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Real Estate

The $38 Million Mansion That Reebok Built

Billionaire founder Paul Fireman will throw in seven acres next door, in the Boston suburb of Brookline, for an additional $17 million.

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In 1997, Paul Fireman, the founder and then-chairman and chief executive officer of Reebok International Ltd., was living with his wife Phyllis in an historic house. “It was a very nice house, but it was old and I wanted it renovated,” Fireman says.

After hearing from architects that his plans would basically involve a gut renovation, “I said, I’m not going to destroy this house. I’ll look for another piece of property.”