Connect with us

Hi, what are you looking for?

TOP news

Coinbase CEO Brian Armstrong has bought a $133 million mansion in Bel Air, a report says

Coinbase cofounder and CEO Brian Armstrong.

Photo by Steve Jennings/Getty Images for TechCrunch

  • Coinbase CEO Brian Armstrong has bought a $133 million home in Bel Air, sources told The WSJ.
  • Armstrong bought the near-five acre estate in LA from a Japanese entrepreneur, The WSJ reports.
  • The crypto entrepreneur is worth $9.6 billion, according to Bloomberg’s Billionaires Index.

Coinbase CEO Brian Armstrong has bought an estate in Bel Air in Los Angeles for $133 million, The Wall Street Journal reported.

Armstrong, who cofounded the cryptocurrency trading platform Coinbase in 2012, purchased the estate from a company linked to Japanese entrepreneur Hideki Tomita, according to records seen by The Journal.

The sale, which closed in December, marked one of the most expensive sales for a single-family house in Los Angeles, The Journal said.

Tomita bought the Bel-Air home for $85 million in 2018 from the daughter of billionaire Charles Bronfman, who was an heir of the drinks company Seagram, per records seen by The Journal.

A report by the Journal in 2018 said the estate, spread across nearly five acres, had a 19,000-square-foot mansion and a 6,600-square-foot, five-bedroom guest house. The mansion, designed by British architect John Pawson, had a theatre, spa, and gym, while the master suite included a hot tub and a fire pit, The Journal said.

Coinbase saw its stock take off after its direct listing in April, valuing Armstrong at $13 billion at the end of the company’s first day of trading. Armstrong’s net worth is currently $9.6 billion, according to Bloomberg’s Billionaires Index.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


You May Also Like

TOP news

Paul Sancya/AP On June 2, Delta will become the first US airline to pay its flight attendants for boarding time. Previously, flight attendants were...

Opinion

Adeline van Houtte is the Economist Intelligence Unit’s lead analyst on Russia. It looks like Russia is at it again, after the unusual movement...

World

The EU should play an active role in the upcoming U.S.-Russia talks over security concerns around Ukraine, the bloc’s top diplomat told German media...

Health Care

Former President Donald Trump confirmed he had gotten a booster during a live show with Bill O’Reilly in Dallas on Sunday.

Сentral Tribune - Politic News