Worth a Read: Variety Profiles the Millennial Millionaires Who Are Making West Hollywood Home

$18.5 million, 3,850 square feet, three bedrooms, three and a half baths, and a view high over the hoi polloi

It looks like some people can afford housing in West Hollywood.

So Variety reports in “Residences at the West Hollywood Edition Lure Youthful Billionaires.”

The Hollywood entertainment industry magazine reports that 15 of the 20 condo units atop the Marriott hotel on Sunset Boulevard between Hammond and Doheny have been sold at prices starting at $4 million.

And the buyers? “Some savvy moguls, some trust-funders, some possible money launderers, but all of them jetsetters with no credit limits and highly visible lives,” Variety reports. And they’re more likely to be late Gen X’ers or early Millennials than Boomers.

They include Steve Aoki, 42, a Gen X’er whose 1977 birthday puts him just four years short of the Millennial generation. Aoki is a DJ, record producer, and music executive. Then there’s Ryan Tedder, a 41-year-old Gen X’er singer, songwriter, musician who Variety reports shelled out $6.3 million for this Edition home. Justin Mateen, at 34 a solid Millennial and a co-founder of Tinder, paid $5.2 million (a deal compared to the $19 million his other home in Bel Air cost him). Millennial Nick Gross, 32, bought one of the two Edition penthouses for $15.5 million. Gross, who Wikipedia describes as an “entrepreneur, musician and trust fund baby,” is the son of Bill Gross, founder of the Pimco investment firm. He’s famous (or infamous) as the funder of “Find Your Grind,” a somewhat controversial program that encourages kids to explore options other than college. His co-founder in that venture is Luke “Dingo” Trembath, controversial for his explosive, and videotaped, rant of homophobic comments at an event in Colorado.

Nick Gross

And then there are those foreigners (not the ones who have had to make the painful migration across the Mexican/United States border.) They are Jose Seripieri Filho, a Brazilian businessman arrested in that country for his involvement in a political slush fund, and Farah and Fajer Al Rajaan, the daughters of a Kuwaiti government official who has escaped his native land, where he’s been sentenced to life in prison for embezzling $850 million from the government.

In addition to the Edition Residences’ amazing views, “current Edition homeowners say one of the building’s biggest attractions is a feature it actually lacks: affordable housing, something that has been mandated in other developments,” says the Variety story. “8899 Beverly and Pendry have the low-income units, while the Edition, Four Seasons and Century Plaza, due to their size and location, do not. Residents at those developments rest easy with the peculiar comfort of knowing all their neighbors are also exorbitantly wealthy, for better or worse.”

However, the hoi polloi are invited in to do the cleaning.

3 2 votes
Article Rating

14 Comments
Newest
Oldest
Inline Feedbacks
View all comments
Cy Husain
1 month ago

Oh boy, sock puppet account postings in support of a foundation that encourages young people to NOT get a College Education ❗ Ever wonder whose interests that serves❓

WhiteTrashVote.jpeg
Peter Gonzales
Peter Gonzales
2 months ago

Check out Nick’s foundation http://www.fygfoundation.com, talk about GIVING BACK to the community. Solid!

Trevor Daniels
Trevor Daniels
2 months ago

Find Your Grind is a leading learning platform in the industry. They’ve launched festivals with Amazon, Twitch, TikTok to name a few and have curriculum in all 50 states across the country. I’ve seen their work first hand and it’s amazing, my students actually use it in our school. Nick is an incredibly passionate guy, super hard working and it’s obvious that someone is messing with his online profile and it’s a bummer to see.

Armin Mahone
Armin Mahone
2 months ago

I love the work Nick has done with Find Your Grind. The company is epic and does aawesome stuff for the LA community. Kids building an empire!

Luke Sherril
Luke Sherril
2 months ago

It’s crazy how Bill Gross has actually setup teams to go after his own son in press around Nick’s companies. A bit of jealousy you think? 🤔

jann
jann
2 months ago

nick gross is a stand up guy who works hard and gives back to the community he loves. you should have written about all of that. check your facts!!!

Larry Block
Larry Block
2 months ago
Reply to  jann

If any of you idealistic aspirational well off want to support an honest campaign for the public good please support my campaign at http://www.weho2020.com

Dude
Dude
2 months ago

A few days ago another stellar resident proudly documented on social media their maskless house party extravaganza.

C.R.
C.R.
2 months ago
Reply to  Dude

Covid is for other people. Gotta keep livin that best life. That’s about the sum of the thought process.

Cy Husain
1 month ago
Reply to  C.R.

We refer to such people as COVIDIOTS ❗ The good news is that in the Los Angeles area, power and water at properties hosting COVID parties during the pandemic can be cut off. 😁

John Daniel Harrington-Tyrell
John Daniel Harrington-Tyrell
2 months ago

I am sure they are extremely charitable

greeneyedboy
greeneyedboy
2 months ago

Oh i’m sure they’re all full of substance and a joy to talk to…….

CLEAN UP WEHO
CLEAN UP WEHO
2 months ago

Nick Gross is definitely a class act and obviously from old money! Maybe the hotel should use that image to sell their deluxe properties. It’s a great draw.

Cy Husain
1 month ago
Reply to  CLEAN UP WEHO

REALLY ❓ So far its managed to “draw” some guy born into white privilege from his billionaire father as his ONLY real achievement despite his ostentatious claims, a political slush fund business crook and, the daughters of a mega embezzler. Is the “class act” going to be some ousted dictator wanted by an international warcrimes tribunal? We need to “clean up WeHo” by sending these types of people to Beverly Hells❗