The 33-year-old pop star and entrepreneur, Rihanna has just bought up a 5,000 square foot house in Beverly Hills, belonging to her neighbor.
Her new property is right next door to the recently renovated 8k sq. ft. mansion she purchased for 13 million dollars last year! With both properties valued at over 10 million Dollars it’s clear that this woman knows how make some serious cash flow when you least expect it – especially after selling her company Fenty Beauty which was later acquired by L’Oréal Paris for an estimated 600M USD.
The two properties, located in the posh Beverly Hills Post Office neighborhood were purchased through trusts. Evan Jehle a partner at FFO and member Global Advisory Board Clara Lionel Foundation is listed as trustee on deeds for both transactions according to public records Property Shark.
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The first property that the star acquired—a white mansion with a seamed black roof and modern farmhouse feel–got complete overhaul by investor Daniel Starr, who purchased it in 2016 for $4 million. The residence can now be seen from Rihanna’s more recent acquisition due to its open floor plan which features several fireplaces as well tall hedges protecting against prying eyes.
There’s no denying that the seller had a lucrative year. They were able to sell their five-bedroom, six-bathroom home for just under $5 million in 2015 – which is an excellent price point if you ask us! The new owner will be lucky enough too because it has all these great features like exposed ceiling beams and wood details throughout; we’re sure they’ll love playing around with some ball games on this half basketball court/pool area too (that also comes complete with sauna!).
In a move that has left the music world wondering what it means for her future, Rihanna recently made an unexpected return to America. The news came after she rented out luxurious Victorian mansion in St John’s Wood neighborhood from London where rent prices can reach up £9 (or $14) per square foot!
Rihanna had been renting this expansive property for about six months before deciding on another change of scenery – but why? Is there anything hidden behind these decisions or does renting one house mean never buying something outright again?
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