Fashion Nova founder joins 'Billionaire's Beach' with all-cash purchase of $40 million Malibu property — a 20-minute drive from his $126 million Bel-Air mega-mansion

Jan 6 2023 by Business Insider

 
Fashion Nova founder Richard Saghian is beefing up his real estate portfolio with a new property on Malibu's exclusive Billionaire's Beach.

Rich Fury/Getty Images

Fashion Nova founder Richard Saghian is now a resident of Malibu's exclusive Billionaire's Beach. Saghian paid $40 million in an all-cash deal for the Malibu beachfront home. Less than a year ago, Saghian purchased "The One" in Bel-Air for $126 million, the largest modern home in the US. 

Fashion Nova founder Richard Saghian...

Continue Reading Fashion Nova founder joins 'Billionaire's Beach' with all-cash purchase of $40 million Malibu property — a 20-minute drive from his $126 million Bel-Air mega-mansion