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Real Estate newsletter: A busy week for billionaires

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Welcome back to the Real Estate newsletter, your weekly window into Southern California’s over-the-top housing market where the rich swap estates at the same rate that kids swap trading cards.
It was another wild week of winners and losers. WhatsApp founder Jan Koum picked up his second Malibu beach house (right next to his other one, which he spent $100 million on in 2019), while mall magnate Rick Caruso (that name you see plastered all over the Grove and the Americana at Brand) looked to sell his slice of the coastal city.
Over in Beverly Hills, Justin Bieber took a loss on his 1930s Colonial-style mansion — though he’s probably not sweating the deficit too much after picking up a $25.98-million home in Beverly Park last summer.

Brentwood , California , United-states , United-kingdom , Sherman-oaks , Beverly-hills , Hollywood , Mount-washington , Calabasas , Newport-beach , The-grove , British

Justin Bieber sells Beverly Hills home at a loss

Justin Bieber just sold his Beverly Hills home for $7.955 million, about half a million shy of what he paid for the property in 2019.

Hollywood , California , United-states , Beverly-hills , Justin-bieber , Douglas-elliman , Steven-schaefer , Dalton-gomez , Charles-infante , Matt-altman , Jay-luchs , Youtube