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Saturday, November 23, 2024
Saturday November 23, 2024
Saturday November 23, 2024

Rihanna expands Beverly Hills real estate with $10 million acquisition

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Pop sensation Rihanna secures another Tudor-style home next to her existing Beverly Hills mansion, signalling further expansion of her impressive property portfolio

Rihanna, the global pop icon and entrepreneur, has made a new addition to her Beverly Hills real estate holdings by purchasing a neighbouring Tudor-style home for $10 million. This acquisition comes just months after buying a renovated mansion in the same upscale area for $13.75 million, illustrating her expanding footprint in one of California’s most coveted neighbourhoods.

Located in the prestigious Beverly Hills Post Office area, the new property spans 5,000 square feet and features five bedrooms, five bathrooms, and luxury amenities including a sauna, a half-basketball court, and a swimming pool. The house, which last changed hands in 2015 for just over $5 million, showcases traditional Tudor architectural elements such as exposed ceiling beams and extensive wood detailing throughout its expansive layout.

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This recent purchase through trusts linked to Rihanna’s financial management team underscores her savvy investment instincts and her commitment to consolidating her presence in a prime real estate market. Evan Jehle, a partner at the New York-based business management firm FFO and a member of the Global Advisory Board of Rihanna’s Clara Lionel Foundation, is listed as a trustee on the deeds for both transactions.

Rihanna’s move to acquire more property in Beverly Hills coincides with her return to the U.S. from London, where she was renting a Victorian mansion. The singer’s significant assets and business ventures, including her highly successful cosmetics and fashion brands, have propelled her to become the world’s wealthiest female musician, with a net worth estimated by Forbes at $600 million.

The first Beverly Hills property Rihanna purchased—a modern farmhouse-style mansion—underwent extensive renovations by investor Daniel Starr and features an open, indoor-outdoor floor plan, white oak floors, multiple fireplaces, and tall hedges for added privacy.

The star’s growing real estate portfolio not only reflects her business acumen but also her taste for luxury and privacy. With her continued success in the music and fashion industries, Rihanna’s investment in high-value properties seems to be both a personal pleasure and a strategic financial move.

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