Fashion Nova's Billionaire CEO Richard Saghian Buys Bel-Air Mega Mansion For $141 Million

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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

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