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Rupert Murdoch’s son Lachlan buys Bel Air estate featured on Beverly Hillbillies for $150million

Rupert Murdoch’s son Lachlan buys Bel Air estate featured on Beverly Hillbillies for $150million

Lachlan Murdoch, the co-chair of News Corp and the son of media mogul Rupert Murdoch, has reportedly purchased a grand California home in the second most expensive residential property sale ever in the US.  The sprawling Bel Air estate was owned by late media tycoon Jerry Perenchio, and was once the home of ‘The Beverly

Lachlan Murdoch, the co-chair of News Corp and the son of media mogul Rupert Murdoch, has reportedly purchased a grand California home in the second most expensive residential property sale ever in the US. 

The sprawling Bel Air estate was owned by late media tycoon Jerry Perenchio, and was once the home of ‘The Beverly Hillbillies,’ before it hit the market for $350million in August 2017.

But the media executive, 48, snapped it up for $150million, a personal familiar with the deal told the Wall Street Journal which is owned by News Corp.

The publication said it did not immediately get a response to a request for comment from the married father-of-three who is worth $3.62billion, according to the Australian Financial Review. 

Lachlan Murdoch, 48, worth 3.62billion, has purchased the sprawling Bel-Air estate (pictured), which was once the home of The Beverly Hillbillies, News Corp's Wall Street Journal reported Wednesday

Lachlan Murdoch, 48, worth 3.62billion, has purchased the sprawling Bel-Air estate (pictured), which was once the home of The Beverly Hillbillies, News Corp’s Wall Street Journal reported Wednesday

Lachlan Murdoch has purchased a grand California home in the second most expensive residential property sale ever in the US

The co-chair of News Corp is the son of media mogul Rupert Murdoch (right)

Lachlan Murdoch, the co-chair of News Corp and the son of media mogul Rupert Murdoch (right), purchased the home in the second most expensive residential property sale ever in the US (pictured right in 2015 and left in 2019)

Before the Australian-British-American – who was born in London and resides in Brentwood, California – purchased the home, at one point it was the most expensive home in the United States. 

A little more than a year after going on sale, the home’s price tag was slashed by $100million. In October 2018, the residence hit the market again, but with an asking price of $245million.  

That price was cut by $50million in June to an asking price of $195million. 

The property was listed by the Hilton & Hyland real estate agency, which is owned and operated by Jeff Hyland. The agency’s associates, Drew Fenton and Gary Gold, oversaw the sale of the home. 

In August 2017, the home hit the market for $350million, making it the most expensive home in the United States

In August 2017, the home hit the market for $350million, making it the most expensive home in the United States

The property was listed by the Hilton & Hyland real estate agency, which is owned and operated by Jeff Hyland

The property was listed by the Hilton & Hyland real estate agency, which is owned and operated by Jeff Hyland

A little more than a year later, the home's price tag was slashed by $100million. In October 2018, the residence hit the market again, but with an asking price of $245million

A little more than a year later, the home’s price tag was slashed by $100million. In October 2018, the residence hit the market again, but with an asking price of $245million

It was built by renowned architect Sumner Spaulding in 1930 for a property developer and his wife

It was built by renowned architect Sumner Spaulding in 1930 for a property developer and his wife

Despite the $200million price cut over the last two years, the home was still the most expensive on the market in Los Angeles County. 

The record sale for a home was $110million, which was set in April 2018 when Peter Morton sold his oceanfront manse in Malibu, according to the Los Angeles Times

According to the real estate agency’s website, Chartwell ‘is the ultimate trophy and a legend cherished for generations’. 

Perenchio, the former CEO of Univision who died in May 2018 at the age of 86, left behind the lavish home. 

He enhanced and restored the limestone mansion with designer Henri Samuel and architect Pierre Barbe. 

The sprawling main house recalls 18th century chateaus and boasts a ballroom, a huge 12,000 bottle wine cellar, a salon and is connected by elevators and underground tunnels.

