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      in Vacation Homes

      Millionaires Are Flocking to These Five Countries, According to a New Study

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      Where have all the millionaires gone? Down Under, it would seem.

      Australia had the highest inflow of high-net-worth individuals in 2023, according to new findings from London-based investment migration consultancy Henley & Partners. The report, which defines HNWIs as people with at least $1 million in assets, noted that roughly 120,000 millionaires migrated to a new country this year, with that number set to increase to 128,000. Over the last two decades, Australia has logged 82,000 newcomers, and this year, approximately 5,200 millionaires are expected to make the country their new home.

      “Australia consistently attracts sizable numbers of millionaires every year, mainly from Asia and Africa, but more recently also from high-income countries such as the U.K.,” explained Andrew Amoils, head of research at New World Wealth, which collaborated with Henley & Partners on the report. The study attributed Australia’s appeal to its safety, low tax rates, healthcare system, and advanced economy. Of course, the country’s high quality of life, wide open spaces, and natural beauty are also draws. 

      The UAE, Singapore, Switzerland, and the U.S. were also among the top five destinations with the highest net inflows of millionaires in 2023. The Emirates clocked approximately 4,500 high-net-worth individuals this year, most of whom are drawn to the area’s prime real estate and safe haven status.

      Roughly 82,000 millionaires have relocated to Australia between 2002 and 2022.

      Pexels

      “Pre-pandemic, the UAE traditionally saw net inflows of around 1,000 high-net-worths per year,” the report said, with most incoming millionaires in 2023 expected to come from India, with large numbers also coming from the U.K., Russia, Lebanon, Pakistan, Turkey, Egypt, South Africa, Nigeria, Hong Kong, and China.

      The United States attracted around 2,100 high-earning newcomers. Per the report, those people mainly hail from Asia and work in the entertainment, finance, or tech industries. Singapore and Switzerland also maintained their status as wealthy hubs. The former is forecast to welcome 3,200 HNWIs, while the so-called “playground of Europe” is projected to attract a net inflow of approximately 1,800 high-net-worth individuals in 2023.

      Conversely, countries including the U.K., China, India, Russia, and Brazil saw the world’s largest exodus of millionaire residents. This year, the U.K. had about a 3,500 drop in HNWIs, while China has been negligible since 2017. “General wealth growth in the country has been slowing over the past few years, which means that the recent outflows could be more damaging than usual,” the report said.

      Authors

      Abby Montanez

      Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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      in Luxury

      Kanye West Is Asking $53 Million for His Tadao Ando-Designed Malibu Home

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      Just two years ago, Kanye West was still flying high on the success of his billion-dollar Yeezy sneaker brand. He bought two separate Wyoming ranches, including one that spanned more than 3,000 acres. The money seemed endless; he also shelled out $57 million, in cash, for an oceanfront Malibu house designed by famed Japanese architect Tadao Ando. And in the midst of his acrimonious divorce from Kim Kardashian, he bought a house directly across the street from her Hidden Hills residence, just because.

      Both California properties are gone and going, respectively — that Hidden Hills house was recently sold at a six-figure loss, while the Malibu manor is now up for grabs at $53 million. Even in the unlikely event of a full-price offer, West stands to lose many millions of dollars on the property, once realtor fees and closing costs have been factored into the equation. And it’s not even clear if he ever spent a night at the house, which was completely gutted during his ownership.

      The current listing, held by Selling Sunset star Jason Oppenheim of the Oppenheim Group, includes a few years-old photos of the place. But it doesn’t look anything like that today—aerial imagery shows most all of the walls and doors are now gone, and the interior finishes have likely made their way to a landfill. Oppenheim told the Wall Street Journal that a buyer will need to spend “several million dollars” just to make the house livable.

      In its current state, the Malibu home will require millions of dollars in renovation costs alone.

      Backgrid

      West had intended to redesign and update the 4,000-square-foot structure, but that was shortly before Adidas parted ways with the 46-year-old rapper due to his numerous antisemitic remarks, allegedly leaving his finances in disarray. As it stands now, the building is a concrete shell exposed to the elements. Railings and metal trim pieces around the house have visibly rusted, likely beyond salvageability.

