Not content to pause after purchasing "The One" megamansion for $126 million in March, the Fashion Nova founder also added the $40 million Billionaire's Beach property to his portfolio recently.
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Richard Saghian, chief executive and founder of the online retailer Fashion Nova, confirmed to The Times that he submitted the winning bid for The One — the biggest residence in Los Angeles.
Richard Saghian, chief executive and founder of the online retailer Fashion Nova, confirmed to The Times that he submitted the winning bid for The One — the biggest residence in Los Angeles.
Richard Saghian, CEO of fast-fashion business Fashion Nova, has emerged as the winner of a $121 million bid for an L.A. mansion known as 'The One', less than a third of its $500 million value.
The home has undergone extensive renovations ever since the comedian first purchased the it in 2001 for $4 million and is located in the exclusive Trousdale Estates neighborhood.
David Spade, 57, is selling his longtime Beverly Hills mansion for nearly $20 million, after purchasing it in 2001 for only $4 million. He has extensively renovated it in the years since.