Fashion Nova CEO Richard Saghian Buys $32 Million Beverly Hills Mansion
Fashion Nova CEO Sews Up Beverly Hills Mansion for $32 Million
Fashion Nova founder and CEO Richard Saghian is dropping $32 million on a stunning Beverly Hills mansion ... adding another prize to his impressive real estate portfolio.
Sources with direct knowledge tell TMZ ... Saghian threaded the needle on the beautiful 13,000-square-foot estate, which features 6 bedrooms and 8 bathrooms.
The property is packed with cool amenities ... including a movie theater, billiards lounge, hidden spa with a barber station, wine tasting room, basketball/pickleball court, putting green, and an outdoor kitchen with a pizza oven ... just to name a few.
Needless to say, the 3-story house comes with absolutely breathtaking views of the city and ocean.
Believe it or not, Saghian snagged the mansion for a discount -- it originally hit the market at $44 million, but with the help of his real estate agents, Branden Williams and Staurt Vetterick, he shaved $12 million off the price.
This is the second time Saghian and Williams have teamed up for a big purchase ... back in 2022, the CEO spent a whopping $141 million on "The One" mega-mansion in Bel Air -- the largest home in L.A.
We're told Saghian is in the process of renovating the 105,000-square-foot estate ... and plans to live in his new pad for the next two years.
The Beverly Hills Estates and Westside Estate Agency in Beverly Hills represented the buyer and the seller.