In June, the price was cut by $50million to $195million. Pictured is the tennis court at the property

In June, the price was cut by $50million to $195million. Pictured is the tennis court at the property

The $150million sale of Chartwell beat the record sale price of a home in Los Angeles County

The $150million sale of Chartwell beat the record sale price of a home in Los Angeles County 

A fountain is pictured at the home which had a price cut of $200million over the last two years

A fountain is pictured at the home which had a price cut of $200million over the last two years

It was built by renowned architect Sumner Spaulding in 1930 for a property developer and his wife.

But the pair didn’t move in, so it lay empty until the 1940s. 

In the 1960s, it was known as the home of the Clampett family on The Beverly Hillbillies. 

The property was shown in the opening credits and throughout the popular sitcom that ran from 1962 to 1971. 

In the first episode, when the Clampetts first saw their new home, they mistook it for a prison.

They then moved in and made themselves at home. 

The record sale for a home in the US was $110million, which was set in April 2018 when Peter Morton sold his oceanfront manse in Malibu

The record sale for a home in the US was $110million, which was set in April 2018 when Peter Morton sold his oceanfront manse in Malibu

According to the real estate agency's website, Chartwell 'is the ultimate trophy and a legend cherished for generations'

According to the real estate agency’s website, Chartwell ‘is the ultimate trophy and a legend cherished for generations’

The sprawling main house recalls 18th century chateaus and boasts a ballroom, a huge 12,000 bottle wine cellar, a salon and is connected by elevators and underground tunnels

The sprawling main house recalls 18th century chateaus and boasts a ballroom, a huge 12,000 bottle wine cellar, a salon and is connected by elevators and underground tunnels

The interiors were renovated in the late 1980s by Henri Samuel, one of the most important designers of the 20th century

The interiors were renovated in the late 1980s by Henri Samuel, one of the most important designers of the 20th century

The 10.3 acre estate features large gardens, a 75ft swimming pool, a tennis court and an underground parking garage which is believed to have enough room for up to 40 cars

The 10.3 acre estate features large gardens, a 75ft swimming pool, a tennis court and an underground parking garage which is believed to have enough room for up to 40 cars 

After the series ended, the estate itself was owned by renowned hotelier Arnold Kirkeby before Perenchio bought it in 1986.

Media tycoon A. Jerrold 'Jerry' Perenchio died in May at the age of 86. He purchased the property in 1986

Media tycoon A. Jerrold ‘Jerry’ Perenchio died in May at the age of 86. He purchased the property in 1986

The interiors were renovated in the late 1980s by Henri Samuel, one of the most important designers of the 20th century. 

The 10.3 acre estate features large gardens, a 75-foot swimming pool, a tennis court and an underground car-park for 40 cars. 

There are five properties on the entire estate, including the longtime residence of Ronald and Nancy Reagan.

Perenchio bought the former first couple’s property for $15million in June 2016. 

The residence boasts impressive views of downtown Los Angeles over the treetops at the edge of the estate.

Perenchio made his name as a talent manager, working with artists including Andy Williams, Johnny Mathis and Sergio Mendes in the 1960s.

He also worked as a sports promoter before a successful television career with Tandem Productions, producing well known TV hits including All in the Family and Sanford and Son.

His film production credits include Blade Runner and Driving Miss Daisy, and his Embassy Pictures company sold to Coca Cola for $485million in 1985.   

The residence boasts impressive views of downtown Los Angeles over the treetops at the edge of the estate

The residence boasts impressive views of downtown Los Angeles over the treetops at the edge of the estate 

In the 1960s, it was known as the home of the Clampett family (pictured) on The Beverly Hillbillies. The property was shown in the opening credits and throughout the popular sitcom that ran from 1962 to 1971

In the 1960s, it was known as the home of the Clampett family (pictured) on The Beverly Hillbillies. The property was shown in the opening credits and throughout the popular sitcom that ran from 1962 to 1971

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