Celebrities Who Invest in Real Estate
It’s easy to see why many stars invest in real estate. Leonardo DiCaprio, Nicolas Cage, Robert De Niro, and Sting are among the many stars who’ve jumped on the real estate bandwagon. They have homes in every major port and private jets to get between them. Are you curious about the real estate market and wondered if your favorite celebrities are investing in them? Let’s take at some of the top celebrities who invest in Real estate.
Leonardo DiCaprio
Despite his celebrity status, Leonardo DiCaprio invests millions of dollars in real estate. His latest investment is a private island in Belize. The actor plans to turn it into an eco-resort. The island is valued at more than $100 million. In addition to his home in Belize, Leo has other properties in Mexico, Florida, and the Caribbean. If the investment proves successful, he may have a new billionaire next door.
The actor’s real estate portfolio has been a long love affair. Since he rose to fame with a role in “What’s Eating Gilbert Grape,” he has purchased several properties. In addition to his oceanfront Malibu retreat, he also owns an island in Belize. DiCaprio has also bought a century-old English Tudor Revival home in Los Feliz, and a Spanish Colonial-style mansion in Beverly Hills.
Nicolas Cage
At one point, Nicolas Cage had as many as 15 different properties, from a multimillion dollar mansion in Beverly Hills to a $10 million Malibu beach house. He also owned a $17.5 million palace in Bel Air and a beachfront property in the Bahamas that he remodeled for another $10 million. Other properties that he owned include a two-thousand-square-foot home in Rhode Island and a $11.6 million mansion in Las Vegas.
The financial issues of Nicolas Cage are the result of his speculative real estate investments, but he’s recovered from these setbacks. Despite his brash image and success as an actor, he incurred a huge amount of debt by investing in unprofitable properties. The actor’s properties went into foreclosure, and he also owed a staggering $6.3 million in back property taxes. His actions violated a cardinal rule of real estate investing – “never spend more than you can afford.”
Robert De Niro
The movie star and philanthropist Robert De Niro owns real estate in New York and London. The actor has also invested in several commercial properties around the world. He owns a hotel resort in Barbuda and has co-owned a number of restaurant concepts, including Nobu. While we might not be able to see the actual properties he owns, we can certainly take a look at the buildings he’s invested in.
Although the divorce settlement states that he is a “50-50” partner, it’s unlikely that the two actors would split their real estate assets in half. After all, the actor has been married to Sandra Bullock for some years now. But the actress, who has been accused of racism and alleged abuse of household staff, may need to focus on a new project, and she could be given a share of the profits. However, it’s unclear if she would get a share of the profits if De Niro and Bullock separated.
Sting
One of the biggest rumors in real estate is whether Sting invests in New York real estate. The musician and his partner, Trudie Styler, are rumored to be in negotiations to purchase an apartment at 220 Central Park South. The couple recently sold a unit at 15 Central Park West, where they lived for six years. They are now asking $56 million for the duplex penthouse apartment. This is more than twice the asking price of the Sting-styled condo at 220 Central Park South.
The rumor that Sting invests in real estate began in 2016 when it was reported that Sting and Styler were considering buying a penthouse in the Billionaires’ Row tower. The apartment is five hundred and sixty-six square feet and is in a different area of the building. According to reports, Sting and Styler bought the unit through an LLC, which is now a real estate company.
Trudie Styler
The English pop star and his wife, actress and singer Trudie Styler, have made a fortune from investing in real estate. Sting, who rose to fame as the frontman of the group The Police, has sold more than 100 million albums and won 17 Grammys and three Brit Awards. They also have a beach house in Malibu that they rent out for PS161,000 a month, and a country house in Grasmere, Lake District. The couple are active investors and recently paid $65.7 million for a penthouse on Billionaires’ Row in New York.
Sting and Trudie Styler are among the many celebrities who have invested in real estate. In addition to their United States and English properties, Sting and Trudie Styler own an 800-acre estate in Wiltshire, England. People thought that the $20 million sale of a townhouse in London was a secret plan to invest in real estate.
Naomi Campbell
Supermodel Naomi Campbell is one of the most powerful women in the world, and she has made a lot of money from it. She has been in relationships with many famous people, including Leonardo DiCaprio, businessman Flavio Briatore, designer Diane Von Furstenberg, and Russian billionaire Vladislav Dornan. In the fashion industry, she has had more than one million fans and has made several millions. However, she has never publicly disclosed how much of her money she earns from real estate.
Campbell’s real estate career began when she was working for a bank in the Chicago area. The job required her to deal with foreclosed homes, which can take months to be listed on the market. In order to avoid such delays, she regularly chatted with friends in the REO departments of local banks. By getting to know more people, she was able to get a list of foreclosed homes, which she then sold to these buyers.
Ellen DeGeneres, Jennifer Aniston, Brad Pitt, and Diane Keaton all own properties and invest in the real estate market.
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