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Saturday, Mar 15, 2025

Billionaires Buy, Sell in Beverly Hills

Eric Smidt, chief executive of hardware retailer Harbor Freight Tools and No. 41 on the Business Journal’s list of the Wealthiest Angelenos, has sold a Beverly Hills estate for $39.9 million, the Los Angeles Times reports. Smidt’s not leaving town, though: He owns another Beverly Hills estate, known as the Knoll, once owned by oil and entertainment tycoon Marvin Davis. Meanwhile, another billionaire is moving in: Markus Persson, the Swedish creator of video game “Minecraft” who sold his company to Microsoft for $2.5 billion this year, just paid $70 million for a Beverly Hills mansion, according to the Times.

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