Richard Saghian, owner of fast-fashion juggernaut Fashion Nova, was the winning bidder who spent $141 million to buy “The One” mega-mansion, he confirmed to The Times.
Saghian, whose company has benefited from its association with celebrities and influencers such as rapper Cardi B, model Kylie Jenner and pop superstar Lil Nas X, beat out four other bidders Thursday for the 105,000-square-foot house on a Bel-Air hilltop — the largest home in Los Angeles.
The Williamses, along with Stuart Vetterick of Hilton & Hyland, represented Saghian in the deal. The brokers previously represented him in the Malibu purchase, as well. Nondisclosure agreements kept all three from discussing the buyer, and covered others involved in the auction. In the days since the sale, multiple sources told The Times the winning bidder was Saghian.
Read full article here.