Many individuals are unaware of the fact that Osama Bin Laden was essentially a privileged trust fund child. Mohammed, the father of Osama, was born in abject poverty in Yemen but went on to amass a huge fortune as the creator of the Saudi Binladin Group, a construction firm that is still in operation today. Mohammed was the only Saudi Arabian millionaire who was not a member of the royal family at the time of his passing in 1967. Mohammed has 52 kids in total. Each of his children received $20–$30 million upon his passing. That is equivalent to almost $160 million in today’s money.
Ibrahim, who was then in his early 20s, relocated to the United States in the early 1980s so that he could attend the University of Southern California. And since a millionaire Saudi playboy can’t exactly live in a dorm, he decided to buy himself a house.
In 1983 Ibrahim paid $1.65 million for a 2-acre mansion in the exclusive LA enclave of Bel Air. That is equivalent to investing roughly $4.5 million in today’s money.
The family spent years living in their 7,000 square foot Bel Air estate in opulence. They had a tiny army of full-time drivers, gardeners, guards, and servants. Ibrahim regularly loaded the garage and circular driveway with high-end vehicles, such as Ferraris, Lamborghinis, and Rolls-Royces.
Unfortunately, on September 11, 2001, this ideal life was destroyed.
Due to a lack of care, the mansion deteriorated over time. The estate had only been sufficiently cleaned up to be used as a film location, it was discovered in 2010. Sadly, it was for adult movies. A news report from the time claimed that adult production company Wicked Pictures had filmed at least five hardcore movies in the mansion, perhaps paying $5 – 10,00 a day as a location/cleaning fee.
For the last decade the home has been entirely abandoned and earlier this week it hit the market. What is the cost?
The images, which Coldwell Banker uploaded to the MLS, present an unsettlingly depressing picture.
through Coldwell Banker/MLS
through Coldwell Banker/MLS
The home’s interior is not depicted in any photographs. Most likely, the buyer is acquiring a complete tear down. a $28 million deconstruction.
“Prime Lower Bel Air, few doors from the Bel Air Hotel, walk to the hotel for breakfast or dinner, over 2 acres gated and private setting. Owner hasn’t been here in over 20 years, so it’s ready for renovation. LAND WORTH. Three locations are better than two.”
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