A luxury estate in California has just changed hands for a whopping $83 million, the second most expensive residential transaction in California this year, according to real estate website Dirt.
With a total area of 20, 000 square feet (1858 square meters), the mansion has six bedrooms, 18 bathrooms and a retractable roof, as well as four theatres, a large swimming pool and a spa. In short, it has all the amenities and security measures that the super-rich want.
The identity of the buyer was not disclosed, but according to real estate sources, the new owner got rich by investing in encrypted currencies. This is part of a growing trend for cryptocurrency tycoons to enter the luxury real estate market.
Forbes estimates that there are a total of 12 cryptocurrency billionaires (with a net worth of more than $1 billion), up from four in 2020.