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Mark Zuckerberg’s Money Manager Snags a Pristine Malibu Estate for $6 Million
Over the past two decades, the vast wealth created by the emergence of Silicon Valley has also created enormous opportunity for a handful of particularly savvy and well-networked wealth managers. The most successful of those managers have carved out a niche catering to the valley’s famously clannish billionaire elites.
But very few wealth managers anywhere have been as successful as Michael Anders and his San Francisco-based, famously secretive outfit Iconiq Capital. Described by Forbes in 2014 as “an obscure Silicon Valley firm” that’s technically an ordinary registered investment advisory, the 12-year-old company has been molded by its founders—Divesh Makan, Will Griffith, Chad Boeding and Anders—into a highly exclusive billionaires club that “operates as a cross between a family office and a venture capital fund.”
Today, Iconiq’s client list reads like a who’s-who of Silicon Valley greats. But their most famous client, and the inarguable key to their success, is Mark Zuckerberg, who met Makan in 2004—back when Facebook was still in diapers. Zuckerberg gave fledgling Iconiq a big name in Silicon Valley, and the company’s client roster now includes many of the area’s most high-profile billionaires, including Sheryl Sandberg and Dustin Moskovitz, LinkedIn’s Reid Hoffman and Twitter’s Jack Dorsey. Also now clients of Iconiq are folks outside tech’s inner circle—billionaire hedge funders David Bonderman, Henry Kravis, and Tiger Global Management’s Chase Coleman, all of whom have nabbed seats on the company’s board of directors.
At the beginning of 2022, Iconiq had more than $80 billion in assets under management, ranking the secretive firm as one of the country’s fastest venture capital/private equity success stories. And while it’s not exactly clear how much money has trickled down to Iconiq’s executive ranks, it’s certainly been kind to the net worth of Anders. Back in May, the Columbia University grad paid cash for a $6 million shack, of sorts, on Malibu‘s Point Dume.
Built in 1953, the two-bedroom cottage features big grassy lawns in its front and backyards.
Kensington & Beverly
Measuring in with two bedrooms and two bathrooms in just 1,300 square feet, the 1950s ranch-style house is resolutely unremarkable but somehow charming with its glitz-free nature. Last sold in 2021 for $5 million, the structure was offloaded to Anders by Dictionary.com cofounder Brian Kariger.
Because this deal was inked off-market, current photos are scant. But we do know that the house was recently remodeled, with new hardwood floors, a new and refreshingly simple kitchen, two new storage sheds and a newly spiffy two-car garage. The landlocked structure sits out of sight behind gates, a long driveway and a tall hedge for privacy.
Still, it’s clear that despite the bungalow’s attributes, the real value here is the land. The home sits on a 1.3-acre flat parcel, making it one of the bigger properties on Point Dume, and it also transferred with a coveted beach key to Malibu’s celebrity-loved and semi-private Little Dume Beach. And while it’s not yet clear what Anders’ longterm plans are for the property, it’s entirely possible he could already be designing a new home worthy of a multimillionaire wealth manager to take this one’s place. More
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‘Million Dollar Listing’ Star Fredrik Eklund Is Asking $11 Million for His Colorful Beverly Hills Mansion
Though he called it his “forever home” in a 2021 Architectural Digest article, Fredrick Eklund is already seeking to offload the Beverly Hills estate he and his artist husband Derek Kaplan picked up barely two years ago. Asking $11 million, the current listing represents a $4 million bump in price since then.
Built in 2017—and fully transformed throughout during the couple’s short-term ownership in collaboration with noted New York interior designer Paris Forino, complete with every shade of pink and blush imaginable —the East Coast traditional property rests on just over a third-acre of land in the Coldwater Canyon neighborhood. Affectionately known as the “Color House,” the wood-sided structure includes seven bedrooms and eight baths in a little more than 5,600 square feet of living space spanning two levels.
Vividly hued rooms crafted by New York designer Paris Forino are complemented by striking fireplaces.
Nils Timm
A gated driveway empties out at a spacious motorcourt flanked by a single-car garage and welcoming front porch shrouded in ivy. Once inside, a double-height foyer topped by an Apparatus cloud chandelier leads to a sitting room enhanced with a copper and black marble fireplace, as well as a formal yet fun dining room boasting a whimsical necklace chandelier.
Further back, an open-concept great room that opens via walls of glass to the backyard is decked out with a copper, blue and pink kitchen sporting a bespoke L’Atelier Paris range, large eat-in island wrapped in leather-finished marble, and cozy breakfast nook holding a built-in banquette clad in Kvadrat and Svenstk Tenn fabrics. An adjacent family room displays a marble fireplace and an integrated LED-lighted bookcase that stretches to the ceiling.
A custom L’Atelier Paris range is front and center in the copper, blue and pink kitchen.