      It will be interesting to see what sale price the oceanfront property eventually commands—particularly because it sits cheek-to-jowl next to other homes, nearly all of which are worth a mere fraction of West’s $53 million sticker. But this home does benefit from its unique pedigree; it’s one of the few stateside residences ever designed by Ando, who has become one of the billionaire elite’s most sought-after architects.

      West, who remains one of the world’s most successful record producers and one of the best-selling artists of all time, is likely nowhere near poor. But he seems to be shifting away from real estate ownership—when he’s not out traveling the globe with “wife” Bianca Censori, he frequently bunks up for months at a time in some of L.A.’s most expensive hotels, including the oceanfront Nobu Ryokan. More

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      in Vacation Homes

      Wealthy Homebuyers Are Driving Up Prices in This Under-the-Radar Ski Town in New Hampshire

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      When it comes to premium ski destinations in the United States, wealthy locales like Aspen and Vail are likely to come to mind. However, the charming, quiet town of Waterville Valley, New Hampshire, has seen some of the largest gains over the last few years when it comes to alpine property prices.

      According to a new report from Realtor.com, the New England enclave has seen a shocking spike in home prices since the pandemic. In that time, listing prices jumped a whopping 121 percent, which raised the median home price roughly 25 percent higher than the national average. For context, the U.S. median home price was $408,732 as of November 2023. “It’s those children who grew up skiing here,” Mike Aronson, an agent with Waterville Valley Realty, told the real estate portal. “Now, with remote work, they’ve come back to live here.”

      Waterville Valley, nestled inside New Hampshire’s White Mountains National Forest, has long been a big draw for slope-schussing homebuyers. A two-hour drive from Boston, the town’s picturesque ski resort was founded in the 1960s by the late Olympic skier Tom Corcoran. Today, it features an epic 52 trails and 265 acres of alpine terrain. “Like a lot of ski towns, we’ve become more of a four-seasons destination,” Aronson added.

      Outside of Waterville Valley, 80 Mooney Point Road in Holderness is one of the area’s priciest listings.

      Keegan Rice/Badger Peabody and Smith Realty

      Per the New Hampshire Housing Market Report, average home prices across the state have risen 36 percent between 2020 and 2022. And as of 2023, the median home price clocked in at $449,799. Not far from Waterville Valley is the town of Holderness, where properties on scenic Squam Lake run in the $4 million to $7 million range. Currently, the area’s most expensive residence is 158 Cromwell Point Road, a 4,134-square-foot pad with four bedrooms and four bathrooms. The $7 million spread is positioned on roughly four wooded acres and features a wine cellar, a U-shaped boat dock, and a stone patio.

      Nearby, 80 Mooney Point is listed for just shy of $4.5 million. The 2,409-square-foot waterfront cottage comprises four bedrooms, three bathrooms, a renovated kitchen, and a screened porch. There are tons of exposed beams and wooden paneling, which makes it look as if it’s straight out of the 1981 drama On Golden Pond, starring Henry Fonda and Katherine Hepburn. Well, that could also have to do with the fact that the movie was actually shot on the same lake!

      Authors

      Abby Montanez

      Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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      in Luxury

      Dodgers Star Mookie Betts Scores a $15 Million Estate in the L.A. Hills

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      Mookie Betts is once again up to bat in Los Angeles, and his legendary swing just connected with a home-run worthy real estate deal. Records reveal the Dodgers outfielder and all-around MLB superstar has dropped $15 million on an huge estate tucked into the Encino hills, overlooking L.A.’s San Fernando Valley.

      It’s among the biggest deals ever recorded in Encino, a once-sleepy SoCal suburb that is now über-affluent and swarmed with celebrities of all sorts, from Oscar-nominated actors and famed musicians to YouTubers and Real Housewives. And it’s perhaps the biggest area deal ever for a home that’s not all-new construction—built in 1986, the roughly 9,300 square foot structure began life as a Mediterranean villa-style mansion.

      Last year, local developer Jeff Huberts of Sandlot Homes and his team acquired the property for about $6.8 million and subsequently gave the entire house a thorough and thoroughly contemporary remodel. Unfortunately, since the property was never on the market and is still in the final stages of construction, there are no public photos of the premises. What little we know about the place mostly comes via tax records and L.A. permit archives: there are eight bedrooms, 10.5 bathrooms, a three-car garage, and the tri-level structure sports big views of the valley from its perch in the hills, near the end of a secluded cul-de-sac.

