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Fashion Nova CEO Is Buyer of $141 LA Million Mega-Mansion

  • Saghian led bidders for house once floated for $500 million
  • Offer must still receive approval from bankruptcy court
“The One” in Bel Air.
“The One” in Bel Air.Photographer: Allen J. Schaben/Los Angeles Times/Getty Images
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Richard Saghian, owner of the fast-fashion business Fashion Nova, has emerged as the winning bidder of the Los Angeles mansion known as “The One.” 

The 21-bedroom, 49-bath Bel Air estate sold Thursday for $141 million to an undisclosed bidder, whose identity was confirmed to be Saghian on Sunday.