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Jho Low, Riza Aziz and Mohamed Hadid with the Trousdale Estates mansion (Photos via Getty, Redfin)
A Trousdale Estates mansion in Beverly Hills that was built in part with money stolen in the 1MDB scandal just sold for $27.4 million.
In the latest sale, Steven Gilfenbain bought the 13,000-square-foot mansion at 912 North Hillcrest Road, according to the Los Angeles Times. He is founder of the grape distribution company Stevco Inc. The home had hit the market last summer for $30 million.
The story of the property starts in 2007, when spec mansion developer Mohamed Hadid bought the property for one of his spec projects. He built an Egyptian-themed home — pyramid included — and sold it to now-infamous fugitive Jho Low.
DelawareUnited-statesMalaysiaTrousdale-estatesCaliforniaHillcrestEgyptLos-angelesBeverly-hillsMalaysianLeonardo-dicaprioSteven-gilfenbainBeverly Hills mansion built by alleged 'Wolf of Wall Street' embezzler sells for $27.4 million Jack Flemming © (Mark Singer) The fully furnished mansion spans 13,000 square feet with six bedrooms, 11 bathrooms, motorized walls of glass and an infinity pool out back. (Mark Singer)
This 13,000-square-foot mansion in Beverly Hills has a new owner — one who wasn’t accused of laundering about $250 million from a Malaysian government investment fund and using the stolen cash to produce “The Wolf of Wall Street.”
It’s been a dramatic decade for the property perched in Trousdale Estates, which has been destroyed and rebuilt multiple times with questionable taste and dubious funding. In 2007, it was bought by Mohamed Hadid — the celebrity real estate developer known for building a 30,000-square-foot spaceship-like mega-mansion in Bel-Air before a court ordered it to be torn down two years ago.
DelawareUnited-statesMalaysiaTrousdale-estatesCaliforniaEgyptLos-angelesBeverly-hillsMalaysianNajib-razakMark-singerSteven-gilfenbain