Billionaire Neil Kadisha Buys $25 Million Beverly Hills Estate
Only a handful of homes in Beverly Hills are adjacent to the golf courses of the famed posh Los Angeles Country Club. One of the largest of these properties is the so-called Simon Estate, a 2.4 hectare property that Donald Simon, son of the well-known art collector and philanthropist Norton Simon, has long owned. Last summer the house was sold to businessman Neil Kadisha for $ 25 million - a relative steal considering the place was listed for a much heftier $ 38.5 million in early January 2020.
While not exactly a household name, Kadisha has long been one of the richest men in LA and remains a prominent member of the Nazarian clan, one of the richest Iranian-Jewish families in the world whose fortunes came largely from a lucrative early investment in a technology giant results Qualcomm. The L.A. Business Journal estimates Kadisha's net worth at $ 2.7 billion.
The park-like Simon property is surrounded by a dense canopy of mature trees and hedges and comprises a 10,600 square meter mansion designed by architect Peter Choate in the 1980s. Though parts of the house are sadly out of date - most obviously the kitchen, which remains a perfect '80s time capsule, the mansion is not without decorative bright spots. There is an atrium with impressive beamed ceilings, open plan living spaces with oversized windows overlooking the grounds, and a large dining room with a massive chandelier.
Elsewhere there are some interesting decorating options - blue-green and light-blue carpets, a decidedly maximalist floral wallpaper in the guest toilet, and a master bathroom with crystal chandeliers and carpeting. The property's most valuable feature, however, is undoubtedly its extensive grounds, which include a swimming pool, large tennis court, meandering stone driveway guarded by massive iron gates, and seemingly endless expanses of emerald green lawns.
Kadisha and his family are certainly no strangers to high-end real estate; Records show he continues to own a mansion in the Beverly Hills Flats area and other properties in Beverly Hills and Brentwood. And last year, his daughter Leora and her husband - Jonathan Neman, CEO of Sweetgreen - paid $ 21 million for a Beverly Hills home that once belonged to Ellen DeGeneres.
Kadisha also once owned a $ 20 million mansion in the exclusive Beverly Park condominium, although records show the property was given to his wife, celebrity philanthropist Dora Nazarian Kadisha earlier this year.
Kurt Rappaport and Kevin Booker of Westside Estate Agency kept the listing; Rappaport also repeated the buyer.
Gallery start: In Neil Kadisha's $ 25 million Beverly Hills Estate
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