Home / Arts and Entertainment / Celebrities Cash In on Real Estate Boom: Cavallari, Duchovny, and Ryan Score Big Profits
Celebrities Cash In on Real Estate Boom: Cavallari, Duchovny, and Ryan Score Big Profits
22 Jul
Summary
- Kristin Cavallari made $4.5M profit selling Tennessee estate
- David Duchovny parts with Malibu home after 20+ years for $12.5M
- Meg Ryan stands to gain $10M on Montecito property
The celebrity real estate market has been bustling with high-profile transactions and moves in recent times. Kristin Cavallari recently made a hefty $4.5 million profit by selling her beautifully renovated Tennessee estate. Elsewhere, David Duchovny is parting with his serene Malibu residence for $12.5 million after calling it home for over 20 years. In California, Meg Ryan stands to make a $10 million gain on her chic Montecito property.
However, not all celebrities have found success in the real estate market. Stars like Justin Bieber and Reese Witherspoon have faced setbacks, losing substantial amounts when trying to sell their posh pads amid a tough market. In contrast, Paris Hilton has splashed out a whopping $63.1 million for Mark Wahlberg's former Beverly Hills mansion, complete with lavish amenities that rival her own extravagant lifestyle. As Paris settles into her new digs, real estate mavens Tarek and Heather El Moussa are embarking on a fresh venture, eagerly sharing glimpses of the new property they plan to transform with their signature style.
