The Economic Times

Leonard Ross bought the Beverly Hills Hearst Estate for $473,000 in 1976; 40 years later, he listed it for $195 million, but 5 years after that, the mansion headed to auction

Leonard Ross's Beverly Hills mansion was placed for auction due to accumulated debts exceeding $50 million. Initially listed for $195 million in 2016, the price was reduced over the years to attract buyers. Ultimately, a bankruptcy auction was held in September 2021 after failed sale attempts. Nicolas Berggruen emerged as the winning bidder, purchasing the estate for $63.1 million.