Coinbase CEO Brian Armstrong has bought a $133 million mansion in Bel Air, a report says
CoinbaseCEO Brian Armstronghas bought a $133 million home in Bel Air, sources told The WSJ.
- Armstrong bought the near-five acre estate in LA from a Japanese entrepreneur, The WSJ reports.
Coinbase CEO Brian Armstrong has bought an estate in Bel Air in
Armstrong, who cofounded the cryptocurrency trading platform Coinbase in 2012, purchased the estate from a company linked to Japanese entrepreneur Hideki Tomita, according to records seen by The Journal.
The sale, which closed in December, marked one of the most expensive sales for a single-family house in Los Angeles, The Journal said.
Tomita bought the Bel-Air home for $85 million in 2018 from the daughter of billionaire Charles Bronfman, who was an heir of the drinks company Seagram, per records seen by The Journal.
A report by the Journal in 2018 said the estate, spread across nearly five acres, had a 19,000-square-foot
Coinbase saw its stock take off after its direct listing in April, valuing Armstrong at $13 billion at the end of the company's first day of trading. Armstrong's net worth is currently $9.6 billion, according to Bloomberg's Billionaires Index.
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