Less than a year ago, San Francisco-based philanthropist Stacey Frost forked out $25.1 million for an elephantine Brentwood mansion. Now records reveal she’s already done it again — the former wife of low-profile billionaire Andrew Frost has paid another $25 million for a sumptuous house in the Riviera area of L.A.’s Pacific Palisades neighborhood, this one sold by Michelle Pfeiffer and her longtime producer husband David E. Kelley (“Big Little Lies,” “Ally McBeal,” “Boston Legal,” “The Practice”).
It’s actually not surprising that Frost would be on an L.A. property spending spree, as she appears to be permanently relocating here from the Bay Area. Just last month, the Urban Re:Vision sustainability endeavor founder sold her longtime San Francisco mansion for exactly $29 million — more than double what she paid for the place nine years ago — to private equity guru Josh Cohen. And back in 2016, she sold another San Francisco mansion, this one a majestic ocean-view Beaux Arts villa, for $17.8 million to Salesforce billionaire Marc Benioff.
Frost, 55, shares two children with her former husband, a Wall Street trader who cofounded Susquehanna International Group in 1987. Previously described by the Wall Street Journal as “highly secretive,” Susquehanna steadfastly shuns any sort of publicity, rendering the company largely unknown to the public. But that began to change last year, when it was first revealed that Frost and his firm have quietly become the largest outside investors in ByteDance, owning 15% of the Chinese conglomerate that owns TikTok. Acquired way back in 2012 for millions, that TikTok stake is worth north of $30 billion today.
Built new in 2019, Pfeiffer and Kelley acquired their Palisades house in early 2020 for $22.3 million. Sited on a ridgeline rim of the Riviera neighborhood, with views over the exclusive Riviera Country Club, the property has more than 10,300 square feet of living space, with seven bedrooms and 10.5 baths.