For more than a year now, Bruce Karsh has been trying to unload his three-acre 90210 spread with no takers. Located in the mountains above Beverly Hills, in the Benedict Canyon area, the 1930s English Tudor-style estate took a brief absence from the open market but has now returned. The billionaire investor and his attorney/architectural designer wife Martha are asking a substantially reduced $50 million for the place, a whopping $10 million less than the original list price.
If the Karshes do get anywhere near their still-hefty ask, it’ll be loads more than the $12 million the couple paid late French composer/conductor Maurice Jarre (“Lawrence of Arabia,” “Doctor Zhivago”) for the place way back in 2000. During their tenure, however, the couple did complete a seven-year restoration of the property, which included all-new landscaping by Christine London and distinctly traditional interiors by Obama White House designer Michael S. Smith.
Bruce Karsh, 65, is best known for co-founding Oaktree Capital Management in 1995 with Howard Marks. He currently serves as co-chairman and chief investment officer of Oaktree, which was acquired by Brookfield Asset Management in 2019. And with a net worth that tops $2 billion, he leads the firm’s distressed debt practice, which reportedly had over $33.5 billion in assets under management as of June. Martha Karsh helms the architect firm Clark & Karsh; together, the couple has doled out almost $300 million via their family foundation since it was formed in 1998.
Tucked away behind a lengthy gated and tree-lined driveway, minutes from Sunset Boulevard, the Beverly Hills spread includes an 8,700-square-foot main home, plus a swanky 5,700-square-foot tennis pavilion/entertainment building decked out with a movie theater, billiards room, recording studio, golf simulator, office and lounge with a wet bar.