Foreign Property News | Posted by Zarni Kyaw
Madonna has made nearly $4 million from a collaboration with The Weeknd, and she didn't have to sing a note.
The Material Girl, 64, has sold the Hidden Hills, California mansion she purchased in 2021 from the Canadian hitmaker, 33, for $23 million, about $3.7 more than the $19.3 million she paid for the abode.
The Vogue songstress had put the luxe property on the market for $26 million, TMZ reported Monday, before lowering the asking price to $23.5 million.
Amid negotiations with the eventual buyer - Korean crypto billionaire Kim Hyoung-nyon - Madonna took another $500,000 off her asking price, coming to the $23 million sale price both sides agreed to.
The Like A Virgin singer conducted the sale through The Beverly Hills Estates' Trevor Wright.
(The latest: Madonna, 64, has sold the Hidden Hills, California mansion she purchased in 2021 from The Weeknd, 33, for $23 million, about $3.7 more than the $19.3 million she paid for the abode)
(The Vogue songstress had put the luxe property on the market for $26 million before lowering the asking price to $23.5 million. Pictured in February in LA)
(The Weeknd was pictured at an event in support of his HBO series The Idol on May 23 in Cannes, France)
The estate in the luxe locale, which sits north of Calabasas and west of the San Fernando Valley, is more than 12,500 square feet, sprawled across three acres.
The home has nine bedrooms and 11 bathrooms and includes amenities such as a saltwater pool, movie theater, wine cellar, library and musical lounge.
According to a 2022 Forbes profile, Kim Hyoung-nyon has a net worth of $1.95 billion from his business endeavors as the cofounder and executive vice president for the South Korean cryptocurrency exchange Dunamu.
The Weeknd recently worked with Madonna on the song Popular, which is featured in his new HBO series The Idol. Playboi Carti was also featured on the track.
(Amid negotiations with the eventual buyer - Korean crypto billionaire Kim Hyoung-nyon - Madonna took another $500,000 of her asking price, coming to the $23 million sale price both sides agreed to)
(The Weeknd recently worked with Madonna on the song Popular, which is featured in his new HBO series The Idol)
Ref: Madonna makes nearly $4 million on sale of Hidden Hills mansion that she purchased from The Weeknd two years ago (dailymail)