Billionaire Snapchat CEO Evan Spiegel Finally Sells Brentwood Mansion After Slashing Price by $4 Million

Billionaire Snapchat CEO Evan Spiegel can toast to another (semi) successful deal after finally securing a buyer for his Brentwood, CA, mansion.

But only after he agreed to settle for an offer that was $4 million below his original asking price.

The 34-year-old, who is married to supermodel Miranda Kerr and has an estimated net worth of $2.9 billion, according to Forbes, originally listed the six-bedroom, eight-bathroom mansion for $19.95 million in March. In July, the price went down to $17.75 million. Still nobody “snapped” it up.

Finally, the 7,164-square-foot dwelling changed hands in a sale with an even lower number: $16.1 million.

Spiegel still walks away with a hefty profit, having paid $12 million for the home in 2016.

(Billionaire Snapchat founder Evan Spiegel has finally sold one of his Brentwood, CA, homes. Justin Sullivan/Getty Images)

(The formal living room opens to the terrace.Realtor.com)

(A breakfast nook with banquette seating is near the kitchen. Realtor.com)

And now, he can focus his efforts on securing a buyer for the other Brentwood home he’s currently trying to sell, a Spanish-style abode listed at $4,950,000.

Both Spiegel and Kerr listed their individual properties for sale, after they moved into an incredible $120 million compound in Los Angeles, where they now live with their children.

The enormous property offers the pair ample space and maximum privacy—and plenty more land than they were afforded at their previous homes.

(Incredible views can be enjoyed from the primary suite. Realtor.com)

(There are double sinks in the main bath.Realtor.com)

(The property includes a pool house and a guest cottage.Realtor.com)

Spiegel developed Snapchat, originally called Picaboo, in 2011. Now, the wildly popular instant messaging app is ubiquitous and used by millions across the globe to send pictures and messages.

The tech entrepreneur’s wife, Kerr, also boasts her own business, a beauty brand called KORA Organics, which she founded in Australia in 2009, before taking it global several years later.

The couple have three children together: sons Hart, Myles, and Pierre. Kerr also has a son, Flynn, with her ex-husband, Orlando Bloom.

Ref: Billionaire Snapchat CEO Evan Spiegel Finally Sells Brentwood Mansion After Slashing Price by $4 Million Photo Credit- Justin Sullivan/ Getty Images, realtor