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For sale- $250 million divorce judgment


Sheik Mohammed al-FassiLOS ANGELES, NOV 8:  An ex-wife is selling her 250 (m) million-dollar divorce settlement.

The trick is in the collecting.

Diana Bilinelli got the mega-deal in her divorce from Sheik Mohammed al-Fassi of the Saudi royal family. The two made headlines for their outlandish paint job on their Beverly Hills mansion and grounds. When it was torched in 1980, neighbors chanted "Burn, burn, burn."

The two divorced in the 1980s when he wanted more wives. She was awarded half his assets, which include two Boeing 707s, 36 cars, a yacht, 26 horses, a private zoo and homes in Spain, London and Miami Beach.

Problem is, he died in 2002 and transferred holdings to relatives. She's been unable to find those assets.

Her lawyer says that selling the divorce judgment is "a dandy investment opportunity" for a sleuth.

The lawyer has been sending letters to prospective buyers she believes have the means to track down the assets, which are believed to be in the Middle East.

Bilinelli's late ex-husband, Mohammed al-Fassi, gamed national attention, and the wrath of his Beverly Hills neighbors, in the 1970s when he painted his mansion, and the genitals on the classic Italian nude statues in his yard, in garish colors.

When an arsonist set the mansion ablaze while he and Bilinelli were out of town in 1980, neighbors gathered around and chanted "Burn, burn, burn."

Not long after that, Bilinelli and al-Fassi split, and in 1983 a Los Angeles judge awarded her half his assets, including two Boeing 707 jets, 36 cars, a $15 million yacht, 26 horses, a private zoo and homes in Spain, London and Miami Beach.

Bilinelli was 16 and al-Fassi 19 when he asked her to marry him in 1974. They were wed a year later in Saudi Arabia.

At first they lived modestly in a West Los Angeles apartment, but then money began to pour in from al-Fassi's family.

"We spent our lives on aircraft, in casinos, luxury hotels and palaces, in jewelers and fashion houses surrounded by 10 bodyguards," Bilinelli recalled.

As a sheik, al-Fassi was allowed to have as many as four wives, and Bilinelli said she left him after learning he was taking advantage of that provision.

Al-Fassi died in Cairo of an infected hernia in 2002 after claiming he had transferred all of his holdings to relatives overseas, including King Fahd and his brother Prince Turki.

A court has ruled that Turki is liable for al-Fassi's debt, but Bilinelli's attorneys say they have been unable to find his assets. He lives in Egypt.

"Putting the judgment up for sale is the Last Chance Saloon for us," Dorroh-White said. "It's the only thing we haven't tried."

 

 

 
 


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