The oldest son of Rupert Murdoch has snapped up a Bel-Air home and set a new record high for California.
But the eyewatering $150 million he paid for the 10 acre Chartwell estate overlooking Los Angeles and the Pacific Ocean was still a saving of 57% on the asking price in 2017.
The home won’t much of a dent in Murdoch’s fortune though as he will share a $12 billion windfall with 5 siblings from the sale of 21st Century Fox assets to Disney.
His new estate has been seen by millions worldwide as it was featured in the hit TV show The Beverly Hillbillies many decades ago.
Lachlan Murdoch bought the home from the estate of Univision supremo Jerry Perenchio.
Big money transactions
While setting a new high for California, the transaction was not the only residential real estate deal this year to top $100 million. In fact, there were at least three according to Bloomberg: a record $288 million paid by Citadel founder Ken Griffin for a New York Central Park penthouse; a $111 million mansion in Palm Beach, FL, acquired by hedge fund billionaire Steven Schonfeld and his wife Brooke; and a $120 million estate at Holmby Hills, Los Angeles.
The listing agents were Drew and Susan Gitlin of Berkshire Hathaway HomeServices California Properties; Joyce Rey, Jade Mills and Alexandra Allen of Coldwell Banker Global Luxury; and Drew Fenton, Jeff Hyland and Gary Gold of Hilton & Hyland.
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