Luxury Real Estate

Real estate of the Rich and Famous

The real estate industry is expansive and far-reaching. In fact, most real estate agents specialize in a niche to maximize their profitability. One of the most prestigious niches is to be proficient in is the luxury sector of the real estate market. This is certainly a sought-after piece of the market and can often takes several years of experience before earning the trust of high-end sellers to market their distinguished properties.  For some added inspiration on this distinct segment of the real estate market, we have compiled a list of celebrities and influencers who possess quite the covetable real estate portfolio. If you make the right connections, work diligently in marketing yourself, and network your heart out, you have a shot at entering this elite post in the real estate hierarchy. Consider this the start of your dream board.


ELON MUSK

Comparatively speaking, the founder of Tesla and Space X has an estimated net worth of 156 billion, while his real estate portfolio is estimated at $100 million- This makes it a modest proportion of his overall wealth. At least 7 of Elonโ€™s homes were listed on Zillow as for sale by owner. Perhaps he is trying to approach the marketing of his homes in an economical fashion by saving money towards real estate commissions to a broker. Though biased, I advise to always employing the professional services of a licensed agent and to just stick to what youโ€™re good at, Mr. Musk. 10911 Chalon Rd in Bel Air was his first purchase in this prestigious enclave of Los Angeles in 2012. He then went on to buy several neighboring mansions in Bel Air for security purposes. He was said to be concerned about intruders attempting to access his private residence. Itโ€™s humbling to mention that he rented his first home in Bel Air prior to purchasing it. See, he was a former renter just like the rest of us. The home overlooks the country club, has a pool, tennis court, gym, wine cellar, and 2 story library. He always struck me as being a well-read kinda guy. In a famous tweet, Elon expressed that he will โ€œown no houseโ€ which makes sense for a guy who sleeps on the couch at his companyโ€™s headquarters. 

JEFF BEZOS

Part city mouse, part country mouse, the founder of Amazon has a pretty impressive real estate spread estimated at $500 million in assets. With a handful of sprawling estates in Beverly Hills, a few apartments in New York City, 2 in Washington, D.C., and even a 30,000-acre ranch in Texas, Bezos has a house for every season. The Texas ranch is primarily used for his company, Blue Origin, which utilizes reusable rockets to eventually sustain our planet by working in space. You can bid to be one of the first passengers to orbit earth with Benzo himself for a cool $2.8 million. Evidently, you havenโ€™t truly arrived until you own a space exploration company. Sounds like serious rocket envy. Back to earth with arguably the most elaborate piece of real estate belonging to Bezos, a record-breaking Los Angeles compound valued at over $175 million. The home was originally built in 1937 for Jack Warner (Warner Bros.) 

Get lost in this 13,600 square foot menagerie of indulgence. This was said to be the most expensive home ever purchased in the history of the state of California. 

๏ปฟ

Addison Rae

She may not be avid in space exploration, but her Tik Tok success has skyrocketed to 80.7 million followers. Admittedly, I had to ask my 14-year-old daughter who Addison Rae was, as she is a namesake in most households with teenagers. If youโ€™re not familiar with this social media queen, she started by posting dance videos on the social media platform and now has grown a devout following across all social media channels. While most 20-year-old girls are either living in a college dorm or with their parents, Addison Raeโ€™s $3 million home is a major shift from her humble beginnings in Baton Rouge, Alabama. โ€œGo west, young (wo)man!โ€ Like most up-and-coming bright young starlets, she packed her bags and moved closer to the bright lights. But hey, whatโ€™s a $3 million mansion when youโ€™re bringing home $5 million each year for 60-second vids? I would be dancing too. 



LOGAN PAUL

When heโ€™s not dissing his brother or fighting undefeated boxers like Floyd Mayweather, Logan Paul is making YouTube videos in his posh, $6.6 million home in Encino, California. He doesnโ€™t strike me as the โ€œmodern farmhouseโ€ type, but the 5 bed, 7 bath, 9k square foot property is described as such. Multiple fireplaces, steel stairwell, marble kitchen, and a gray color scheme, Paulโ€™s house has adult vibes in a home where Logan may soon be setting things on fire as his past videos predict. So just who is this Logan Paul, you may be asking if youโ€™re not one of his 23.2 million subscribers on YouTube or 20.3 million followers on Instagram. Logan began his social media enterprise on Vine, the now-defunct Twitter platform for short videos that he parlayed into his YouTube empire. His larger-than-life personality has captured the attention of millions of people across the world known intimately as โ€œThe Logang.โ€ He had big aspirations as a young kid from West Lake, Ohio. His little brother Jake was a former Disney star who joined his brother to make the cross country trek to you guessed it, Los Angeles to further their internet celebrity status and expand the brothers. Though there seems to be a dichotomy between the Brothers Paul and serious sibling rivalry, both have amassed their own respective loyal fan base. Logan recently launched his own line of athletic merch, which is inspired by his boxing career. You can score one of his signature hoodies for a mere $145. Thatโ€™s a knockout price for a 24-year-old kid from the Midwest. Logan is famous for making his audience laugh so I know he is laughing all the way to the bank. 


Sometimes reading about how the โ€œone percentโ€ lives can inspire greatness in our own career paths. As a new real estate sales agent, you may not be nailing down million-dollar listings or closing deals of that magnitude in the early stages of your career. That is not to say that high market properties arenโ€™t in your future. If you possess a solid foundation of treating all of your customers with the same amount of respect and dedication to their needs, this virtue will carry on as your career grows into a more prominent market segment. If you stay the course and stay on top of your game, you will be well on your way to high ticket clients and commissions. It all starts by enrolling in our real estate courses. 


About the Author

Bonnie is licensed in both Ohio and Kentucky, specializing in residential, commercial, estate sales, and investment portfolios. Bonnie won the Best Of Zillow award for her customer reviews and sales in 2020. She also won Rookie Of The Year and Top Earner award for Ken Perry Realty in 2020. She is a proud member of the Cincinnati Area Board of Realtors Arbitration and Grievance Committee.

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