10 hours ago
- Business
- Wall Street Journal
Richard Saghian, Owner of ‘The One' in Bel Air, Buys Another Los Angeles Home
Three years after buying the Bel Air megamansion known as The One, fashion executive Richard Saghian has paid $32 million for another Los Angeles-area spec home.
Saghian, the chief executive of fast-fashion giant Fashion Nova, paid all cash for a roughly 1.2-acre Beverly Hills estate built by L.A. developer Ramtin Ray Nosrati, according to a person familiar with the situation. The property was listed for $44 million and was on the market for less than a month.