      Originally built in 1986, the house underwent a dramatic contemporary renovation this year and is still in the final stages of construction.

      Google Earth

      Tucked securely behind gates and a very long driveway, the luxury property also offers about 2.2 acres of land, though a substantial portion of that is steeply sloped and therefore unusable. There’s also a newly remodeled rectangular swimming pool, an outdoor spa and a full-size tennis court. And at the very base of the property, immediately adjoining the driveway gate, there’s even a guardshack for a full-time armed bodyguard. Sadly, however, most of the main mansion’s interior amenities remain a mystery.

      Betts is not new to the Encino area—he still owns a slightly smaller house elsewhere in the area, which he put up for sale nearly a year ago for $10 million. That “starter” estate has not yet sold, though the price tag has since been slashed to $8.5 million; Betts bought it in fall 2020 for $7.6 million from UCLA Bruins head coach Chip Kelly, and has since added some very custom upgrades worthy of a six-time Gold Glove winner, including an indoor basketball court branded with “MB” initials.

      Born and raised in Nashville, Betts is reportedly a distant cousin of Meghan Markle. The 31-year-old and wife Brianna Hammonds have lived primarily in Los Angeles since summer 2020, when he signed a $365 million contract extension with the Dodgers. More

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      in Luxury

      Mark Zuckerburg Is Reportedly Building Himself a $270 Million Survivalist Compound in Hawaii

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      Mark Zuckerberg is making sure that when doomsday comes, he’s prepared with an ultra-secluded, Leave the World Behind-type hideaway.

      Per a recent investigation by Wired, the Meta CEO is reportedly building himself a sprawling 1,400-acre compound in Hawaii that will comprise at least 30 bedrooms and 30 bathrooms, divided among more than a dozen different structures. According to documents obtained by the publication, the Facebook founder has already shelled out a whopping $170 million in land purchases in Kauai beginning in August 2014 and will eventually fork over at least another $100 million in building costs.

      At the center of the vast compound, called Koolau Ranch, will be two mansions sitting atop a survivalist bunker. The two residential buildings will total about 57,000 square feet and include elevators, an industrial kitchen, and conference rooms. Plans show that many of the doors throughout the home are expected to be soundproofed and operated via keypad. The dwellings will be joined by a secret tunnel that leads to a 5,000-square-foot underground shelter that’s protected behind a metal door filled with concrete. The bunker will feature its own living space, a mechanical room, and an escape hatch. The property aims to be further self-sufficient with an 18-foot-tall water tank and the ability to produce its own energy and food supplies.

      Meta CEO Mark Zuckerberg is building himself a 1,400-acre residential compound in Kauai named Koolau Ranch.

      Wolfgang Kaehler/LightRocket via Getty Images

      The compound won’t, however, be all post-apocalyptic doom and gloom. Not only does it function as a comfortable family retreat, but there are plans for a wellness center that includes a full-size gym, multiple pools, a sauna, a steam room, and a tennis court. Elsewhere, 11 circular treehouses will be joined by rope bridges so that visitors can climb from one treehouse to the next without stepping foot on the ground.

      The compound’s residential structures are hidden from the road, tucked behind a six-foot wall, and monitored by round-the-clock security guards. And, due to the scope and nature of the project, anyone who works on Zuckerberg’s property signs a strict nondisclosure agreement, sources told the publication. “For a private project to have an NDA attached to it is very rare,” a local construction official explained to Wired.

      Whether the tech billionaire will use Koolau Ranch as a part-time or full-time family retreat is still unknown. However, the magazine reported that he’s already hosted two different corporate events at the compound, so its charms, luxuries, and secrets may not stay so secret for long.

      Authors

      Abby Montanez

      Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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      in Luxury

      Robert Pattinson Quietly Sells His Longtime Hollywood Hills Lair

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      It was never officially on the market, but records now reveal that Robert Pattinson has stealthily sold his longtime Los Angeles home. Squirreled away high in the Hollywood Hills and acquired by the Batman and Twilight star some nine years ago for about $2.2 million, the house transferred in an all-cash deal valued at exactly $3 million.

      Records also indicate the buyer is not a Hollywood celebrity but rather an LLC linked to Frank Buckley, a financier and executive at the $9 billion hedge fund Marlin Equity Partners, which is headquartered in California‘s Hermosa Beach neighborhood.

