Egyptian billionaire Nassef Sawiris buys $24mln Trousdale Estates – report

Egyptian billionaire Nassef Sawiris was the mystery buyer who recently paid north of $24 million for a strikingly glamorous and photogenic mansion in Trousdale Estates, DIRT luxury real estate news reported on Monday.

Sawiris’s home in Beverly Hills is the modernist structure was built in the late 1960s and sits atop one of the most desirable ridges in the Trousdale neighborhood.

The estate is now undeniably far more stylish than ever, with extraordinarily high ceilings, walls of glass and blonde hardwood floors throughout.

All five of the 7,000-square-foot home’s bedrooms sport ensuite full baths, and are joined by a gym, a wood-paneled office, an open-concept joint living, and dining area with a gourmet kitchen and wet bar.

Out front, there are walls and dual driveway gates guarding access to the property, in addition to a two-car carport, there’s also a substantial motorcourt with space for several additional vehicles.

In 2009, the American veteran real estate developer Eddie Israel had bought the property and paid $5.1 million for the bedraggled house and enlisted architect William Hefner to reimagine the premises.

The listing called the Sawiris house “a showplace adjacent to some of the most important estates in the city,” and indeed there are some very spectacular homes on the same street.

Sawiris’s next door is a two-house compound owned by French billionaire Bernard Arnault, the world’s current richest man.

In addition to that the businessman Sawiris has big real estate transactions such as luxury homes in Cairo and London, he also owns a $70 million penthouse in Manhattan.

Sawiris born and raised in Cairo, he is the youngest of three sons born to Onsi Sawiris, the late business mogul who built the Orascom Group into a worldwide conglomerate with interests in construction, tourism, hospitality, tech and media.

Sawiris is now far richer than his two older brothers, according to Forbes, with a $7 billion net worth partly thanks to a 6 percent stake in Adidas.


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