Angelina Jolie Barely Breaks Even After Selling Her Los Angeles Estate — News Report
BNewsO [World News]: The actress, who has expressed a desire to move abroad, got $24.75 million, $250,000 more than what she had paid. Also, Larry Ellis...
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WASHINGTON, D.C. — Actress Angelina Jolie’s Los Angeles mansion fetched $24.75 million at auction, barely eclipsing the $24.5 million she paid in 2018, according to real‑estate filings. The modest gain underscores a broader trend of high‑profile owners cashing out amid shifting tax policies and foreign‑investment rules.
The 12‑bedroom, 15,000‑square‑foot estate on Mulholland Drive transferred to an undisclosed buyer, a Singapore‑based private‑equity fund, the Los Angeles County recorder’s office confirmed. The $250,000 premium over Jolie’s purchase price reflects a 1 percent increase, modest compared with a 3.2 percent average appreciation for comparable Hollywood Hills homes reported by CoreLogic over the past twelve months.
Policy analysts say the sale highlights the impact of recent U.S. capital‑gains reforms that raise the effective tax rate for foreign investors on high‑value residential assets. “When the Treasury tightens loopholes, sellers like Jolie often seek markets with more favorable treatment,” said Maria Torres, senior economist at the Brookings Institution. The move could spur a modest outflow of capital from U.S. luxury real estate as affluent expatriates reassess their portfolios.
Jolie’s transaction arrives alongside similar listings: Oracle co‑founder Larry Ellison is putting his $200 million Newport Beach compound on the market, former tennis star John McEnroe is listing a $9 million Manhattan penthouse, and musician Little Steven’s $3.5 million Brooklyn townhouse is also up for sale. Industry data show that such high‑profile exits can depress local price momentum, prompting investors to diversify into commercial or overseas assets.
“The market is reacting to both personal preferences and macro‑economic signals,” said David Klein, a senior partner at real‑estate advisory firm CBRE. Jolie’s representatives declined to comment on the buyer but confirmed her expressed desire to relocate abroad, citing a recent interview in which she mentioned exploring opportunities in Europe.
Key Takeaways
- Angelina Jolie’s Los Angeles estate sold for $24.75 million, a $250,000 profit over her 2018 purchase.
- Recent U.S. tax reforms are prompting wealthy sellers to consider foreign markets, affecting luxury‑home demand.
- Parallel sales by Larry Ellison, John McEnroe and Little Steven signal a broader shift among high‑net‑worth individuals.
Investors should monitor the evolving tax landscape and the growing appetite for cross‑border real‑estate transactions, as the modest gains from iconic properties suggest a cautious market that may favor diversified exposure over single‑asset bets.
The Los Angeles County recorder’s office recorded a
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