Paris Hilton buys US$63mil Beverly Park mansion from Chinese billionaire's family after losing Malibu home in wildfire
HANOI (Vietnam News/ANN): American socialite Paris Hilton has purchased a US$63 million Beverly Park estate from a firm controlled by Chinese billionaire Xu Hang's wife after losing her Malibu home in the Los Angeles wildfires.
According to People magazine, Hilton's newly acquired property spans 30,500 square feet (2,834 square meters) and includes 12 bedrooms and 20 bathrooms.
The estate also features high-end amenities such as a five-hole golf course, resort-style pool with waterslides, a sports court, skate park, wine cellar, movie theater, two-story library, and a grand entry with twin staircases. A guesthouse also sits on the grounds.
The mansion was originally developed by American actor Mark Wahlberg and his wife around 2014. In Feb. 2023, the couple sold it for US$55 million—the highest residential sale in Southern California that year. Xu purchased the estate, and his wife's company relisted it in March 2024 with an asking price of US$68 million, according to real estate listings site Mansion Global.
From Jan. 7 to 31, a series of destructive wildfires ravaged parts of the Los Angeles metro area and San Diego County, burning more than 37,000 acres, killing 30 people, and destroying over 16,000 structures, according to the California Department of Forestry and Fire Protection.
Hilton said on Instagram she discovered her Malibu home had been destroyed in the Los Angeles wildfires while watching live television coverage on Jan. 9.
"Heartbroken beyond words," she wrote. "Sitting with my family, watching the news, and seeing our home in Malibu burn to the ground on live TV is something no one should ever have to experience."
She described the Malibu residence as the place where her son Phoenix took his first steps and where she and her husband, American author and venture capitalist Carter Reum, envisioned raising their daughter London and building lasting memories.
Hilton also shared that Phoenix had expressed a desire to become a firefighter after witnessing the wildfires' devastation.
At 45, Hilton is the great-granddaughter of Hilton Hotels founder Conrad Hilton. She rose to tabloid fame in the late 1990s as a fixture of New York's social scene, began modeling in 2000, and was dubbed "New York's leading It Girl" in 2001.
Her career has spanned reality TV, documentaries, music, books, podcasts, and acting, with credits including the films "House of Wax" and "Repo! The Genetic Opera."
She married Reum in 2021. The couple's two children were born via surrogacy.
Xu, 63, is co-founder of Shenzhen Mindray Bio-Medical Electronics, a leading Chinese medical equipment supplier, according to Forbes. He is also the owner of Parkland Group, a major real estate developer best known for the One Shenzhen Bay skyscraper complex.
Forbes estimated his net worth at US$7.8 billion as of June 22, ranking him the 34th-richest person in China.
Wahlberg, 54, is known for roles in films such as "Planet of the Apes," "The Departed," "The Italian Job," "Ted," and the "Transformers" series. - Vietnam News/ANN
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