Uber cofounder Travis Kalanick has been revealed as the buyer of a $43.3 million Los Angeles estate that sold last month, Katherine Clarke reported for The Wall Street Journal.
The former Uber CEO bought the estate for about 42% less than last year's asking price of $75 million after a three-year renovation. It was most recently listed for $68 million by Jeff Hyland, Drew Fenton, and Linda May of Hilton & Hyland, and Jade Mills of Coldwell Banker Global Luxury.
Kalanick's new property, known as the Bellagio Estate, sprawls across 1.7 acres in the heart of Bel Air, one of the most coveted areas in Los Angeles. The 20,000-square-foot mansion was built in 1931, designed by celebrated architect Paul Williams, whose homes attracted stars including Frank Sinatra, Lucille Ball, and Cary Grant.
Kalanick, who cofounded Uber in 2009, was the company's CEO until he resigned in 2017 after a series of scandals. At the end of 2019, he resigned from his board position, leaving the company for good.
Take a look inside the tech mogul's new Los Angeles property.
Read the original article on Business Insider
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