Mansion Global: LA Mansion Sells for $37M to Former Meta Exec David Marcus
Former Meta executive David Marcus has purchased a $37 million mansion in Los Angeles, according to people familiar with the deal.
Designed by California megamansion architect Paul McClean, the six-bedroom Bel-Air mansion includes a tri-level waterfall feature that flows into a reflecting pool, a swimming pool, a large outdoor deck, a gym and wellness area, a 20-person theater and a temperature-controlled wine room, according to the listing. The property was listed for $41 million.
Mr. Marcus led Meta’s heavily scrutinized cryptocurrency initiatives before stepping down last year to pursue entrepreneurial projects outside the company, The Wall Street Journal reported. He joined the company in 2014 to run Facebook Messenger, then oversaw Facebook’s expansion into blockchain-based financial technology, including a new cryptocurrency initiative formerly known as Libra, then Diem. Those efforts came under fire from regulators.
The house is just Mr. Marcus’s latest major real-estate buy. In 2020, a company tied to Mr. Marcus purchased a $22 million, seven-bedroom estate in Atherton, Calif., records show
The buyer was represented by Kurt Rappaport of Westside Estate Agency, Zillow shows.
Click here to read the full article on mansionglobal.com.