Chinese Billionaire Buys $75 Million Bel Air Megamansion

An enormous estate in the Bel Air foothills has sold for a breathtaking $75 million — and the mega-bucks buyer hails from Mainland China. And indeed, although the grant deed is not yet officially filed, it’s widely known in Platinum Triangle real estate circles that the all-cash buyer is a Chinese billionaire businessman who found his Bel Air dream home in a highly unorthodox manner. If the urban legends are to be believed, the new owner simply “stumbled across” the Bel Air property one day while idly browsing Zillow, the online real estate database powerhouse. Through the app, he or his realtor contacted the listing agents and finagled a tour of the property, after which he fell even more madly in love. But so the stories go, nobody really took said buyer seriously until he whipped out his checkbook. And, well, the rest is $75 million worth of real estate history.