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☆ A billionaire heir built one of America's largest homes. His bitter divorce means his $195 million mansion is for sale.
▼ + stars: | 2024-10-12 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

A Los Angeles mansion that is one of the country's biggest homes is on the market for $195 million. It was built by Hyatt heir Tony Pritzker and his then-wife, Jeanne, in 2011, but they split in 2022. Go to newsletter preferences Thanks for signing up! AdvertisementIn the hills of Beverly Crest, a neighborhood in Los Angeles' Westside, looms the Pritzker estate, one of the largest homes in the US. Bezos bought his Beverly Hills mansion, which is just over a mile from the Pritzker estate, for $165 million in 2020.

Persons: Hyatt, Tony Pritzker, Jeanne, —, Pritzker, megamansion, Tony, Jeanne Pritzker, Jeff Bezos, Bezos Organizations: Service, Street Journal Locations: Los Angeles, Beverly Crest, Westside, Beverly

☆ A rare and massive ranch near Aspen is for sale for $150 million — but there's a catch. Take a look.
▼ + stars: | 2024-07-17 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

Read previewA 3,720-acre ranch in Snowmass, Colorado — a ski town 15 miles north of Aspen — is on the market for $150 million. This story is available exclusively to Business Insider subscribers. Somebody will sit there and go, 'Wow, there's nothing like this,'" Mirr told Business Insider. AdvertisementMirr, of Mirr Ranch Group, shares the listing with Michael Latousek of Douglas Elliman. But Pitkon County, where Snowmass and Aspen are located, won't let large developments be built without scrutiny.

Persons: —, Ken Mirr, Mirr, Michael Latousek, Douglas Elliman, Thomas Keating, Benedict's, Thomas Peterffy, Steve Wynn Organizations: Service, Business, Mirr Ranch, Conference, Aspen Institute, Aspen Ideas, Street Locations: Snowmass , Colorado, Aspen —, Benedict's, Pitkon County, Aspen

☆ Billionaire Joe Ricketts' latest drama is right out of 'Yellowstone'
▼ + stars: | 2024-06-27 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

While the regional wildlife coordinator for Wyoming Game and Fish supported the proposal, Ricketts' neighbors were another story, the Nebraska Examiner said. That's what I kind of equate it to," one local told The Daily Beast about Ricketts at the time. "That's just not something that's ever going to be well received, whether it was Mr. Ricketts or the next billionaire with a big dream and a big plan." And in the end, Ricketts is getting his big dream and big plan — just not when he wants it. According to estimates at the town meeting, the hotel will now take six years to build rather than three.

Persons: —, Joshua Coursey, Joe Ricketts —, Donald Trump, Ricketts, Forbes, Jackson, " Ricketts, Little Jackson, He's, Fish, Foundation's Coursey, Matthew Prince, Prince, Bill Gross, Dale Chihuly, Gross, Vinod Khosla, Coursey, That's Organizations: Service, Business, Foundation, Chicago Cubs, Wyoming, Nebraska Examiner, City, Daily Locations: Bondurant, Wyoming, Paramount's, Sublette County , Wyoming, Teton County, Los Angeles and New York, Northwest Wyoming, Sublette, Laguna Beach , California

☆ Some wealthy people trying to sell their luxury homes are struggling
▼ + stars: | 2024-05-28 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +5 min

Read previewThe world of luxury real estate might seem like a place where deals are plentiful, transactions are swift, and satisfaction is guaranteed. "I wanna be free to garden and travel and not have to worry about the house — but I'm not taking nothing," Morgan told Curbed. "A lot of luxury buyers may already have a primary home, so maybe they're looking for a new investment," StreetEasy Senior Economist Lee said. AdvertisementThat's partly why more luxury buyers are increasingly considering renting out their homes rather than selling them, he added. Concierge AuctionsLee noted another factor contributing to the difficulty of selling luxury properties: the high costs associated with their maintenance and upkeep.

Persons: —, Kenny Lee, Sonja Morgan, John Adams Morgan, Morgan Chase, Morgan, Curbed's Bridget Read, I'm, Michael Jordan, There's, Nile Niami, Richard Saghian, Ron DeSantis, Lee, canalso, It's Organizations: Service, Business, Housewives, New, Fashion, Florida Gov, Morgans, Yorker Locations: New York City, New York, Chicago, Los Angeles, Upper Eastside

☆ Meet the billionaire 'king of subprime car loans' whose company underwrote Trump's $175 million civil fraud bond
▼ + stars: | 2024-04-02 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Billionaire Don Hankey's company underwrote a $175 million appeal bond for Donald Trump. The 80-year-old oversees Hankey Group, which employs over 3,400 people and whose assets are worth around $22.5 billion, per Forbes. Axos Bank CEO Greg Garrabrants has previously donated around $50,000 to Republican campaigns since 2012, with $9,600 in support of Trump, according to Federal elections records. Related storiesHankey's net worth is estimated at $7.4 billion, according to Forbes — and it's nearly doubled within the last three years. The mansion ended up auctioning for less than half of its expected $500 million worth.

