Which celebrities made millions in the property market 2023

Agent Advice, a real estate consultancy, conducted a comprehensive analysis of over 130 celebrity-involved property sales in the United States from January 2023 onwards. Their study aimed to identify the celebrities who garnered the most significant profits by comparing the initial purchase prices with the final transaction amounts.

Mark Wahlberg, the Boston-born actor, successfully sold his expansive 30,500 square-foot mega mansion in Beverley Park, Southern California, for $55 million in February this year. Despite its initial listing at $87.5 million the prior year, Wahlberg experienced a 37% reduction in the asking price. He bought the land for $8.25 million in 2009 and enlisted Richard Landry to construct the mega-mansion, ultimately realizing a substantial profit of $46.7 million. Spanning 6.2 acres, the property boasts amenities like a skate park and a basketball court.

Following closely was Brad Pitt, who sold his long-held Los Feliz compound, where he raised his six children with Angelina Jolie, for $33 million in April. Having bought the 6,700 square-foot mansion over three decades ago for $1.7 million from Cassandra Peterson, Pitt made an impressive 1,840% profit. Over the years, he expanded the Californian property by acquiring neighboring lots. Downsizing significantly, Pitt swapped homes with actress Aileen Getty, selling for $7 million less than his initial asking price.

Celine Dion made headlines in May by selling her expansive 31,000-square-foot mansion in The Summit Club, Las Vegas, for $30 million—triple the amount she paid in 2017. Despite uncertainties about residency, a year-long renovation led to an impressive $20.8 million profit from the property's initial purchase price.

Broadcast journalist Diane Sawyer sold her coastal Massachusetts vineyard to healthcare investor David Malm for $23.9 million, a mere $100,000 off the initial asking price. Sawyer's residence since the mid-1990s, the 20-acre estate known as "Chip Chop," was purchased for $5.3 million, resulting in an incredible $18.6 million profit due to its attractive amenities and detached suites.

David Ortiz, the retired Boston Red Sox designated hitter, made headlines with a record-breaking $10.55 million deal for his Floridian mansion this year. Acquired for $1.5 million in 2016, Ortiz's recent transaction made him over $9 million richer in just four months on the market. Initially listed for $12.5 million, the Pinecrest property features a home theater, gazebo, and sports memorabilia lounge.

Director and producer Judd Apatow secured a remarkable $9 million profit for his Brentwood property in October, selling it for $27 million—$2 million more than the asking price. Purchased in 2009 with Leslie Mann for $18 million, the property boasts over 10,000 square feet of space and an expansive backyard pool.

English actor and comedian James Corden sold his 8,600 square-foot Brentwood mansion for $17 million in July, making a 75% profit from his $9.7 million purchase in 2017. As Corden relocates to the UK, the property passed on to LeeAnn Akouri for $4.8 million below the asking price.

Oprah Winfrey bid farewell to her Montecito ranch house priced at $14.2 million, seeing a commendable profit of over $7.2 million from the $7 million she paid in 2005. Additionally, she sold another Montecito compound to Jennifer Aniston for $14 million in September.

Atlanta Hawks coach Quin Snyder secured a profit of $6.8 million for his Utah mansion, despite dropping over 40% in the initial asking price. The 12,000 square-foot residence includes eight bedrooms, ten bathrooms, a pickleball court, a saltwater infinity pool, and a putting green.

Rockstar Energy Drink founder Russ Weiner sold one of his six properties for $25 million, making a $6.4 million profit from the $18.6 million purchase in 2018. The 10,575 square-foot residence in Beverly Park was sold to NoHo tech CEO Tony Safoian after 41 months on the market.

Chris Heller, co-founder of Agent Advice, highlighted the celebrities' impressive profits, emphasizing the resilience and allure of the luxury property market. Heller noted strategic timing in these sales, revealing patterns such as February, April, and August yielding the highest profits, while January had the lowest. This analysis provides valuable insights for both celebrities and aspiring property investors, offering cues on optimal selling times.