Nils Timm
Elsewhere in the house is a screening room, gym, cold plunge, an infrared sauna and office that can be closed off with ribbed glass doors, along with a cove-ceilinged master retreat outfitted with Phillip Jeffries wallpaper, a fireside sitting area, private balcony and “boutique-worthy” walk-in closet, plus a luxe bath equipped with a marble floor, dual vanities with LED mirrors and a freestanding Waterworks tub.
Outdoors, the resort-like grounds are laced with mature olive trees, and host a lap pool and spa, barbecue and bar setup, and charming spots ideal for al fresco lounging and entertaining.
Woven lanterns hanging from olive trees enhance an outdoor lounge area nestled alongside a fireplace.
Nils Timm
In addition to the for-sale Beverly Hills residence, which was recently offered for lease at $50,000 per month, the longtime Million Dollar Listing New York and Million Dollar Listing Los Angeles cast member still maintains a stylish Connecticut home he purchased in 2016 for nearly $3 million. He also has reportedly relocated to Miami, where he’s busy expanding his real estate business.
The listing is held by Marcy Roth and Alexander Vichinsky of Douglas Elliman.
Click here for more photos of Fredrik Eklund’s Beverly Hills house.
Nils Timm More
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Football Club Boss David Sullivan Puts His Storied London Mansion Up for Sale at $94 Million
After eight years of ownership, plus a seven-year, nearly $63 million renovation spearheaded by London‘s MSMR Architects and 1508 design studio, West Ham United Football Club chairman David Sullivan has decided to kick his U.K. mansion back on the market.
The wealthy Welsh media mogul—who amassed his fortune as a publisher of pornographic magazines and proprietor of erotica shops, and chief of the Daily Sport and Sunday Sport tabloid newspapers—is looking to sell the historic residence for $94.6 million, as first reported by The Wall Street Journal. Records show he purchased the Georgian-style dwelling for around $34 million in 2015 from convicted fraudster Edward “Fast Eddie” Davenport, a British entrepreneur and socialite known for hosting raucous, celeb-studded parties at the premises during his tenure there.
The Portland Place mansion has been called “one of the largest and most remarkable houses in central London.”
Julian Abrams/United Kingdom Sotheby’s International Realty
Originally designed and built by the noted architect brothers Robert and James Adam way back in the mid-1770s, the Grade II*-listed property has been occupied by numerous aristocrats through the years, including antiquarian and traveler Joseph Wyndham, 4th Earl of Abergavenny William Nevill and James Blyth, a millionaire who founded the famed gin distillery W&A Gilbey.
More recently, the building served as the Sierra Leone embassy, as well as a main location for the Oscar-winning film The Kings Men, an Agent Provocateur fashion shoot featuring Kate Moss and Amy Winehouse’s Rehab music video.
A large formal dining room opens to a reception room via a hydraulic wall.
Julian Abrams/United Kingdom Sotheby’s International Realty
Billed in marketing materials as “one of the largest and most remarkable houses in central London”—and sited on the unusually wide Portland Place street, within walking distance of Regent’s Park, West End and Marylebone High Street—the property features a six-story main home and separate mews house, for a total of 11 bedrooms and 10 baths in nearly 21,000 square feet of meticulously preserved living space replete with bespoke joinery, marble finishes, hand-painted wallpaper and artisan chandeliers.
Highlights include an opulent entrance hall adorned with a curving staircase, along with a formal dining room spotlighted by a hydraulic wall that disappears at the push of a button to reveal an adjoining reception room. There’s also a gourmet kitchen outfitted with an eat-in island and accompanying breakfast nook.
An indoor lap pool and hot tub offers the perfect spot for relaxation.
Julian Abrams/United Kingdom Sotheby’s International Realty
A plush master retreat occupies the entire second floor, and comes complete with dual dressing rooms and baths; and elsewhere is a screening room, wine cellar, gym, massage room, an indoor pool and spa, and a top-level atrium “sky lounge” boasting a seated bar and access to a terrace overlooking views of the BT Tower.
The listing is held by James Gubbins of United Kingdom Sotheby’s International Realty.
Click here for more photos of David Sullivan’s London mansion.
Julian Abrams More
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‘Daisy Jones & the Six’ Showrunner Snags a Historical Estate Deep in the California Woods
He may not be a household name, but Will Graham is responsible for many hours of Hollywood-style entertainment. The Columbia University grad first garnered significant attention for co-founding 2011’s Onion News Network, for which he won a Peabody Award. He’s since signed lucrative first-look deals with Amazon Studios and co-created the comedy drama TV series A League of Their Own; Graham was also the showrunner of Amazon Prime’s Mozart in the Jungle and the Emmy-nominated Daisy Jones & the Six, starring Riley Keough.
