Kuwaiti billionaire’s seven Bel Air homes head to auction for $105M
A Bel Air property consisting of seven houses is heading to auction, but not before asking nine figures for the entire package. The roughly 15.9-acre property, spanning nine parcels and seven homes across Lower Bel Air, will be marketed for $105 million ahead of a no-reserve auction next month, Mansion Global reported. Kuwaiti billionaire Bassam Alghanim owns the property and has been piecing together the assemblage since 1979. After the death of his father, Yusuf Ahmed Alghanim, in 1992, Bassam Alghanim inherited a stake in his family’s company, Alghanim Industries, though he is not involved in its running. The Kuwait-based […]This article originally appeared on The Real Deal. Click here to read the full story.
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