      Of course, it’s not exactly surprising that Pattinson would be in the mood to leave his bachelor pad. The 37-year-old Brit was recently confirmed to be expecting his first child with longtime partner Suki Waterhouse, and the couple also recently acquired a larger house elsewhere in the hills. Back in summer 2022, Pattinson forked out $5.3 million for a gated property previously owned by the Grammy-winning musician Beck.

      Because Pattinson’s just-sold L.A. home was not publicly marketed for sale, it’s not clear what changes and upgrades the actor made during his nearly decade-long ownership tenure. But aerial views reveal the property’s exterior remains remarkably unchanged from years past, with a huge driveway gate shielding the property from prying eyes.

      Built in the 1950s and set privately behind another house down a long red brick driveway, the single-story hacienda has just two bedrooms and two bathrooms and measures in at a cozy 1,940 square feet.

      Inside, rustic terracotta tile floors run throughout the interconnected living spaces, while the flooring switches to hardwood in the bedrooms. Highlights include a spacious living room with multiple French doors that open to the tree-shaded gardens, while twin arches flank a double-sided fireplace and lead into a skylit kitchen with a vaulted, wood-beam ceiling and a premium stainless appliances. Both bedrooms have custom built-in wardrobes and direct access to outdoor lounging areas; both bathrooms have arched and tiled showers, the hallway bathroom done up cobalt blue and the master bath in a cheerful celery green.

      A brick veranda runs along the inside façade of the angled residence. While the yard is somewhat small, it’s also remarkably private and includes a grassy lawn space, a kidney-shaped swimming pool and views over the rugged surrounding canyons. Courtyard areas around the side and rear of the residence include a several terraces and a secluded spa set into a brick terrace tightly girdled by tall hedges for celebrity-style privacy. There’s also an attached two-car garage. More

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      in Luxury

      Paul Newman and Joanne Woodward’s Onetime Beverly Hills Rental House Can Be Yours for $8 Million

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      As the story goes, the late Paul Newman and his longtime fellow acting wife Joanne Woodward, now in her 90s, initially met in 1953 when they were both cast in the play Picnic, he making his Broadway debut and she as an understudy. Though he was married at the time and she was a particularly hot ticket on the dating scene, they developed a friendship and went on to co-star in The Long, Hot Summer a few years later. 

      By the time the movie was released in 1958, Newman had finalized his divorce and wed Woodward in a Vegas ceremony. Not only would the couple go on to have a lengthy 50-year marriage—during which time they collectively racked up several awards for popular titles ranging from Butch Cassidy and the Sundance Kid to The Three Faces of Eve—but they also shared a Colonial Revival-style residence in Beverly Hills during the early ’60s; and that place has just popped up on the market at a smidge under $8 million, as first publicized by The Hollywood Reporter.

      The New York Daily News photographed Paul Newman and Joanne Woodward relaxing together at their rented Beverly Hills home early on in their five-decade marriage.

      NY Daily News Archive via Getty Images

      Last sold in spring 2021 for $7.35 million to Taylor Anne Crichton, daughter of the late Jurassic Park author Michael Crichton, the white two-story structure was originally built in 1937. Updated in the years since, the four-bedroom, five-bath abode is tucked away behind walls and a gated brick driveway, on over an acre of land near Mulholland Drive, and features a little more than 4,200 square feet of living space boasting decorative molding, ample built-ins, large windows, dark hardwood floors and high coved ceilings throughout.

      Among the highlights: a living room anchored by a black marble fireplace embedded in a wood accent wall adorned with sconces, along with a formal dining room. A gourmet kitchen is outfitted with cobalt blue cabinetry, tile backsplashes, an eat-in island and top-tier Viking appliances, plus a walk-in pantry with wine storage and French doors open to an al fresco dining terrace.

      A romantic loggia warmed by a fireplace is perfect for entertaining with a built-in barbecue.

      Ryan Lahiff

      Upstairs, the primary bedroom is spotlighted by a private balcony, walk-in closet, and spa-like bath equipped with dual vanities, a freestanding soaking tub and separate shower; and elsewhere is an office and a spacious roof deck. The amenities continue among the tiered and greenery-encased grounds, which host a loggia sporting a built-in barbecue, stone fireplace and sofa swing, as well as a pool and spa, and bocce ball court. There’s also a detached two-car garage.

