Billionaire Revolve Founder Buys $45 Million Beverly Hills Home – DIRT
Are large contemporary mansions, the kind built by impetuous developers on speculation, now out of fashion? Not if you ask Michel Mentethe co-founder of the online clothing juggernaut Turn. Angeleno and new billionaire just paid exactly $45 million for a brand new ultra-glassy home that never even had a chance to officially hit the market.
Located on a hillside street in the northernmost part of Beverly Hills, the mansion was designed by a prolific architect Paul McClean – the same contemporary specialist who also designed Nile Niami’s $295 million monster “The One” – and built by a high-end contractor Tyler Development Corporationwith interior design by Annette English of Annette English + Associates and landscaping by Enzo Caserta Landscaper. Set on 0.8 acres, the home features seven bedrooms and 10 bathrooms in approximately 15,000 square feet of high style living space.
Because the property has never been publicly offered for sale, photos are a bit sparse and some features remain a mystery. But the vast house itself is known to have retractable glass walls throughout, as well as monolithic travertine walls inside and out. Views embrace the Century City skyline; on a clear day, the Pacific Ocean and Catalina Island are also visible. For more privacy, the mansion is sequestered behind a steep, particularly long gated driveway. The landscaping is drought-tolerant, with long native grasses, mature agave plants, and century-old olive trees.
Mente, 41, co-founded Revolve in 2003 with business partner Mike Karanikolas. Today, the millennial-centric company is one of the largest and best-known e-commerce fashion companies in the world, selling apparel from over 500 fashion brands, as well as 20 in-house brands. Revolve went public in 2019 with a valuation of $1.2 billion; since then, the stock has soared.
Mente is particularly known for being one of the first to pioneer “influencer marketing” to sell products, creating a network of over 7,500 social media celebrities and Instagram influencers. Whatever you think of this strategy, it has worked extremely well – today Revolve boasts a market capitalization of $3.6 billion and Mente’s personal net worth exceeds $1 billion.
And savvy real estate observers might recognize the name Mente. In 2013 he was famous paid $4.7 million to “Friends” star Matthew Perry for his high-style contemporary home in the Outpost Estates neighborhood of the Hollywood Hills, which has served as Mente’s primary residence ever since. Last year, Mente also paid $10.6 million for a sprawling wine estate in the Santa Ynez Wine Valley, near Santa Barbara.