Persons: Don Hankey's, Donald Trump, Hankey, —, Don Hankey swooped, It's, that's, Trump, refinanced, Greg Garrabrants, Forbes —, Ford, Westlake, Niami, David Sucsy, Niami's, Allen J, Schaben, Getty Hankey, Debbie Hankey Organizations: Bel, Service, Hankey Group, Forbes, Hankey's, Specialty Insurance, Bloomberg, Axos Bank, Axos, Trump, Westlake Financial Services, Hankey Investment, Bel Air, Los Angeles Business Journal, University of Southern Locations: Southern California, Bel Air Los, Bel, University of Southern California, Malibu

☆ His Friend Wagered He Couldn’t Flip This $42.5 Million Megamansion. He’s All In.
▼ + stars: | 2023-09-08 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/real-estate/luxury-homes/malibu-megamansion-lists-for-42-5-million-7ab913c9

Persons: Dow Jones Locations: malibu

☆ His Friend Wagered He Couldn’t Flip This $42.5 Million Megamansion. He’s All In
▼ + stars: | 2023-09-07 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

Persons: Dow Jones Locations: malibu

☆ Ben Affleck and Jennifer Lopez Close Deal on $61 Million L.A. Megamansion
▼ + stars: | 2023-06-01 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ben-affleck-and-jennifer-lopez-close-deal-on-61-million-l-a-mega-mansion-ab1a8be6

Persons: Dow Jones, affleck, jennifer, lopez, ab1a8be6

☆ Another Megamansion Hits the Market in Los Angeles—This Time for $185 Million
▼ + stars: | 2023-05-27 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/another-megamansion-hits-the-market-in-los-angelesthis-time-for-185-million-620c2efd

☆ Meet Fashion Nova's billionaire CEO who owns the biggest modern home in the US —a $126 million LA megamansion
▼ + stars: | 2023-04-28 | by ( Áine Cain | Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Richard Saghian is best known as the fashion mogul behind Fashion Nova, but he's also snapped up pricey real estate. Within a year, he bought a $40 million home on Malibu's "Billionaire's Beach" and shelled out $126 million for the biggest modern home in the US. The billionaire exec has shelled out $40 million for a 6,000-square-foot home on Malibu's exclusive "Billionaire's Beach," The Real Deal reported. Less than a year prior, Saghian bid $126 million at auction for a Los Angeles megamansion. Nicknamed "The One," the 105,000-square-foot property is considered the biggest modern home in the US.

☆ Jennifer Lopez's $42.5 million mansion has a movie theater lined with posters from her hits and Ben Affleck's movies. Take a look inside.
▼ + stars: | 2023-02-08 | by ( Robert Davis | ) www.businessinsider.com time to read: 1 min

Courtesy of Carolwood EstatesIt has undergone a renovation in the French Country style, according to the listing, and features Provençal touches like a stone facade and wood accents. The estate sits on more than 7 acres, a massive property for Los Angeles's Bel Air neighborhood. If it sells for the $42.5 million asking price, it will be one of the pricier transactions in Bel Air in recent years. Data from Zillow shows that there have been six homes in the neighborhood that sold for at least $40 million since 2020. A nearby 105,000-square-foot megamansion known as The One sold at auction for $141 million, including fees and commission, in 2022.

☆ In a tough year for hedge funds, the top firms still crushed it
▼ + stars: | 2023-01-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

But first, we've got hedge fund returns. It's returns season for hedge funds, and boy is this year a doozy. Insider's Alex Morrell has a breakdown of how some of the flagship strategies at top hedge funds like AQR, Citadel, D.E. Alex's story gets into the nitty gritty — and more importantly, the specific numbers — but the big takeaway is this: While 2022 was a pretty awful year for the hedge fund industry, some of the industry's top funds absolutely crushed it. And while it might seem impossible to figure out a way to make money in that type of environment, that's exactly when I'd expect a hedge fund to step up.

☆ Fashion Nova founder joins 'Billionaire's Beach' with all-cash purchase of $40 million Malibu property — a 20-minute drive from his $126 million Bel-Air mega-mansion
▼ + stars: | 2023-01-06 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Fashion Nova founder Richard Saghian is now a resident of Malibu's exclusive Billionaire's Beach. Saghian paid $40 million in an all-cash deal for the Malibu beachfront home. Less than a year ago, Saghian purchased "The One" in Bel-Air for $126 million, the largest modern home in the US. According to the listed addresses for both properties, Saghian's new home is just a 20-minute drive from his megamansion in Bel-Air. The fashion executive secured his new Malibu home for $20 million less than its June asking price of $69 million, according to The Real Deal.

☆ See inside the biggest modern home in the US, a 105,000-square-foot Los Angeles megamansion that sold for $126 million to Fashion Nova's billionaire CEO
▼ + stars: | 2023-01-06 | by ( Sarah Jackson | ) www.businessinsider.com time to read: 1 min

As for The One, it still holds the title of biggest modern US home. Given its auction, however, it obviously no longer has the record for the most expensive home for sale in the US. Cody Boone, SERHANT StudiosCurrently, that record belongs to a $250 million penthouse in New York City called The One Above All Else. At 1,416 feet above the city, the penthouse is also the world's tallest residence.

☆ Meet Fashion Nova's billionaire CEO, who just bought a $40 million beach home after buying the biggest modern home in the US last year for $126 million
▼ + stars: | 2022-03-08 | by ( Áine Cain | Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Richard Saghian is best known as the fashion mogul behind fast fashion brand Fashion Nova. Saghian is also snapping up pricey real estate. But that isn't his first big real estate purchase in LA. Last year, he shelled out $126 million for a Bel-Air megamansion, the biggest modern home in the US. The billionaire exec recently shelled out $40 million for a 6,000-square-foot home on Malibu's exclusive "Billionaire's Beach," The Real Deal reported.

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