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Uber Co-Founder Pays All-Time High Price for $72.5 Million Beverly Hills Estate

Garrett Camp House
location: Beverly Hills, Calif.
price: $72.5 million

Last week, the stock price of ridesharing mega-app Uber finally closed above the $45 IPO level set back in May, marking a healthy resurgence from the 17% drop posted shortly after the stock’s public debut.

Perhaps it’s just coincidence, but real estate-obsessed Garrett Camp — the multibillionaire tech tycoon who founded Expa and co-founded Uber with the more famous (and more controversial) Travis Kalanick — has seemingly celebrated this stock rebound with his biggest residential splurge to date. And it all went down in the 90210, within the almost impossibly fashionable lower Trousdale Estates neighborhood.

Records reveal that Camp and his longtime partner Eliza Nguyen have ponied up a record-breaking $72.5 million for a brand-new estate. The sale price ranks as the most ever paid for a home in Beverly Hills, handily eclipsing the $70 million that Minecraft creator Markus Persson spent just up the road, a record that had stood since 2014.

Though the new Nguyen-Camp compound was never publicly listed for sale, making available photographs scant at best, the residence had been quietly marketed at $80 million by luxury real estate broker The Agency. Back in April, Rolls Royce Beverly Hills hosted a lavish marketing event at the property, providing a select few monied individuals with a brief glimpse of the home and grounds.

The ultra-contemporary structure sits on a rare street-to-street lot that spans over an acre of land, allowing for a discreet “hidden” entrance to a semi-subterranean car gallery of sorts. Above that is a broad lawn and an expansive zero-edge pool with a Baja shelf for watery sunbathing. Spaces within the main home are best described as celestial and monolithic, with a vaguely Bali-influenced twist. Last sold in 2014 for $13.7 million, the Trousdale property was developed by Mexican investor Mauricio Oberfeld and his construction company Dugally Oberfeld, the same outfit that recently flipped a Malibu megamansion for $70 million to a woman from Hong Kong.

In addition to their new Beverly Hills mega-home, Camp and Nguyen preside over a hefty portfolio of other luxury properties. In L.A., the couple also own two lavish contemporary houses (purchased for a total of $15.6 million) set just above the iconic Sunset Strip. They’ve also got a $3 million penthouse and an $8.5 million Beaux Arts-style mansion up in San Francisco, plus an $8.25 million penthouse in Manhattan’s trendy SoHo neighborhood. And circumstantial evidence also tenuously links them to a mysterious entity that — back in March 2019 — very quietly paid $26.5 million for a historic mansion in San Francisco’s searingly expensive Presidio Heights neighborhood.

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CategoriesTech
  1. Pay your drivers. says:

    So what. Who cares. More garish ostentatious frivolity.
    Like the weirdo kattrashoans driving around in those obnoxious cars trying to be something.

  2. Try again. says:

    The company is losing bigtime money,
    the drivers are cheated,
    And this is what he thinks is a success.
    Hahahaha.

  3. JMK says:

    “Perhaps it’s just coincidence”

    It’s definitely a coincidence. Camp couldn’t sell his shares now even if he wanted to do so; there’s an SEC-mandated lockup period for all share sales by company executives (current and former) for the first six months after an IPO.

    The far more likely explanation is that Camp sold his shares long ago on one of the somewhat hush-hush secondary markets for them, well before Uber went public. It’s entirely possible his stake was acquired in part or in whole by one of Uber’s later-round investors, e.g. SoftBank.

  4. Mark Mack says:

    Very nice digs. To what end? Life would have been less enjoyable or fulfilling in a $10 million fixer-upper? At that point, exactly what is the cost of bragging rights?
    Uber drivers are stressed. Some don’t make enough money for the time put in. Quality of life is a real issue. Oh, but now we see where some of their money went. Skyrocketing up, not trickling down, that’s for sure.
    The U.S. needs a new business model. It may not include the casual compensation of execs who can pay more for what amounts to a palace than 50 of their modestly salaried or waged employees struggle to make over 30 years of their working lives. The next time I read an article about Uber drivers getting shorted or screwed, I’ll think of that zero edge pool,

  5. George says:

    As a loyal Uber driver for the past 6 years I’d like to take the time to congratulate mr camp and let him know I drive for 50-60 hours a week I have minus $200 in my bank account and very little food or gas to get me to the next day the rich get richer and the working stiff gets the shaft.

  6. Heywood Jablowme says:

    Perhaps those who disdain the luxury of the rich while decrying the poor working conditions of the drivers would do well to mimic those who are successful and then share their wealth with those less fortunate?
    Otherwise, kindly do your job or find other, more well-paying work. Nobody is forcing you to subsidize the lives of the successful.

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