Heiress buys mansion

[april47]

A 22 year old (yes I said 22) heiress just bought the Spelling mansion that was on sale for $150 million. I know her daddy obviously has money but I bet she doesn't have a clue of what the upkeep on this thing will be. If I was a betting person I would bet she declares bankruptcy by the time she's 30. Any others think the same thing?

[midjd]

She paid $150M for that thing? I saw some interior pics in People Mag a few years ago and wow... maybe it's just not my taste, but that place was garish.

And yes, I can imagine the electric bill alone is twice my mortgage. Wonder how long until it'll be on the market again...

[thyme4change]

She has a net worth of $4.5 Billion and bought the house for $85 million.

I think she can afford it.

[BeenThere...DoneThat...]

Jun 15, 2011 16:19:12 GMT -5 thyme4change said:

She has a net worth of $4.5 Billion and bought the house for $85 million.

I think she can afford it.

...agreed... having said that, she still could be bankrupt by 30... you never know...

[Plain Old Petunia]

<< She has a net worth of $4.5 Billion and bought the house for $85 million.

I think she can afford it. >>

Let's see, if she invests her 4.5 bil sensibly in a nice mix of index funds, she can safely withdraw 180 mil per year (using a 4% withdrawal rate).

Her new home cost less than half of her annual income, which is well within the guideline of 2.5x annual income, and is therefore approved. If she posted here, I would give her karma.

[april47]

"Bernie Ecclestone, founder of Formula One (the UK's NASCAR). Bernie is said to have a net worth of $4.2 billion."


Her father has the net worth of $4.2 billion and she has another sibling. Her money is in trust.

[Sum Dum Gai]

Even if she invested it all in CDs at 2% she'd be making 90 million a year. I don't think her expensive house is going to bankrupt her anytime soon.

[thyme4change]

Oops sorry - I was reading too fast. Her sister is stunning. Petra isn't as good looking as she thinks she is.

[Baby Fawkes]

I think I could find her attractive enough for an allowance of a few million a year

[Plain Old Petunia]

I think I could too, BabyBean.

[Sum Dum Gai]

The newly-engaged Ecclestone already owns $91 million London residence, which she told a British publication she bought because she needed a garden for her dogs.

Two things, number one, I now officially hate her, and two, it would appear she does indeed have more than a clue what the upkeep on that thing will be.

[phil5185]

Two things, number one, I now officially hate her, and two, it would appear she does indeed have more than a clue what the upkeep on that thing will be.

And she could turn out to be a far better steward of the property over the next 80 years than having the City of LA take it over and put it on the $10 tour bus tour.

[motherto2]

I would just ask her to get her dad to adopt me - I'd make a helluva big sister ;D and wouldn't need nearly as much money as her other sister!

[TrixAre4Kids]

Jun 15, 2011 16:44:46 GMT -5 Sum Dum Gai said:

The newly-engaged Ecclestone already owns $91 million London residence, which she told a British publication she bought because she needed a garden for her dogs.

Two things, number one, I now officially hate her, and two, it would appear she does indeed have more than a clue what the upkeep on that thing will be.

I doubt she's the one sitting down at the end of the month and writing out the checks for the bills.