Dwayne 'The Rock' Johnson Lost $3.4M, Ken Griffin Lost $15M And Billy Joel Took A $14M Haircut — How The Housing Market Is Humbling Celebrities And Billionaires

Benzinga and Yahoo Finance LLC whitethorn gain committee oregon gross connected immoderate items done the links below.

From Chicago to Georgia, a question of personage location income is proving that the ultra-luxury assemblage is facing a world check.

While the broader marketplace grapples with inventory shortages, the apical 1% are uncovering that trophy presumption doesn't warrant a instrumentality connected investment. In galore cases, A-listers are being forced to judge offers millions beneath their asking terms to determination their assets.

Hedge money tycoon Ken Griffin recently took a monolithic deed connected his Chicago portfolio, selling 2 full-floor units astatine No. 9 Walton for $19 cardinal astatine the extremity of 2025, according to Mansion Global. Having purchased the brace of condos for $34 cardinal successful 2017, Griffin took a 44% nonaccomplishment connected the sale.

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A spokesperson for Griffin told Mansion Global that "fiscal recklessness" and rising unit successful the metropolis arsenic catalysts for the market's decline, arsenic Griffin continues to determination his wealth toward Miami.

Music fable Billy Joel also learned that nostalgia doesn't ever pay. After astir 3 years connected the market, Joel finalized the merchantability of his 26-acre property connected New York's Long Island — a spot he'd vowed to ain arsenic a teenager, Mansion Global reported.

Though helium initially sought astir $50 million, the spot yet sold successful pieces for a full of $35.7 cardinal — a $14 cardinal discount from his archetypal asking price.

In the Southeast, Dwayne "The Rock" Johnson faced a akin smackdown. He sold his 46-acre Georgia equestrian property for $6.1 cardinal successful September — a $3.4 cardinal nonaccomplishment from the $9.5 cardinal helium paid for it successful 2019, Mansion Global reported.

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The inclination extends to the sports satellite and the drama stage:

• Los Angeles Dodgers archetypal baseman Freddie Freeman and his woman sold their location successful Studio City, California, for $6.45 cardinal — a $1.4 cardinal nonaccomplishment from their 2023 acquisition price.

• Comedian Amy Schumer and her estranged hubby took a $1.25 cardinal deed connected their townhouse successful New York City's Brooklyn Heights neighborhood, selling it for $11 cardinal aft paying $12.25 cardinal successful 2022, according to Mansion Global.

• Grammy-winning vocalist Marc Anthony sold his Miami condo astatine One Thousand Museum for $8.6 million, astir $2.4 cardinal little than his 2021 buy-in.