Celebrities, Tech Billionaires Dominated L.A.’s Biggest Real Estate Deals of 2020

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Even as the COVID-19 pandemic rages into its second year, the demand for L.A.’s luxury housing continues soaring long past unprecedented heights. Blame the nosebleed-high stock market, and th…

again dominated the top 40 list, accounting for more than half the entries and eight of the top 10 sales. Also dominating were tech tycoons — everyone from Elon Musk, StubHub’s Eric Baker and Uber co-founder Travis Kalanick to Honey co-founder George Ruan, Koum, and Jeffrey Gou, primary heir to Foxconn, the world’s biggest manufacturer of iPhones.

Rich Hollywood celebrities appeared, too, particularly those with multi-pronged revenue streams and fingers in many entrepreneurial pies. LeBron James, Kylie Jenner, Sofia Vergara, Travis Scott, and Justin Bieber all considerably upgraded their residential circumstances during 2020. And then there were buyers who came from industries that actually benefited by the pandemic. The stock of upscale home furnishings company RH, formerly known as Restoration Hardware, has performed well over the past year; longtime CEO Gary Friedman bought a $37 million mansion for himself. Online payroll processor Paycom more than doubled the net worth of its CEO Chad Richison in 2020, he purchased a $26.5 millionestate.

Head over to the gallery for a closer look at 2020’s 40 biggest transactions — 41 biggest, actually, thanks to a tie — recorded in the

 

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Yes with california high cost of living the rich people will be the only people living there. Thanks to the leadership of the democrats.

money, fame, beauty won't matter when CLIMATE CHANGE destroys everything. Nothing will be here except what's left of those boob jobs. When the last person dies 3 generations from now the Hollywood sign will be all that's left. Demand news to cover CLIMATE CHANGE more!

Duh wtf

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