Billionaire money manager’s son buys Beverly Hills pad for $16.3M
Phillip Sarofim, the son of Fayez Sarofim, nabbed the home at a discount to its asking price
By Subrina Hudson - May 01, 2017 04:36PM
Trousdale Estates in Beverly Hills has attracted another wealthy family with billionaire ties.
Phillip Sarofim, son of Texas billionaire and fund manager Fayez Sarofim, purchased a home on Dabney Lane last week for $16.3 million, an estimated $2.2 million under the asking price of $18.5 million, The Real Deal has learned.
The 6,200-square-foot property features five bedrooms ans six bathrooms. The home hit the market in February.
Described as having “Sinatra’s flair with Bond technology,” the mid-century modern home features heated terrazzo floors and a poolside bar and floating lounge, according to listing details.
The seller is an entity registered to Michael Wunderman, son of the late Swiss luxury watch manufacturer Severin Wunderman who built Gucci timepieces into a premier brand. The entity purchased the home in 2010 for $3.4 million, according to property records.
Branden and Rayni Williams of Hilton & Hyland represented the seller. Andreas Elsenhans of John Aaroe Group represented the buyer.
The Sarofim family is a staple in the Houston social circuit. The clan caused a bit of stir three years ago when the elder Sarofim proposed to his son, Phillip’s, mother-in-law Susan Krohn, founder and owner of Brooke Staffing Companies and New Orleans Auction Galleries.