James Packer Spends $60 Million (or so) On The Old Danny DeVito Estate

Thanks to a reader tip, we have learned that a very expensive real estate transaction went down last month (August 2018) in the city of Beverly Hills. Quietly, of course. The buyer is Australian billionaire James Packer and the compound was long owned by Hollywood actors Danny DeVito and Rhea Perlman, though they sold off the property in 2015 and it has since undergone a substantial renovation.
Though the house was never publicly listed for sale, it was shopped around off-market at $85 million. But don’t fret, this is still one of the three biggest sales ever recorded in Beverly Hills. For reference, the current record-holder is that $70 million Minecraft house. Thank you Yolanda for the story.
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