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Jenner Sells

Kris Jenner sells Hidden Hills home opposite daughter Kim Kardashian’s mansion for $15M CASH! – Daily Mail

Kris Jenner sells Hidden Hills home opposite daughter Kim Kardashian’s mansion for $15M CASH – to the heiress who bought Kylie’s cosmetic’s brand for $600M

By Rachel Mcgrath For Dailymail.com

Published: | Updated:

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Keeping Up With The Kardashians momager Kris Jenner clearly knows how to negotiate a deal.

The 64-year-old sold her Hidden Hills mansion for $15 million cash in an off-market sale, Variety reported Tuesday.

The buyer is reported to be Katharina Harf, the younger daughter of Coty chairman and CEO Peter Harf, whose company last year acquired Kylie Jenner‘s cosmetics brand for $600 million in cash. 

Deal: Kris Jenner has sold her Hidden Hills mansion for $15 million in cash in an off market deal, Variety reported on Tuesday

Connections: The Keeping Up With The Kardashians momager, 64, sold to the daughter of the  chairman and CEO of beauty company Coty that paid $600 million cash for Kylie Cosmetics

As Variety reports, the property is located opposite the mega mansion owned by Kris’ daughter Kim Kardashian and husband Kanye West.

She purchased the property for under $10 million three years ago and gave it a designer makeover.

The main residence boasts six bedrooms and eight bathrooms over 9,459 square feet.

The landscaped grounds have a large swimming pool and an outdoor kitchen with fire pit. 

Exclusive neighborhood: The property is located opposite the mansion owned by Kris’ daughter Kim Kardashian and Kanye West.The landscaped grounds have a swimming pool and outdoor kitchen with fire pit

Professional touches: Kris bought the mansion for under $10 million three years ago, Variety reported, and gave it a designer makeover. The main residence boasts six bedrooms and eight bathrooms over 9,459 square feet

A spacious foyer with high ceiling has a wooden staircase leading to the upper floor with frosted glass panels along the landing.

There’s a roomy chef’s kitchen with a center island that doubles as a breakfast bar.

It has stainless steel appliances and wood accents and Italian marble slabs.

There are formal living and dining rooms as well a family room downstairs and another one upstairs. 

Airy: A spacious foyer with high ceiling has a wooden staircase leading to the upper floor with frosted glass panels along the landing

Luxury living: There’s a roomy chef’s kitchen with a center island that doubles as a breakfast bar. It has stainless steel appliances and wood accents and Italian marble slabs

Room to roam: There are options for eating, with an informal breakfast nook off the kitchen with swimming pool views and a formal dining room with modern gold chandelier

Pristine: The formal living room has a fireplace and doors opening out onto the yard

The master bedroom is situated on the ground floor with glass doors opening onto the back yard.

The bedroom has a stylish fireplace and dropped ceilings.

The en suite bathroom with wood floors and marble offers a standalone tub and a wall-to-ceiling shower with views over the gardens.

Naturally, there’s a large walk-in closet with custom white cabinetry. 

Retreat: The master bedroom is situated on the ground floor in a separate wing with glass doors opening onto the pool area

No expense spared: The en suite bathroom with wood floors and marble offers a standalone tub and a wall-to-ceiling shower with views over the gardens

Space for designer duds: Naturally, there’s a large walk-in closet with custom white cabinetry

The additional bedrooms with en suite facilities are located on the upper level.

There’s also a gym and the upstairs family room includes a wet bar. 

Kris won’t be made homeless by the sale, of course.

She has a number of multi-million dollar properties in her portfolio including ones which serve as homes for her famous reality TV children.

According to Variety, she also owns a $12 million desert getaway in La Quinta, California, three condos in Calabasas, and the Hidden Hills mansion she lived in with ex-husband Caitlyn Jenner and that was used for the family’s E! series. 

