Billionaire money manager’s son buys Beverly Hills pad for $16.3M

Phillip Sarofim, the son of Fayez Sarofim, nabbed the home at a discount to its asking price

TRD LOS ANGELES /
May.May 01, 2017 04:36 PM

Trousdale Estates in Beverly Hills has attracted another wealthy family with billionaire ties.

Phillip Sarofim, son of Texas billionaire and fund manager Fayez Sarofim, purchased a home on Dabney Lane last week for $16.3 million, an estimated $2.2 million under the asking price of $18.5 million, The Real Deal has learned.

The 6,200-square-foot property features five bedrooms ans six bathrooms. The home hit the market in February.

Described as having “Sinatra’s flair with Bond technology,” the mid-century modern home features heated terrazzo floors and a poolside bar and floating lounge, according to listing details.

The seller is an entity registered to Michael Wunderman, son of the late Swiss luxury watch manufacturer Severin Wunderman who built Gucci timepieces into a premier brand. The entity purchased the home in 2010 for $3.4 million, according to property records.

Branden and Rayni Williams of Hilton & Hyland represented the seller. Andreas Elsenhans of John Aaroe Group represented the buyer.

The Sarofim family is a staple in the Houston social circuit. The clan caused a bit of stir three years ago when the elder Sarofim proposed to his son, Phillip’s, mother-in-law Susan Krohn, founder and owner of Brooke Staffing Companies and New Orleans Auction Galleries.


Related Articles

arrow_forward_ios
Elvis and Priscilla Presley with the home (Credit; Bettmann/Getty Images)

Elvis Presley’s former Holmby Hills home sells for $30M

Elvis Presley’s former Holmby Hills home sells for $30M
Kathy Griffin and the home (Credit: Douglas Elliman and Tibrina Hobson/Getty Images)

No laughing matter: Kathy Griffin wants $16M for Bel Air manse

No laughing matter: Kathy Griffin wants $16M for Bel Air manse
James Cameron and the property (Credit: Mike Pont/FilmMagic via Getty Images, and The Altman Brothers)

James Cameron lists longtime Malibu haunt for $25M

James Cameron lists longtime Malibu haunt for $25M
Taraji P. Henson, Cardi B, and Matthew Perry (Credit: Rich Fury/Getty Images, Frazer Harrison/Getty Images, and Frederick M. Brown/Getty Images)

Cardi B, Taraji P. Henson among celebs renting $35K/month Malibu pad

Cardi B, Taraji P. Henson among celebs renting $35K/month Malibu pad
Alexandra von Furstenberg and a rendering of the home (Credit: Steve Granitz/WireImage via Getty Images, and Reltor.com via Variety)

Alexandra von Furstenberg picks up unfinished mansion in Beverly Park

Alexandra von Furstenberg picks up unfinished mansion in Beverly Park
Justin and Hailey Bieber with the home (Credit: Jon Kopaloff/Getty Images, and Realtor.com via Variety)

Justin Bieber, Hailey Baldwin upgrade to $26M manse in Beverly Park

Justin Bieber, Hailey Baldwin upgrade to $26M manse in Beverly Park
Matthew Perry and the home (Credit: Jason Kempin/Getty Images, and Redfin via Variety)

Matthew Perry lists Malibu pad as DTLA penthouse still sits on market

Matthew Perry lists Malibu pad as DTLA penthouse still sits on market
Rande Gerber and Cindy Crawford with the home (Credit: Realtor.com via Los Angeles Times, and Tal Rubin/GC Images via Getty Images)

Cindy Crawford and Rande Gerber list Beverly Hills home, testing luxury market

Cindy Crawford and Rande Gerber list Beverly Hills home, testing luxury market
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...