He reportedly bought the enormous Beverly Hills home in order to be closer to his children.

Australian billionaire James Packer has paid $59.5 million USD ($82 million AUD) for Dany DeVito’s former home in Beverly Hills, California.

 

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Mr DeVito and his wife Rhea Perlman lived there for more than 20 years.

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The property is 2,694 square meters, and includes a huge main home with 7 bedrooms, several separate guesthouses, and a garage that holds 8 cars.

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There is also a separate “entertainment building” which houses Mr DeVito’s original screening room, as well as a cigar room and wine room.

 

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The property sold for $29 million in 2015 to Stuart and Stephanie Liner, who undertook extensive renovations.

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According to Domain.com, the property sold for $34 million AUD below the asking price, being listed at $116 million, both prices in AUD.

You may recall that Mr Packer sold his Bondi Beach “bachelor pad” last month for a record $29 million.

He set another record in 2015 when he sold the “La Mer” mansion in Vaucluse for $70 million, and again when he bought an apartment in 2016 for $60 million.

Forbes estimates Mr Packer’s net worth at around $3.9 billion.

 

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The “makeup room” has a private elevator up to a former closet in the master suite.