      The listing is shared by Benjamin Ballarin, Kevin Dees and Sebastian Spader of Carolwood Estates.

      Click here for more photos of Paul Newman and Joanne Woodward’s Beverly Hills rental home.

      Ryan Lahiff More

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      in Vacation Homes

      A High Desert Compound Near Joshua Tree Offers Relaxation, Recreation, and Rental Revenue

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      An artfully updated four-bedroom ranch house, plus a couple of guest casitas, arresting views of the Sawtooth Mountain Range from the infinity-edge pool, and a party barn inspired by a cult-favorite bar in Hollywood, not to mention the potential to rake in hundreds of thousands of dollars in annual rental revenue, are just a few of the appealing features of the Know Where Ranch that sprawls over 2.5 acres in the historic High Desert community of Pioneertown, California. The compound, newly on the market at a sliver under $1.4 million, is listed with Shaun Alan-Lee of Carolwood Estates and Keith Markovitz and Clayton Baldwin at Compass.

      About 125 miles east of downtown Los Angeles, a 45-minute drive from Palm Springs, and a short hop to Joshua Tree, Pioneertown was established in the 1940s as an 1880s-themed town for use as a set for Western films and TV shows. It remains a working set. Gene Autry filmed his weekly show in Pioneertown in the 1950s, and in 2016, Cyndi Lauper shot her western-themed music video for Funnel of Love at the Pappy & Harriet’s, Pioneertown’s legendary roadhouse, barbeque restaurant, and music venue that has played host to a laundry list of performers, including Lucinda Williams, Paul McCartney, Lizzo, Neko Case, and Rufus Wainwright. 

      The 2,800-square-foot home features custom murals and artwork throughout.

      Will Edwards

      Record producer and DJ Aric Christopher acquired the property almost four years ago and has since transformed what was a perfectly ordinary four-bedroom ranch-style home and several unassuming outbuildings into an eclectic retreat for relaxation and recreation, a fashionably funky fusion of artistic élan, western allure, Hollywood glamour, and modern, low-key luxury.

      Beyond the cherry-red front door, animal skulls, cowboy hats, and reclaimed wood framing around the windows add rustic pizazz, while bespoke accents such as the dreamcatcher-like light fixture over the massive kitchen island, as well as custom murals and artworks by artists Penelope Misa and Ron The Killer, inject the house with a playful, one-of-a-kind High Desert bohemian vibe.

      The kitchen is configured around a huge island that will seat a dozen people.

      Will Edwards

      Other highlights include the kitchen, with its massive island that seats a dozen people on an array of vintage bar stools. Several more can gather around the built-in dining banquette in the adjoining breakfast nook. The spacious primary bedroom, dubbed The Roy Rogers Suite and clad in reclaimed wooden planks, includes a morning/evening bar, a claw-foot soaking tub that’s open to the bedroom, and a separate, marble-floored bathroom.

      Covered patios along the back of the house include one equipped with a large wall-mounted TV. Cool off in the infinity-edge pool, meditate or practice yoga on one of the poolside terraces, and watch the sunset while swaying gently in the hammocks hung around a gas fire pit. Elsewhere are a cowboy tub, a flat, raked area for bocce ball and cornhole, and a detached pool bath and outdoor shower. Considering the climate and location, the property includes a 4,500-gallon water storage tank and solar-powered exterior lighting.

      The party barn bar was inspired by the low-key Know Nothing Bar in Hollywood.

      Will Edwards

      In-the-know Angelenos may have already guessed that The Know Where Ranch takes its name from, and the bar inside the party barn takes its design cues from, The Know Where Bar, a beloved, under-the-radar but now shuttered Hollywood boîte that was long on laid-back charm and short on attitude, with sophisticated cocktails and yummy snacks. 

      And finally, the most enticing part of The Know Where Ranch, which has a dedicated Instagram with nearly 15,000 followers, just may be the potential to haul in hundreds of thousands of dollars in rental income. According to marketing materials, between private rental events and vacation rental income, The Know Where Ranch raked in more than $430,000 in total revenue in 2022, with a net income of almost $275,000.

      Click here for more photos of The Know Where Ranch.

      Will Edwards More