Bitcoin-rich hedge fund manager pays $ 44 million for extravagant LA Mansion

Long-time Hidden Hills resident Jeffrey “Jeff” Feinberg is ready for the soaring life in Brentwood. The 53-year-old hedge fund guru paid $ 44 million – a whopping $ 43 million above the original asking price of $ 43 million – for a Vegas-like, contemporary monster of a seven bedroom, 11 bath, two villa Swimming pools and countless other amenities. as first reported by the Wall Street Journal.

Built on speculation by veteran developer Ramtin Ray Nosrati, the palatial property sits behind high gates and offers a range of eye-catching amenities – a hair salon, putting green, game room with a high-tech sports simulator, and a 1,000-gallon aquarium. There was also, at least at the time the property was completed, a “cannabis garden” on the roof that was stocked with marijuana plants.

The listing details don’t give the total living space, but reports suggest the place could weigh a whopping 55,000 – a number that includes the two-story guest house. There’s also a world-class movie theater with a fiberglass ceiling to simulate a starry sky, like a more advanced version of what you might find in a modern Rolls Royce.

The facility is so devotedly garish that a mere glance into one room or another is enough to stimulate overstimulation, but myriad other features include a bespoke wet bar made of exotic wood and stone, a large, double-height room and a linear fireplace nestled in a monolithic stone wall that stretches from floor to ceiling, a lush indoor garden, indoor pool and spa suite, outdoor infinity pool, and huge indoor and outdoor living spaces with more wet bars, flat-screen TVs, fire pits and more numerous lounge areas.

Feinberg, a former managing director of the hedge fund founded by George Soros that became the Soros Fund Management family office, once had his own investment firm. The $ 1 billion JLF Investment Fund closed a few years ago; Today the experienced trader runs Feinberg Investments, a limited partnership that invests his personal assets. In addition to his hedge fund career, Feinberg reportedly bet on Bitcoin early on, a move that has paid off extraordinarily well over the past year, with the exception of a few minor dips.

The story goes on

Feinberg is also known for his preference for extremely simple houses. In late 2019, he caused a stir when he sold his $ 15 million mansion in Hidden Hills to YouTube star Jeffree Star. He also once owned a vast, almost all-concrete, site on Point Dume in Malibu, though that property was sold to an undisclosed couple earlier this year by his ex-wife, Stacey Feinberg, for $ 21.8 million. On Santa Monica’s Gold Coast, Feinberg still owns an oceanfront home that’s currently on the market for just under $ 11 million, despite paying $ 12 million for it less than two years ago.

The Brentwood listing was held by a consortium of senior LA agents: Branden and Rayni Williams of The Beverly Hills Estates, Shauna Walters and Sally Forster Jones of Compass, and Josh and Matt Altman of the Altman Brothers team at Douglas Elliman.

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