Wall Street Titan Drops $58 Million on Celeb-Pedigreed Beverly Hills, Malibu Estates
[...] Scot French [...] acquire two homes in ultra-posh neighborhoods, both of them loaded with interesting Hollywood histories.
French’s first purchase closed in July 2020, when he dropped $32.5 million on a tennis court estate in prime Beverly Hills. The property’s seller was Jonathan Brooks, a local hedge fund manager who had originally acquired the place in 2006 from Brad Pitt and Jennifer Aniston, paying about $25 million. Designed by Wallace Neff, the two-parcel compound was also once owned by actors Fredric March and Florence Eldridge, and much later by philanthropist Wallis Annenberg.
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In September 2021, French traveled to Malibu, where the jetsetter forked out another $25.5 million to buy a lavish oceanfront home. And in what was likely not a coincidence, the home’s seller was once again Jonathan Brooks, who had acquired the Encinal Bluffs villa in 2005 from Nicolas Cage, paying nearly $10 million. During his 17 years of ownership, Brooks rebuilt and expanded the former Cage hideaway, transforming the property into a slick contemporary with “five-star resort-like” features, per the listing. The deal closed off-market, though Brooks had publicly wanted as much as $30 million for his Malibu place.
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Author: James McClain
May 5th, 2022
Photos: Roger Davies
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