Bella Hadid’s two-year romance with professional cutting horse trainer Adan Banuelos has officially come to an end, and this breakup is far from simple.
The news broke on January 26, though sources claim the couple actually called it quits back in December.
What started as a fairytale love story between supermodel and cowboy has now dissolved into a complicated split involving million-dollar horses and shared business ventures.
Here’s everything we know about what went wrong.
The Initial Breakup Report
Entertainment Tonight was first to report the split, with an insider revealing how Hadid is coping post-breakup.
Bella is doing her best to stay positive and distract herself since their split. She’s been staying busy with work and spending time with close friends. She is still processing the breakup since it was a very serious relationship.
The source’s comments underscore just how significant this relationship was for Hadid, who had seemingly found her perfect match in Banuelos.
Neither Bella nor Adan has publicly addressed the breakup themselves, maintaining silence on their personal Instagram accounts and avoiding any direct statements to media outlets.
A Rocky Relationship Behind The Scenes
While fans may have seen only romantic moments on social media, sources paint a different picture of what was happening behind closed doors.
According to a Page Six insider, the relationship between Hadid and Banuelos wasn’t nearly as stable as it appeared. The couple had reportedly been “on-again, off-again” throughout their time together, with sources describing their romance as “tumultuous.”
Page Six reports first hearing about trouble in paradise back in June, suggesting the relationship had been struggling for at least six months before the final split.
By December, sources say “the horse had bolted”—a fitting equestrian metaphor for when their relationship finally ended for good.
Million-Dollar Complications
What makes this breakup particularly messy isn’t just emotional baggage—it’s financial entanglement involving extremely valuable assets.
According to reports, Hadid and Banuelos purchased multiple horses together during their relationship, with these animals valued in the millions. In the world of cutting horses—Banuelos’ professional specialty—champion horses can easily command six or seven-figure price tags.
These weren’t just pets; they represented serious business investments and competitive assets.
Business Ties Beyond Horses
The horse purchases appear to be just one aspect of deeper “business ties” between the former couple. While specific details haven’t been disclosed, sources indicate that Hadid and Banuelos had intertwined their professional lives significantly.
Hadid had fully embraced the equestrian lifestyle, frequently appearing at cutting horse competitions and becoming deeply involved in Banuelos’ professional world. This level of integration makes separating their lives considerably more complex than a typical celebrity breakup.
Timeline Of The Relationship
Bella Hadid and Adan Banuelos began dating in late 2022, with their relationship becoming public knowledge in early 2023.
The supermodel had seemingly found happiness away from the fashion industry spotlight, relocating to Texas to be closer to Banuelos and immersing herself in ranch life. She frequently shared photos of horses, western wear, and rural landscapes—a dramatic departure from her previous high-fashion aesthetic.
For nearly two years, Hadid appeared genuinely content with her new lifestyle, leading many fans to believe she’d found lasting love.
What Happens Next
As of now, details about why the relationship ultimately failed remain unclear. Neither party has explained what made their romance “tumultuous” or what finally pushed them to officially end things.
Given the complex financial and business entanglements, particularly regarding the million-dollar horses, Hadid and Banuelos will likely need to maintain some level of contact to sort through their shared assets.
Whether they’ll handle these matters privately or whether legal proceedings might become necessary remains to be seen.
Moving Forward
According to sources, Hadid is focusing on work and friendships as she processes the end of this significant relationship. The model has dealt with public breakups before, but this one appears particularly challenging given how deeply she’d committed to this new life.
Whether Hadid will maintain her involvement in the equestrian world or return fully to her modeling career and previous lifestyle remains an open question.
For now, both Bella Hadid and Adan Banuelos remain silent on social media about their split, leaving fans to piece together the story through unnamed sources and speculation.
As more details emerge about this complicated breakup, one thing is clear: ending a relationship is never simple when million-dollar assets and intertwined business ventures are involved.