A Bel-Air mansion has changed hands with billionaires on both sides of the deal.
Lapro Property Trust, an entity tied to Australian billionaire Nick Molnar, flipped a Richard Manion-designed property that he bought two years ago, The Real Deal has learned.
The home on Copa De Oro Road traded for $36.4 million, according to a deed filed in Los Angeles County records. Molnar, the co-founder of tech firm AfterPay, bought the home for $34.8 million from hotelier Sam Nazarian in 2022. The six-bed, eight-bath mansion, described in listings as a “spectacular traditional estate” that was recently updated, contains features such as a fireplace lounge, a professional fitness studio and an outdoor patio with barrel sauna. The transaction closed on Nov. 13.
The buyer is H. Roger Wang, the head of Chinese development firm Golden Eagle International, and his wife Vivine. Wang, who has a net worth of $2.5 billion according to Forbes, came to the U.S. in the 1970s and made a fortune building condominium projects in Los Angeles. His firm, which is based in Nanjing, builds mall and office projects in the eastern region of China.
In May, Molnar figured in one of the priciest home sales in Los Angeles County this year.
He bought a Holmby Hills estate from British singer Robbie Williams in a $65 million deal. The property, known as the “Funny Girl Estate,” was built for comedian Fanny Brice in 1938. At the time of the transaction, it was the most expensive home sale in the county.
It has since been surpassed by a deal involving Laurene Powell Jobs, founder and president of philanthropy and venture capital firm Emerson Collective, and widow of Apple co-founder Steve Jobs. In June, she paid $94 million for 28106 Pacific Coast Highway, a four-bedroom, four-bathroom oceanfront home in the Paradise Cove section of Malibu.
Molnar could not be reached for comment.