Graham already owns homes in New York—a $2 million Brooklyn condo—and in the urban sprawl of Los Angeles, where he’s long laid claim to a multimillion-dollar contemporary residence in the Los Feliz neighborhood. So it’s perhaps no surprise that his latest real estate acquisition is decidedly more off the grid and secluded, tucked way out in the semi-remote California city of Ojai, just under two hours by car northwest of Los Feliz—traffic providing, of course.
Secluded down a narrow country road, the 1930s estate is gated and privately screened behind trees.
Google Earth
Reportedly “the only Monterey-style home in Ojai,” per the listing, Graham’s new estate sits behind big gates on a scenic 2.5-acre lot in the hills. The busy showrunner paid $6.4 million for the keys—a substantial amount of money for the area, but it’s not difficult to see the attraction. The property is a bonafide compound, with a full-size tennis court, a tennis cabana, two guesthouses and a swimming pool, in addition to the large main house.
That main house is also historical. Originally built in 1933 and owned for a time by the son of wealthy Ojai socialite and hotelier Josephine Pierpont, the two-story structure is surrounded by manicured boxwood and fragrant bunches of lavender and jasmine. Stone pathways lead past multiple fountains on their way to the house, where a wood-paneled living room and fireplace-equipped family room both open to a private courtyard equipped with a full outdoor kitchen, ideal for the quintessentially SoCal indoor/outdoor lifestyle.
Indoor/outdoor living is a central theme at the property, with its substantial courtyard, pathways and shaded verandas.
Google Earth
Also on tap are a library, a wine closet, and plenty of original 1930s wood detailing. Below the aesthetics, the residence also boasts all-new or recently upgraded plumbing, electrical, irrigation and HVAC systems. And throughout the home, multiple sets of French doors open to breezy, wood-floored verandas that run the full length of the building.
Directly behind the main house, the rectangular swimming pool boasts delicious views of the mountains and surrounding treetops. Large patios offer ample space for al fresco dining and entertaining, while the two guesthouses together offer four bedrooms and two kitchens, perfect for weekend guests or live-in staff. More
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A Coffee Billionaire’s Son Just Spent $7.6 Million on an All-New L.A. Mansion
Earlier this year, Bob Stiller inked an eye-popping $170 million deal to sell his oceanfront mansion in Palm Beach, Florida. So it’s no surprise that the coffee billionaire—he co-founded Green Mountain Coffee Roasters in the 1980s—and his family have plenty of cash lying around to afford a “spare” home in California. Records indicate a Stiller-linked trust recently shoveled out $7.6 million to buy a property in a particularly desirable part of Santa Monica.
And while $7.6 million is still a substantial amount of money by almost any standard, it’s a mere 4.5% of what Stiller’s Florida compound fetched about six months ago. Still, that 4.5% buys plenty of nice toys: five ensuite bedrooms, a mirror-walled gym, a soundproof movie theater, a marble-topped wet bar and 22-foot-wide glass pocket doors, all packed into an all-new contemporary farmhouse.
Built new in 2019, the contemporary structure features about 6,000 square feet of living space.
Noel Kleinman
The swanky L.A.-area home was acquired by Stiller’s 35-year-old son Christian, the youngest of his three adult children and a Santa Monica-based advisor to the Zendo meditation device company. Christian formerly owned a bungalow in L.A.’s Venice neighborhood, sold last year for $2.7 million, and still owns a vacation home on the scenic shoreline of Vermont’s Lake Champlain.
The younger Stiller’s new residence also features an attractive façade flaunting a mix of creamy stucco and redwood siding, plus a tri-level floorplan ideal for a live-work situation. The main level offers all the main living spaces, which are highlighted by a sleekly Euro-chic kitchen, while the lower level includes the gym and theater, along with a guest bedroom squirreled out of sight. The four “family” bedrooms are all located on the home’s top floor, among them a primary bedroom with a marble-slathered rain shower and a freestanding soaking tub.
The home’s lower level packs in a gym, wet bar, wine tasting area and a movie theater.
Noel Kleinman
While the backyard isn’t huge, typical for tightly-packed Santa Monica, it’s smartly outfitted with a loggia-shaded al fresco dining area, an AstroTurf lawn and a full outdoor kitchen with a built-in barbecue and a bar area. There’s also a detached two-car garage that spills out into a discreet alleyway behind the main house, ideal for surreptitious egress and ingress.
One thing the property notably lacks is a swimming pool, making it a bit of an anomaly at this price point. But Stiller need fear not, because the listing reassures everyone by noting that the “impeccably designed backyard [is] permitted and ready for a beautiful pool.” More
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Hedge Funder George Hall’s Manhattan Townhouse Hits the Market Again at a Discounted $25 Million
A stately townhouse on New York City’s Upper East Side has once again surfaced for sale. Tucked away in the Lenox Hill neighborhood, just steps from Fifth Avenue and Central Park, the sprawling brick and limestone residence is now listed for a speck under $25 million—or a hefty $12.5 million less than its owner, hedge fund mogul George E. Hall, first wanted for the place back in 2017.
