CHER | $88 MILLION | CALIFORNIA
Cher’s impressive real estate portfolio includes properties coveted even by other celebrities. For instance, her former Malibu mansion, rumored to be now owned by Jay-Z and Beyonce, was acquired for $40 million. However, did you know that Cher once resided in a magnificent residence sold for $88 million? Purchased by Cher and her then-husband Sonny Bono in 1974 for approximately $750,000, they later sold it for $950,000 following their separation.
Formerly owned by Robert Shapiro, The Owlwood Estate was initially listed for a staggering $180 million, later reduced to $115 million, before being acquired by Calch Urban Investments late last year. Situated in the prestigious Holmby Hills neighborhood of Los Angeles, this Italian Renaissance-style home boasts nine bedrooms and ten bathrooms within its sprawling 12,201 square-foot mansion. Additional features of the property include a guesthouse, swimming pool with a pool house, tennis court, guard tower, and fountains, all nestled on a sprawling 10-acre lot.
