Foreign Property News | Posted by Si Thu Aung
Rapper and designer Kanye West, now going by Ye, is ditching his Tadao Ando-designed Malibu masterpiece for $78.2m (US$53m) — a few years after splurging $84.5m (US$57.25m on the coastal crib. Insiders tell The Post that a concoction of factors, including the artist’s shaky finances, played a key role in his decision to unload this unique oceanfront abode, even at a loss. The music mogul acquired the beachfront property back in 2021 and embarked on an ambitious renovation project that remains incomplete. Jason Oppenheim, of the Oppenheim Group and “Selling Sunset,” stated that the roughly 372 sqm dwelling is in dire need of windows, doors, plumbing, electrical...
Knowledge | Posted by Si Thu Aung
Françoise Bettencourt Meyers, the heir to the L'Oréal beauty empire has become the first woman in the world to be worth over $100 billion, according to the Bloomberg Billionaires Index. Bettencourt Meyers' fortune crossed the $100 billion mark thanks to a rise in L'Oréal S.A. stock, which hit a record high on Thursday. On Thursday, her net worth reached $100.1 billion, per Bloomberg. The 70-year-old and her family hold a stake of about 35% in L'Oréal, which makes them the largest shareholders in the company founded by her grandfather in 1909. Bettencourt Meyers — who is also the world's richest woman — inherited tens of billions of dollars, as well...
Foreign Property News | Posted by Zarni Kyaw
A royal chair created for the boudoir of Marie Antoinette achieved €2.6 million (US$2.8 million) Thursday evening at Sotheby’s in Paris, setting a record for a single 18th-century chair. The sale was the first in a series of four physical and online auctions being held this month featuring the collection of the late Hubert Guerrand-Hermès, a fifth-generation descendant of Thierry Hermès, founder of the French luxury house. “Tonight’s sale was a celebration of prestigious provenance, as the undeniable response to Hubert Guerrand-Hermès’ eye for collecting showcased the continued demand for the most elevated world of refinement,” Mario...
Foreign Property News | Posted by Si Thu Aung
Zoe Saldaña was spotted taking advantage of the amenties in her new neighborhood of Montecito, California. The Avatar star, 45, and her family bought a $17.5 million mansion this fall in the city that is home to Meghan Markle and Prince Harry, Oprah Winfrey, and Ellen DeGeneres and Portia de Rossi. The mom of three and her husband Marco Perego, 44, walked hand in hand through the farmer's market. The Guardians of the Galaxy actress – who snapped a topless mirror selfie showing off her tattoo of her husband's face – wore skinny jeans tucked into brown boots with a bright blue button-down shirt with white stripes, a cropped white vest and a light blue pashmina. Marco...
Foreign Property News | Posted by Shwe Zin Win
Kanye West’s grand ambitions have never been a secret, but his latest endeavor might just take the cake. The rapper, known for his boundary-pushing projects and unreleased albums, is now setting his sights on an entire self-sustaining city in the Middle East called DROAM. That’s right — Ye wants to build a massive city halfway around the world. However, this move comes amid a backdrop of unfinished ventures and abandoned properties that have left fans both intrigued and skeptical. For years, West has teased fans with album announcements that never materialize, leaving devotees disappointed and frustrated. His latest project, a collaboration with Ty Dolla $ign,...
Foreign Property News | Posted by Zarni Kyaw
It was never officially on the market, but records now reveal that Robert Pattinson has stealthily sold his longtime Los Angeles home.Squirreled away high in the Hollywood Hills and acquired by the Batman and Twilight star some nine years ago for about $2.2 million, the house transferred in an all-cash deal valued at exactly $3 million. Records also indicate the buyer is not a Hollywood celebrity but rather an LLC linked to Frank Buckley, a financier and executive at the $9 billion hedge fund Marlin Equity Partners, which is headquartered in California’s Hermosa Beach neighborhood. Of course, it’s not exactly surprising that Pattinson would be in the mood...
Foreign Property News | Posted by Hnin Ei Khin
This rocker’s over-the-top mansion is back on the market, and with an ambitious new price tag. Six months after initially listing his bright yellow Los Angeles estate for $70 million, Rod Stewart has relisted the compound for $10 million more — bringing the new asking price to a cool $80 million. The 78-year-old Brit purchased the property back in 1991 for $12.08 million before having the current 12-bathroom, nine-bedroom, English-countryside-meets-Versailles-style manse custom constructed by Richard Landry according to the New York Times, which first reported the relisting. It appears that Stewart is really trying to get this home off his back. Shortly after first...
Local Property News | Posted by Hnin Ei Khin
The internet has thoughts on the new $200M California mansion of Beyonce and Jay-Z. Their new home is a massive 40,000 square feet and sits in a prime real-estate neighbourhood of Malibu, California. They bought the mansion from an art mogul who reportedly spent 15 years designing the dream home. Art collector William Bell who bought it in 2003 for $14.5 million – and spent the time since giving the home his own touches. But, as usual, the trolls have come out in force with their thoughts on the celebrity pair’s new home. The internet is claiming that all that they can see from the images is a “warehouse”. And somebody needs to get Jeff Bezos...
Foreign Property News | Posted by Shwe Zin Win
Mauro Porcini, chief design officer for PepsiCo and the 2022 American Prize for Design laureate, just bought a six-bedroom, new-construction modern home in Southampton for $4.69 million — complete with a Barbie-pink-and-baby-blue tennis court. Porcini worked closely with Mazi Holdings to build the property of his dreams, at 233 N. Magee St. The main floor of the 6,500-square-foot home is anchored by a light-filled great room with a fireplace and double-height ceilings, along with a dining room and chef’s kitchen. A finished basement boasts a gym, media room and wine cellar.Design details include a pink chandelier custom-designed by Jacopo Foggini in Italy, set in a living...
Foreign Property News | Posted by Si Thu Aung
The world’s third-richest man is on the prowl for a third home in Miami — as well as an oceanfront estate in Palm Beach, Florida, sources tell Gimme Shelter. Jeff Bezos recently bought two adjacent homes on the barrier island Indian Creek for a combined $147 million in two separate purchases. The Amazon and Blue Origin billionaire will most likely tear both down and build a mega-compound, sources say, adding that he’s searching for a third Miami home to buy and live in until the Indian Creek compound is move-in ready. Bezos and Lauren Sanchez were also spotted lunching in Palm Beach recently — once at Le Bilboquet on Worth Avenue with Hilfiger, Dee Ocleppo,...