Lauren Beale of the Los Angeles Times reports the rap mogul and Beats Electronics founder has officially purchased Tom Brady and Gisele Bundchen’s $40 million mansion estate in Brentwood, Los Angeles. According to Beale, the four-acre property features a French chateau surrounded by gardens, a cobblestone motor court and a moat teeming with koi fish. Designed by architect Richard Landry, the home is an 18,298-square-foot mansion with five bedrooms, nine bathrooms, a library/study, a gym, a sauna, covered terraces and seven fireplaces—because no chateau worth its mortar has fewer fireplaces than bedrooms. While a $40 million home is the height of extravagance, the price Dre paid for the property is substantially less than the original listing. Brady and his wife placed their mansion on the market with the asking price of $50 million, which Dre was presumably able to haggle down by a tidy $10 million. Dre’s purchase comes fast on the heels of the decision to sell his thriving music streaming and headphone company he co-founded in 2008 to Apple. According to Elizabeth Lazarowitz and Cory Siemaszko of the New York Daily News, the producer and his business partner Jimmy lovine sold Beats Music and Beats Electronics to the multinational corporation in May for $2.6 billion in cash and $400 million in stock options. Dre and lovine also accepted positions as Apple executives working under CEO Tim Cooke as part of the deal. Naturally, selling his headphones company has landed Dre firmly in the black, with more than enough cash on hand for snapping up mansions with moats. As for Brady and Bundchen, according to an article on Trulia (h/t Tony Manfred of Business Insider), the two are in the market for an apartment in New York City. They reportedly were looking at an $11.5 million duplex in Manhattan earlier in the year. bleacherreport/articles/2085679-dr-dre-buys-tom-brady-and-gisele-bundchens-moated-mansion-for-40-million
Posted on: Thu, 05 Jun 2014 12:48:49 +0000
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