You will be redirected back to your article in seconds

Wish Billionaire Peter Szulczewski Drops $15 Million in Bel Air

Bel Air, Los Angeles, Calif.
$15.3 million
11,695 square feet, 7 beds, 9 baths

Although L.A.’s high-end real estate market has recently been faltering, cash-flush tech entrepreneurs have kept it on life support with their headline-grabbing purchases. Uber’s Garrett Camp famously dropped $72.5 million in Beverly Hills, WeWork’s Michael Gross bought a $28 million Brentwood estate, and former Facebook COO Owen Van Natta nabbed a $10 million Santa Monica beach shack.

And more continue to follow their lead. Last month, a brand-new Bel Air mansion sold for $15.3 million in what may have been an all-cash deal. The buyer is Peter Szulczewski, a newly-anointed tech billionaire who is co-founder and CEO of Wish, one of San Francisco’s hottest startups.

Spec-built by a local developer and completed earlier this year, the ultra-contemporary manse sits on a half-acre lot atop a steep ridge, looming directly above Rupert Murdoch’s $30 million vineyard estate. Included in the nearly 12,000 square feet of house is an attached “auto gallery” with space for five luxury vehicles. Though there isn’t much of a front yard, the walled, gated and camera-watched estate additionally features a wee motorcourt for off-street parking.

Guests to the residence will be awed by the all-glass entryway flanked on each side by monolithic slabs of gray stone that soar from the ground to above the home’s roofline. An almost comically massive front door pivots open to a double-height foyer replete with pale brown hardwood flooring, and the adjoining central great room opens to various other spaces — an eat-in kitchen with thickly-veined marble countertops, a formal dining area, and cushy movie theater. Naturally, the ultra-contemporary abode is outfitted with trendy Fleetwood glass sliders, effectively blurring the line between indoors and out in that quintessentially Southern California manner.

Five of the home’s seven bedrooms are located upstairs, with the later two presumably for live-in staff and/or errant houseguests. The master suite has a private sitting room and outdoor terrace lounge, along with the expected boutique-worthy closet and sunny bathroom. Other luxe property amenities include a gym, two wet bars, a 430-bottle wine closet, Control4 home automation, plus an indoor spa and steam room.

Sprawling patios provide numerous options for lounging, sunbathing, al fresco dining or event hosting. There’s also a perfectly rectangular patch of grass anchored by a waterfall feature. And, of course, there’s the fan-shaped infinity pool, with its inset spa, Baja shelf and swim-up bar — perfect for those who enjoy tipsy backstroking — and its jetliner views that extend to the Pacific Ocean and Catalina island on the horizon.

It’s worth noting that although the property is technically located in Bel Air, this is nowhere near the ultra-plum “lower Bel Air” neighborhood — home to Jay-Z and Beyonce, among numerous other billionaires — but rather in a far-flung western corner that’s geographically much closer to Brentwood.

Born and bred in Warsaw, Poland, Szulczewski immigrated to the U.S. by way of Canada. The former Google engineer co-founded Wish — which recently attracted $500 million in investment capital — in 2010 and remains the cut-price e-commerce platform’s largest shareholder, having reportedly turned down acquisition overtures from both Amazon and Alibaba.

Szulczewski compares Wish’s success to Trump’s presidential campaign, saying the firm became the world’s most downloaded e-commerce app by relying heavily on bargain-hunting users from Middle America, folks who constitute the majority of his customer base and are unable to afford the comparatively premium prices of competitors like Amazon Prime.

James Harris and David Parnes of The Agency jointly held the listing; Jon Grauman, also of The Agency, repped Szulczewski.

Popular on Variety

More Dirt

  • Eric Roth House Santa Monica

    'A Star Is Born' Writer Eric Roth Settles in Santa Monica

    A family-sized home in a particularly lovely and leafy part of Santa Monica recently transferred for $4.4 million, and the new owner is multi-time Academy Award nominee Eric Roth, the prolific writer whose screenplays for “Forrest Gump,” “The Insider,” “Munich,” “The Curious Case of Benjamin Button,” and “A Star Is Born,” respectively, have earned him [...]

  • Beverly Hills Realtor Accused of Stealing

    Beverly Hills Realtor Accused of Stealing From Usher, Adam Lambert

    A Beverly Hills real estate agent has been arrested on charges of stealing from the homes of celebrities, including Usher, Adam Lambert and “Real Housewives” star Dorit Kemsley. Jason Emil Yaselli, 32, is accused of encouraging an accomplice, Benjamin Ackerman, to enter homes during open houses in order to steal from them. Ackerman allegedly sold [...]

  • Vincent Gallo Trump Tower

    Vincent Gallo Buys Trump Tower Condo at Heavy Discount in All Cash Deal

    Vincent Gallo, one of Hollywood’s more enigmatic and eccentric if semi-retired ducks, a 2003 Palme de’Or nominee (“The Brown Bunny”) who hasn’t been seen on the silver screen in more than five years, has paid just under $1.5 million — in cash — for a one-bedroom and 1.5-bathroom condominium on a high floor of New [...]

  • Reid Scott House

    'Veep' Star Reid Scott Swings Into 1960s Studio City Home

    A 1960s, mid-century modern residence in a rustic, famously celeb-packed Studio City, Calif., neighborhood was recently sold for a smidgen more than $3.5 million and an always impeccably informed snitch swears the new owner is actor Reid Scott, best known for his dedicated portrayal of ambitious alpha male Dan Egan on the award-hoovering HBO political [...]

  • The Miz House Thousand Oaks

    WWE's The Miz Picks $6.4 Million Thousand Oaks Mansion

    A plus-sized manor house in the decidedly posh — if somewhat far-flung — Thousand Oaks, Calif., enclave of North Ranch Estates was “sold before processing” earlier this week, and the proud new owners are veteran reality TV and WWE Raw stars Mike “The Miz” Mizanin and his wife Maryse Mizanin, records reveal. The colorful couple, [...]

  • Thomas Laffont House Malibu

    Hedge Funder Thomas Laffont Scores $13 Million Malibu Ranch

    Less than a year after being ravaged by 2018’s Woolsey Fire, Malibu’s star-studded Point Dume neighborhood has seemingly made a full real estate market comeback. Witness this inconspicuous ranch-style home on one of the area’s best streets, tucked discreetly away behind gates and hedges. Despite any feigned or perceived modesty, the low-key property has traded [...]

  • Justin Roiland House

    Justin Roiland Scores Sherman Oaks Estate

    An estate in Los Angeles’San Fernando Valley neighborhood of Sherman Oaks, sold by high-powered music executive Zach Katz, was snapped up by a mysterious trust for a bit more than $3.7 million — and an always-in-the-know real estate snitch swears the new owner is 2018 Emmy winning “Rick and Morty” co-creator Justin Roiland. Tax records [...]

More From Our Brands

Access exclusive content