Fashion Nova CEO Richard Saghian Buys ‘The One’ Megamansion For $141 Million (2024)

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Fashion Nova CEO Richard Saghian Buys ‘The One’ Megamansion For $141 Million (2024)

FAQs

How much did Richard Saghian pay for The One? ›

Richard Saghian, owner of fast-fashion juggernaut Fashion Nova, was the winning bidder who spent $141 million to buy “The One” mega-mansion, he confirmed to The Times.

Who owns the 140 million dollar mansion in Bel Air? ›

The property known as "The One" had originally listed at $295 million, but recently sold at auction for close to $141 million. Richard Saghian, owner and chief executive of Fashion Nova, won the bidding war for the 105,000 square-foot home, according to The Los Angeles Times.

Who owned the Bel Air Mega mansion? ›

Fashion Nova founder and CEO Richard Saghian bought The One Bel Air, a 105,000-square-foot megamansion in Los Angeles, in 2022 for $126 million. With fees and commission, his total price came out to about $141 million.

Who bought the 295 million dollar house? ›

The buyer of the Bel-Air mega mansion dubbed 'The One' has been revealed to be none other than Fashion Nova CEO Richard Saghian days after the estate sold well below its asking price at auction.

How much did Fashion Nova get sued for? ›

Fashion Nova paid $4.2 million to settle FTC charges that the company once blocked negative reviews on its website and ended up misleading customers by giving the impression no one had big complaints. The FTC is now using that money to provide refunds.

Who owns the 139 million dollar house? ›

This contemporary style home, dubbed “LA FIN”, is located at 1200 Bel Air Road in Bel Air, Los Angeles, California and is situated on 2 acres of land. It is owned by Los Angeles real-estate investor and physician Joseph Englanoff.

Who owns the $88 million Bel Air mansion? ›

The Malibu mansion is far from Beyoncé and Jay-Z's first foray into pricey home buying, however. The power couple purchased a Bel-Air mansion for $88 million back in 2017.

Where is the 500 million dollar house? ›

The One is a private residence in Bel Air, Los Angeles, California, United States. It is a compound of a main residence and three smaller houses in the modernist style and was developed by Nile Niami. The property is 105,000 square feet (9,800 m2) on 3.8 acres (1.5 ha). Bel-Air, Los Angeles, California, U.S.

Who owns the biggest house in America? ›

A Marvel of Elegance and Charm. Experience America's Largest Home®, as magnificent today as it was more than a century ago. Your self-guided house visit spans three floors and the basem*nt of the luxurious family home of George and Edith Vanderbilt.

Who owns a 70 million dollar home? ›

Kim Kardashian Drops $70 Million on Malibu Mansion.

Who owns the biggest house in California? ›

Largest houses by floor space
RankSquare footage (Square meterage)Private owner (birthplace)
1120,000 square feet (11,000 m2)Richard Saghian
255,005 square feet (5,110.1 m2)Petra Eccleston
351,000 square feet (4,700 m2)John Brady (Bosnia and Herzegovina)
449,300 square feet (4,580 m2)Anthony Pritzker (United States)
13 more rows

How much did the house The One sell for? ›

Construction began in 2014. Following delays, it was completed in 2021. Niami initially sought to sell the mansion for $500 million, but his company fell into bankruptcy and the building sold at auction for $126 million, a record auction sale price in the United States.

How much did Fashion Nova payout? ›

The FTC announced in January 2022 that Fashion Nova agreed to pay $4.2 million to settle charges that the company misled consumers by representing that the reviews on its website reflected the views of all customers who submitted reviews, when in fact it suppressed reviews with ratings lower than four stars out of five ...

Who currently owns The One mansion? ›

Earlier this year, Richard Saghian, owner of the fast-fashion business Fashion Nova, bought the Los Angeles mansion known as “The One” for $141 million. The One was one of the biggest U.S. homes to ever go up for auction.

Do Fashion Nova partners get paid? ›

How much does a Brand Ambassador make at Fashion Nova in the United States? Average Fashion Nova Brand Ambassador hourly pay in the United States is approximately $52.38, which is 165% above the national average.

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