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

Simon Fuller, creator of all "Idol" franchises, sold house for $14.6M

Oct.October 10, 2016 02:38 PM

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. 

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 

Related Articles

Four of the top residential listings in LA this week

Here are the priciest resi listings in LA County last week

Larry King and Shawn Southwick

Larry King is saying “so long” to Beverly Hills Flats mansion

The top five listings of the last seven days

Here are the priciest resi listings in LA County last week

Late Microsoft cofounder Paul G. Allen and the property (Credit: Redfin and Getty Images)

The late Paul Allen’s 120-acre plot of land in Beverly Hills gets a massive price chop. Sound familiar?

Bilgili Development’s Serdar Bilgili and Michael Shvo with a rendering of 9200 Wilshire Boulevard (credit: Getty Images and MVE Architects)

Michael Shvo and partners snag $190M construction loan for Beverly Hills condo project

Clockwise from top left: 1155 Angelo Drive, 1116 Laurel Way, 613 N. Sierra Drive, 32453 Pacific Coast Highway and 705 N. Arden Drive (Credit: Redfin)

Beverly Hills dominates list of top resi sales in LA County last week

Clockwise from top left: 12921 Marlboro Street, 22102 Pacific Coast Highway, 21536 Pacific Coast Highway, 820 N. Roxbury Drive and 334 S. Burlingame Avenue (Credit: Redfin)

Here are the priciest resi listings in LA County last week

2571 Wallingford Drive in Beverly HIlls (Credit: iStock)

Gala Asher’s Wallingford Estate in Beverly Hills just got a $25M price slash