July 14, 2024

Fashion Nova's Billionaire CEO Richard Saghian Buys Bel-Air Mega Mansion For $141 Million | Forbes



Published July 21, 2023, 4:30 p.m. by Naomi Charles


Usually preferring to stay out of the spotlight, Fashion Nova’s founder and CEO Richard Saghian made an unusually splashy purchase this week, paying $141 million for a mega-mansion in Bel Air.

The Los Angeles home called ‘the one’, which the developer had hoped to sell for a reported $500 million is being sold to fashion nova’s owner for less than half that lofty amount. The house is being sold during a bankruptcy auction through concierge auctions this week. It was originally listed at $295 million dollars.

Read the full story on forbes: https://www.forbes.com/sites/emmareynolds/2022/01/27/the-one-in-la-could-become-the-most-expensive-home-ever-sold-in-the-us-at-295-million/?sh=4f49b5cb17d6

Subscribe to forbes: https://www.youtube.com/user/forbes?sub_confirmation=1

Stay Connected

forbes newsletters: https://newsletters.editorial.forbes.com

forbes on Facebook: http://fb.com/forbes

forbes Video on Twitter: http://www.twitter.com/forbes

forbes Video on Instagram: http://instagram.com/forbes

More From forbes: http://forbes.com

forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

You may also like to read about:



Resources:

Similar videos

2CUTURL

Created in 2013, 2CUTURL has been on the forefront of entertainment and breaking news. Our editorial staff delivers high quality articles, video, documentary and live along with multi-platform content.

© 2CUTURL. All Rights Reserved.