Beverly Hills is always in the news for its ultra-rich real estate and buyers, who are equally famous and ultra-rich. Many of you know that Beverly Hills is one of the most desirable areas of Los Angeles, home to many Hollywood celebrities.
Well, it’s not that anymore, with Hollywood celebrities, tech executives, athletes and politicians not lagging behind in buying fancy and chic properties. If you suddenly spot an Ex-WhatsApp Exec in your Beverly Hills neighborhood, don’t be surprised.
Jay Stein, ex-CEO of Stein Mart, had paid $ 31 million for a top-notch Bel-Air in the summer of 2019. After buying his new mansion in Bel Air, he put his old Los Mansion up for sale. Angeles. Initially he was asking for $ 30 million for this mansion, but the house had to wait over two years before it was finally sold at a discount rate of $ 22.3 million. While $ 22 million is a good price, it’s still less than what Stein originally had to pay for the house.
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Well, who are the lucky ones who got this new mansion from Jay Stein? Neeraj Arora and his wife Sunisha Chandhok. Arora, a former WhatsApp Exec, is an Indian immigrant who was previously a global business leader at WhatsApp.
He is the person who spearheaded a massive $ 22 billion deal between WhatsApp and Facebook in 2014. He and CEO Jan Koum also left the company in 2018 after reported clashes with Mark Zuckerberg and Sheryl Sandberg.
Now it is not known publicly what Arora’s exact net worth is, but it is highly likely that the $ 22 billion deal made him quite wealthy. Currently, Arora is working on a social media app called HalloApp. It is supposed to compete with WhatsApp.
Since Arora has a lot of money, they paid cash for their new purchase, as the records show. However, the couple still live in a $ 10 million house in Palo Alto.
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Elite property can be found in the 90210 Trousdale Estates neighborhood. The one-story mansion was built in 2016. Since Stein is a well-known art collector, he has filled the mansion with museum-worthy pieces. It was sold fully furnished. It has six bedrooms and seven bathrooms and covers an area of ââ8,400 square feet. Surprisingly, Jan Koum also owns a $ 125 million property in the same neighborhood.
It’s also worth noting that Jeff Bezos also owns a mansion in the area. It is no longer a surprise that all rich people develop a strong taste for expensive properties.
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