'Usually preferring to stay out of the spotlight, Fashion Nova’s founder and CEO Richard Saghian made an unusually splashy purchase this week, paying $141 million for a mega-mansion in Bel Air. The Los Angeles home called ‘the one’, which the developer had hoped to sell for a reported $500 million is being sold to fashion nova’s owner for less than half that lofty amount. The house is being sold during a bankruptcy auction through concierge auctions this week. It was originally listed at $295 million dollars. Read the full story on Forbes: https://www.forbes.com/sites/emmareynolds/2022/01/27/the-one-in-la-could-become-the-most-expensive-home-ever-sold-in-the-us-at-295-million/?sh=4f49b5cb17d6 Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.'
Tags: rich , technology , entrepreneurship , Business , Money , fashion nova , billionaire , forbes , finance , Personal Finance , Investing , Forbes Media , Forbes Magazine , Forbes Digital , the one
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