ShapeShift CEO reportedly spent nearly $10m on custom-built mansion in Los Angeles

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A mansion in Los Angeles constructed by the late Lakers basketball Wilt Chamberlain has reportedly been offered to ShapeShift CEO Erik Voorhees for $9.7 million.

A Los Angeles-based mansion as soon as owned by basketball participant Wilt Chamberlain has discovered a brand new purchaser in ShapeShift CEO Erik Voorhees, who purchased the property for $9.7 million, Robb Report has learned. Whereas the determine falls wanting the preliminary asking worth of practically $19 million, it nonetheless represents a major revenue for the earlier proprietor, Dmitri Novikov, who beforehand acquired the property for $6.7 million in 2008, the report notes.

ShapeShift CEO reportedly spent nearly $10m on custom-built mansion in Los Angeles - 1
A five-story nice room in Ursa Main | Supply: Robb Report

The residence, constructed over 5 a long time in the past, is located atop a gated, 2.5-acre hillside parcel in Bel Air, a ritzy residential enclave standard with celebrities and leisure business elite. Designed by architect David Tenneson Wealthy, the property, generally known as “Ursa Main,” underwent a major transform in 2008 below Novikov’s possession, which included updates to the kitchen and decrease stage.

The grand entrance, marked by a stone walkway over a water function, results in a hovering nice room, which encompasses a 40-foot cathedral ceiling and a sunken dialog pit warmed by a hearth. The property additionally encompasses a connoisseur kitchen with high-end home equipment and a floating staircase resulting in the grasp retreat on the second flooring, the report says.

Voorhees, whose internet value was estimated at $30 million in August 2023 in keeping with data from Bitkan, joins a rising checklist of crypto entrepreneurs investing in Bel Air actual property, following a collection of each rallies and busts within the crypto market. As an example, Coinbase CEO Brian Armstrong additionally reportedly purchased a $133 million Los Angeles mansion in January 2022.

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