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
According to the listed addresses for both properties, Saghian's new home is just a 20-minute drive from his megamansion in Bel-Air.
"There is nothing else like it," Saghian said in reference to"The One" in a statement to Insider in March."As a lifelong Angeleno and avid collector of real estate, I recognized this as a rare opportunity that also lets me own a unique property that is destined to be a part of Los Angeles history." 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. TheThe previous owner, nursing home mogul Lee Samson, bought the property for $22 million in 2015 and worked with architect Richard Landry to redesign the modern home, which was originally built in 1976, the Zillow listing says.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rockslide closes PCH lanes in MalibuA rockslide Thursday morning has prompted closure of westbound lanes of Pacific Coast Highway at Big Rock Drive.
Read more »
WSJ News Exclusive | ‘Get Out’ and ‘BlacKkKlansman’ Producer Is Buyer of $91 Million Malibu HomeHamm's Beer heir and movie producer Edward H. Hamm Jr. is the buyer who paid $91 million for an oceanfront home in Malibu. The deal was one of the priciest home sales in the U.S. last year.
Read more »
Nonprofit Financed by Billionaire George Soros Quietly Donated $140 Million to Political Causes in 2021A nonprofit financed by billionaire George Soros quietly donated $140 million to advocacy organizations and ballot initiatives in 2021, plus another $60 million to like-minded charities, CNBC reports
Read more »
Chicago mayor's race gets nasty over cryptoThe crypto billionaire is being used in Democratic primary fights.
Read more »
Musk's pick for House speaker takes another LElon Musk has endorsed Kevin McCarthy for Speaker of the House, mere hours before the seventh, eighth and ninth ballots for the position once again failed to produce a winner.
Read more »
NYC billionaire Tony Malkin’s New Year’s Eve fireworks sparked New Zealand fire, enraging neighborsA New York City billionaire staged a private New Year’s Eve display that set a hillside ablaze near his New Zealand estate — and nearby residents are reportedly smoking mad.
Read more »