48m and employed 372 people.
Hadid gave her executors powers to distribute all or some of the income from her several businesses, including the practice, to a wide range of parties.
They include “past, current and future employees and office holders of the companies”, and the Zaha Hadid Foundation, which was set up to promote architectural education and exhibitions of Hadid’s work. Others who could benefit are family members and charities.
The will states that “for the moment” the trustees are her executors: Schumacher, Clarke, Palumbo and Rana Hadid.