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News Uptake
Fashion company Fashion Nova's billionaire CEO Richard Saghian bought mega mansion The One Bel Air in Los Angeles in 2022 for $126 million.
Its total cost came to $141 million including fee and commission.
Saghian bought this huge property at a bankruptcy auction.
The property came from Hollywood producer turned real estate developer who took 10 years to develop it and expected a whopping $500 million as its price.
With no buyers bid at such a high price, the property went for auction and was finally bought by Saghian at a total price of $141 million.
A beautiful glass sculpture by Italian glassmaker Simone Cenedese stands elegantly in the lawns as you approach the sprawling mansion.
The One Bel Air has 21 bedrooms, 42 bathrooms and 7 half-bathrooms.
There are five swimming pools inside the property.
The dining room boasts of a 10,000-bottle wine cellar.