Movie star Tom Cruise has sold his Beverly Hills estate to financier Leon Black for $39 million.
It’s official: Hollywood leading man Tom Cruise has sold his home in Beverly Hills in a deal completed off-market. The sale price was $39 million, according to agents not authorized to comment on the sale.
The “Mission: Impossible” franchise star, after nearly a decade of ownership, quietly floated the acre-plus estate last year with a whisper price of $50 million. He bought the property in 2007 ago from Kurt Rappaport, co-founder of the luxury brokerage Westside Estate Agency, for $30.5 million in another sale finalized outside the Multiple Listing Service.
The buyers, through a limited liability company, were identified as billionaire financier Leon Black and his wife, Debra. Black, who co-founded the private equity firm Apollo Global Management in 1990, has an estimated net worth of $4.7 billion, according to Forbes.
While details are scarce, tax records show the hedged and gated estate centers on a main house of more than 10,000 square feet. Seven bedrooms and nine full bathrooms are among 35 total rooms.
A swimming pool, a tennis/basketball court, two detached structures, lawns and formal landscaping make up the grounds. A large motor court sits off the entrance to the home.
Michael Eisenberg of Keller Williams held the pocket listing. Sharyn Gertz of The Agency and Fred Bernstein of Westside Estate Agency represented the buyers.
Calls seeking comment were not returned.
Cruise, 53, received Oscar nominations for “Magnolia” (1999), “Jerry Maguire” (1996) and “Born on the Fourth of July” (1989). He is set to reprise his role as Jack Reacher in the action film “Jack Reacher: Never Go Back,” due out later this year.
The sale is the latest move by the actor, who has been in sell mode as of late.
Last year, Cruise divested himself of a gated compound in Hollywood Hills West for $11.4 million. His 298-acre retreat in Telluride, Colo., was also put up for sale last year and is currently listed for $59 million.
Source: Los Angeles Times