Man behind “American Idol” makes $6.1M profit on Beverly Hills estate

Simon and Natalie Fuller (Getty Images) and the estate they sold in Beverly Hills (via Hilton & Hyland)
Simon and Natalie Fuller (Getty Images) and the estate they sold in Beverly Hills (via Hilton & Hyland)

Simon Fuller, the creator of the “Idol” franchise, which includes “American Idol,” is singing a victory song over the sale of his Beverly Hills estate.

The producer and his interior designer wife, Natalie Fuller, sold the 8,000-square-foot manor directly south of David Geffen’s 10-acre estate for $14.6 million, Variety reported. They made a $6.1 million profit on the five-bedroom home, which they acquired in 2005 for $8.5 million. 

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The traditional minimalist estate on Ridgedale Drive sold well below its asking price, however. It was listed for $15.9 million recently, a huge cut from its original $21.5 million ask in 2014. Hilton & Hyland had the listing.

Fuller and his wife own property around the world. Locally, in 2014, they sold their 12,400-square foot Bel Air mansion for $24 million for to billionaire businessman David H. Murdock. [Variety] — Hannah Miet