Plenty of places to sleep: The additional bedrooms with en suite facilities are located on the upper level

Space to relax: The upstairs family room includes a wet bar and there’s also a gym

Perfect for viewing: A downstairs family room has a large flat screen TV, sofas and plush carpeting

All business: Kris continues to own a number of multi-million dollar properties in her portfolio including ones which serve as homes for her famous reality TV children

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Categories
Buffett Sells

Buffett Sells More Stocks, Including Goldman Sachs, With No ‘Elephant-Sized’ Acquisition On The Horizon – Forbes

TOPLINE

Billionaire investor Warren Buffett, who told investors earlier this month that he had made a “mistake” betting on airlines, is continuing to sell stocks amid the coronavirus pandemic, the latest regulatory filing from Berkshire Hathaway shows.

Forbes Media Centennial Celebration

Buffett sold 84% of his stake in Goldman Sachs, a longtime holding.


2017 Daniel Zuchnik/WireImage

KEY FACTS

Buffett has remained relatively quiet during the coronavirus market downturn: Rather than make any “elephant-sized” acquisitions, he’s trimmed Berkshire’s holdings—mostly banks and airlines so far—and grown its cash pile to $137 billion.

The Oracle of Omaha’s biggest recent move was to sell off most 84% of his stake in Goldman Sachs, a longtime holding which he famously invested $5 billion into during the 2008 financial crisis.

Buffett decreased his stake in Goldman, which saw its stock plunge over 30% in the first quarter, from over 12 million shares to just under two million; His remaining investment is valued at around $330 million, Berkshire’s filing shows.

Berkshire Hathaway cut its stake in another bank, JPMorgan Chase & Co., by 3% in the first quarter, while also fully exiting positions in insurance giant Travelers and energy company Phillips 66.

Berkshire cut its investment in e-commerce giant Amazon by 0.7% in the first quarter—a relatively new bet first disclosed in 2019—as the retailer has warned of mounting costs as it faces challenges related to the pandemic.

Berkshire has been doing some small-scale buying during the pandemic as well, however: Buffett ended up boosting the conglomerate’s stake in PNC Financial Services Group, a bank which is among the biggest lenders in the United States, to 6%.

Key background

Buffett’s Berkshire Hathaway

BRK.B
reported a massive net loss of nearly $50 billion in the first quarter. The investing conglomerate sold $6.5 billion worth of stocks in the month of April, compared to buying only $426 million worth of equities during that period. “We did very little in the first quarter,” Buffett admitted at the company’s annual shareholder meeting in early May. The coronavirus market sell-off that occurred in late February and through most of March took a significant toll on the company’s businesses, he said. Berkshire’s cash pile rose from $125 billion to $137.3 billion, as the Oracle of Omaha continues to look for an elephant-size acquisition. Buffett also told investors that he had sold all of the company’s airline stocks, admitting that he had made a “mistake” and that “the world has changed for airlines.” Berkshire cut its holdings in the four largest U.S. airlines—United, American, Southwest

CSWC
and Delta Airlines

DAL
, which were cumulatively worth more than $4 billion.

What to watch for

In a remark similar to the ones he made to calm markets during the 2008 financial crisis—urging people to “Buy American,” Buffett recently said that he is optimistic that the U.S. economy can bounce back and overcome coronavirus. “I remain convinced… nothing can basically stop America,” he told Berkshire shareholders at the annual meeting. “In the end, the answer is: Never bet against America.”

Further reading

Forget Buffett’s Next Big Deal, He’s Dumping These Stocks (Forbes)

Warren Buffett Sells Airline Stocks Amid Coronavirus: ‘I Made A Mistake’ (Forbes)

The U.S. Economy Will Beat Coronavirus, Buffett Says: ‘Never Bet Against America’ (Forbes)

Berkshire Hathaway Lost $50 Billion Last Quarter As Warren Buffett’s Investments Took A Hit From Coronavirus (Forbes)

What Is Warren Buffett Up To? Berkshire Swooped In During 2008, But What’s Its Power Play For 2020? (Forbes)

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