The founder and CEO of Clinton Group, a Manhattan-based investment firm that managed approximately $6 billion in capital in 2016, purchased the classic Neo-Federal mansion for $11.5 million in 2002. So, despite the significant reduction, he still stands to make an impressive profit if the place sells for anywhere close to its current asking price.
A sitting room is the perfect spot for enjoying cocktails before or after dinner.
Jonathan Ayala
Built and designed in 1887 by architect John H. Duncan—designer of Grant’s Tomb in Riverside Park, and the Soldiers and Sailors Memorial Arch in Grand Army Plaza—the six-story structure clocks in at 25 feet wide, and features seven bedrooms and an equal number of baths in 12,000 square feet of elegant living space boasting rich hardwood floors, decorative ceilings, several wood-burning fireplaces and an elevator to all levels.
Touted in marketing materials as “a piece of New York’s historic Gold Coast,” the property is highlighted by a parlor level hosting a formal living room equipped with an ornate fireplace and wet bar, as well as a lounge area and gilded powder room adorned with a custom pink marble vanity.
An expansive north-facing living room boasts a fireplace and wall of windows.
Jonathan Ayala
A chandelier-topped dining room on the parlor level features a butler’s pantry and service staircase leading to a garden-level kitchen, which is outfitted with checkerboard tile floors, an eat-in island, top-tier stainless appliances, a walk-in pantry, breakfast nook and access to a backyard garden; and tucked away on the third floor is a wood-paneled library warmed by a fireplace, and sporting a bar bedecked with polished black-and-white marble countertops complemented by crystal cabinetry.
A wallpapered formal dining room has a butler’s pantry and service stairs leading to the main kitchen below.
Jonathan Ayala
Occupying the entire fourth floor is a plush primary bedroom that comes complete with yet another fireplace and a sky-lit sunroom that connects to an expansive terrace, along with a dressing room, two walk-in closets, and luxe marble-clad bath hosting dual vanities, a soaking tub and separate shower.
Rounding out the listing, which is held by Matt Bajek, Tiana Taylor and Eddie Feltes Shapiro of NestSeekers International, is a fifth-floor media/playroom, an office, staff quarters and a full basement with its own entrance. More
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‘Dallas’ in Oregon? Patrick Duffy’s Riverfront Ranch Is Headed to Auction
Last year, Patrick Duffy’s longtime Oregon ranch hit the open market for $14 million. Even though the price was later reduced to $11 million, the picturesque property never found a buyer, so the Dallas star is now auctioning off the compound to the highest bidder.
Spanning about 330 acres, the so-called Duffy Ranch is located outside of Medford in the city of Eagle Point and will go under the hammer from December 7th until the 14th in a no-reserve auction. According to Sotheby’s Concierge Auctions, who will be handling the sale, starting bids are expected to be in the $3 million to $5 million range.
An Oregon ranch owned for more than 30 years by actor Patrick Duffy is headed to auction.
Provided by Sotheby’s Concierge Auctions
The TV legend, who starred alongside pop culture icon Suzanne Somers in the family sitcom Step by Step, has owned the Staley Road residence for over 30 years. Duffy and his late wife, Carlyn Rosse, bought the home in 1990 for $1.5 million. “It was pristine,” he told Mansion Global. “There was no paved road. There were some trails through the woods and about a mile—a little less than a mile—of river frontage.”
The property has multiple homes, cabins, and outbuildings across its 329 acres.
Provided by Sotheby’s Concierge Auctions
Together, they spent $3 million and the better part of two decades buying up surrounding properties to expand their compound and began living there full time in the early 2000s. Today, the ranch is made up of nine separate parcels, which include two homes, two guest cabins, a recreation pond, and two miles of Rogue River frontage. “The river is the only reason that we considered buying this property,” Duffy said in a video posted to the Sotheby’s Concierge Auctions website, which you can check out below.
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The main house dates back to the 1950s and resembles a traditional lodge—there’s a screened porch and everything. The home sits on a whopping 79 acres of land with four bedrooms, four bathrooms, and roughly 3,000 square feet of living space. Plus, you’ll find a wood-burning fireplace, hardwood floors, and wood beam ceilings inside. What’s surprising is that it also includes an art gallery, in addition to a wine cave and a spa cabin. Elsewhere, the couple also converted one of the outbuildings into an indoor lap pool.
In 2022, Duffy told Mansion Global that he’d like to relocate to California or Colorado. Currently, his sourdough starter business, Duffy’s Dough, is based in the Centennial State.
Click here to see all the photos of Patrick Duff’s ranch.
Provided by Sotheby’s Concierge Auctions More
