Tonight on the premiere of Ladies of London on Bravo, one of the first situations that was addressed was Noelle Reno’s boyfriend 51-year-old Scot Young and his rather sketchy financial situation. You can tell right away that the ladies are not quite sold on Scot’s claim that he is “broke”.
Right away we are introduced to the 30-year-old model, and briefed about her scandalous boyfriend–a boyfriend/fiancé who is literally fresh out of prison.
Reno is engaged to real estate mogul Scot Young and we quickly learn that there is a lot of chatter about Scot possibly hiding wealth offshore.
Scot is involved in a very bitter divorce wife 48-year-old former fashion mogul wife Michelle who claims the property tycoon is worth billions and is hiding it offshore.
So Noelle has allegedly been financially supporting her ex-con boyfriend for been 5 years. You can understand why the ladies would be a little suspicious of the claim.
UPDATE: 12/10/2014 Scot Young dead after tragic fall
She also allegedly dumped Young in December 2012 as he entered prison after repeatedly refusing to reveal his finances. The judge said the “fixer” had committed a “flagrant and deliberate” contempt of court.
Noelle visited him during this time and was there to support him as soon as he got out which was coincidentally last May when the show started filming!!!
And it looks like Scot may just have a small fortune tucked away somewhere. A financial investigator claims Mr Young is still worth at least £ 700 million, and claims a handwritten note written by the businessman that was seized by a court order suggests Scot has plenty of money to pay child support.
The hand-written note seized from his home suggests he made “$4.5 billion profit” in Facebook.
Young claims that his £ 4,000 a month rent on his central London apartment is paid for by friend Nick Alexander, a businessman.
He also claims that other friends give him large amounts of cash to survive.
More on Scot Young’s wealth
It appears that since the show taped Michelle Young accepted a small settlement. In November she was awarded £20 million by a judge. Michelle describes the award as “disgraceful”.