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
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.