Mohamed Hadid breaks his silence after being ordered to demolish his Bel-Air mega-mansion to accuse obsessed neighbor of ruining his life and denies he is personally bankrupt

Property tycoon Mohamed Hadid has blamed the fallout over his controversial Bel-Air mega-mansion on a 'nightmare neighbor,' says he regrets ever starting the project - but denied he has been driven into personal bankruptcy by the order to demolish it.

In an exclusive interview with DailyMailTV, Hadid says the fight over the development has 'destroyed' his life.

And he claims disgruntled 'nasty' neighbor Joe Horacek - the man who has spear-headed the campaign against him - is 'obsessed' with the case and has 'harassed' and 'stalked' him in a bid to derail the project.

The outspoken father of supermodels Gigi and Bella Hadid also insists he is not personally bankrupt and says the case has been tough on his two daughters who must constantly field questions about their dad's property problems.

Hadid said: 'The whole thing has been a nightmare. Yes, I regret starting it. It has destroyed my life, it has destroyed my reputation and affected my family.'

'He's the worst human being, the worst neighbor. He is one of the most vicious, vindictive, angry, most horrible neighbors one could ever have. He is trying to run me out of town,' he said.

'He's obsessed, it's his life. Him and his wife they do studies every day to attack me. Three years ago he said he had put over 6,000 hours into this. 'Who in their right mind does that unless they are obsessed.'

He said: 'Whenever Joe says something it goes worldwide because of my daughters' names, even the bankruptcy thing was bad for me, I received a call from Saudi Arabia from someone asking me about it, I have to explain to people what's really going on.'

At a hearing before Judge Craig Karlan earlier this month, LA Superior court heard that Hadid 'can't afford' to pay around $5million for the demolition. Nor could Hadid, 71, pay proposed receiver Douglas Wilson's fee of $500,000.

Judge Karlan, who last month was photographed doing a walk-thru of the half-built property, deemed it a 'clear and present danger' to nearby homes and said it 'must come down.'

He also checked out neighbors' claims that illegally graded slopes, unapproved retaining walls and inadequate foundation supports all make the colossal site so 'frightening' and 'precarious' that Hadid's own architect said, 'I'm worried that building will slide down the hill and kill someone.'

Hadid told DailyMailTV of his alleged financial trouble: 'I'm not bankrupt, my LLC (Limited Liability Company) is bankrupt. The money in the LLC is from bank loans, the bank is not going to give you $5million to demolish a house, especially when I've already put $18million in.

Ref: Property Report