Billionaire Revolve Founder Buys $45 Million Beverly Hills House – DIRT

Are massive up to date mansions, the sort constructed by brash builders on hypothesis, now out of fashion? Not in the event you ask Michael Mente, the cofounder of on-line clothes juggernaut Revolve. The lifelong Angeleno and newly minted billionaire has simply paid precisely $45 million for a brand-new, ultra-glassy home that by no means even had an opportunity to formally hit the market.
Located on a hillside road within the northernmost reaches of Beverly Hills, the mansion was designed by prolific architect Paul McClean — the identical up to date specialist who additionally designed Nile Niami’s $295 million “The One” monster — and constructed by high-end stalwart contractor Tyler Development Corporation, with inside design by Annette English of Annette English + Associates and landscaping by Enzo Caserta Landscaping. Sited on a 0.8-acre lot, the home packs seven bedrooms and 10 bogs into roughly 15,000 sq. ft of high-style dwelling area.

Because the property was by no means publicly listed on the market, pictures are a bit scarce and a few options stay a thriller. But it’s recognized that the huge house itself has retractable partitions of glass all through, plus hovering, monolithic travertine partitions each in and out. Views take within the Century City skyline; on a transparent day, the Pacific Ocean and Catalina Island are additionally seen. For privateness, the mansion is sequestered behind a gated, steep and notably lengthy driveway. The landscaping is drought-tolerant, with lengthy native grasses, mature agave crops and historic olive timber.
Mente, 41, cofounded Revolve in 2003 with enterprise accomplice Mike Karanikolas. Today, the millennial-centric firm is likely one of the world’s largest and best-known e-commerce vogue companies, peddling garments from over 500 vogue manufacturers, plus 20 in-house manufacturers. Revolve went public in 2019 with a $1.2 billion valuation; since then, the inventory has soared.
Mente is especially recognized for being one of many first to pioneer “influencer advertising” to promote merchandise, constructing a community of over 7,500 social media celebrities and Instagram influencers. Whatever you consider that technique, it’s labored exceedingly properly — right now, Revolve sports activities a market cap of $3.6 billion, and Mente’s private web value tops $1 billion.
And astute actual property watchers might acknowledge Mente’s title. Way again in 2013, he famously paid $4.7 million to “Friends” star Matthew Perry for his high-style up to date house within the Outpost Estates neighborhood of the Hollywood Hills, which has served as Mente’s most important residence ever since. Last 12 months, Mente additionally paid $10.6 million for an enormous winery property within the wine-friendly Santa Ynez Valley, close to Santa Barbara.

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