Walt Disney Company CEO Bob Chapek paid $12.5 million for a 6-acre estate in Westlake Village, near another mansion he owns.
Chapek’s new home on Woodland Grove Court has a 9,900-square-foot main house, according to Dirt, which first reported on the sale. It’s the priciest deal in the area since July 2019.
His new estate is about a mile from a smaller home he bought for $5.3 million in 2019. Chapek has relisted that property asking $7.5 million.
Chapek’s new mansion was built in 2013 and has six bedrooms and 6.5 bathrooms. It was custom-built for its original owner, businessman Ephram Nehme. Amenities inside include an onyx-topped wet bar, a library, and a gym. The rear of the home includes a fire pit and swimming pool.
The purchase comes as Disneyland is set to reopen at limited capacity at the end of April after more than a year. In recent months, the company has laid off thousands of employees across the country because of pandemic closures. That included 11,500 employees late last year from Disneyland and Disney California Adventure, according to the Orange County Register.
Disney also shuttered 60 of its 300 Disney Store retail locations nationwide.
[Dirt] —Dennis Lynch