Los Angeles, California – American socialite, entrepreneur, and media personality Paris Hilton has reportedly completed the acquisition of a sprawling estate in the exclusive Beverly Park enclave for US$63 million. The high-value transaction comes in the wake of a significant personal loss for Hilton: her residence in Malibu was recently destroyed in the Los Angeles wildfires.
According to reports, the seller of the luxurious Beverly Park property was a firm understood to be controlled by the wife of Chinese billionaire Xu Hang. The transfer of ownership marks a significant move for Hilton and her family as they navigate finding a new primary residence after the devastating impact of the natural disaster.
The Beverly Park Estate: Scale and Amenities
The newly purchased property represents a substantial upgrade in scale and amenities. The estate is remarkably extensive, covering a vast 30,500 square feet, equivalent to approximately 2,834 square meters. This expansive footprint accommodates an impressive 12 bedrooms and a considerable 20 bathrooms, indicative of the property’s grand design and capacity for hosting or large family living.
Beyond the main residence’s sheer size and numerous rooms, the estate boasts exceptional recreational facilities. Among its notable amenities is a private five-hole golf course, offering a rare luxury for golf enthusiasts and providing a significant leisure opportunity on the property grounds.
Context: Loss of the Malibu Home
The acquisition of the Beverly Park mansion is underscored by the unfortunate circumstances surrounding the loss of Hilton’s previous home in Malibu. The residence, which held deep personal significance for Hilton, was among the properties consumed by the recent Los Angeles wildfires. Wildfires have become an increasingly frequent and destructive threat in the region, posing significant risks to properties and communities.
Hilton had publicly expressed her profound attachment to the Malibu residence, describing it as the place where her son, Phoenix, had taken his first steps. It was also the home where she and her husband, author and venture capitalist Carter Reum, had reportedly envisioned raising their daughter, London, and creating lasting family memories.
The destruction of the Malibu property highlights the broader impact of natural disasters on individuals, even those with significant resources, forcing difficult transitions and relocations.
The Seller: Link to Chinese Billionaire Xu Hang
The sale of the Beverly Park property by a firm controlled by the wife of Chinese billionaire Xu Hang adds another layer to the transaction. Mr. Xu Hang, aged 63, is a prominent figure in the business world, known globally as the co-founder of Shenzhen Mindray Bio-Medical Electronics. Mindray is a leading developer, manufacturer, and marketer of medical devices.
In addition to his role at Mindray, Xu Hang is also recognized as the owner of Parkland Group, a diversified company with interests in various sectors. The sale of such a significant asset by a party linked to a figure of Xu Hang’s stature underscores the high level of wealth and international connections often associated with properties in enclaves like Beverly Park.
Paris Hilton: Career Spanning Media and Business
Paris Hilton’s public profile extends far beyond real estate transactions. Her career, which began gaining significant traction in the early 2000s, spans multiple fields within media, entertainment, and business. She first rose to prominence through reality television, notably the series “The Simple Life.”
Her portfolio has since expanded to include documentaries, demonstrating a willingness to engage with more structured narrative formats. Hilton has also ventured into the music industry, releasing recordings and performing. Furthermore, she has authored books, hosted podcasts, and pursued acting roles in films, including appearances in features such as “House of Wax” and “Repo! The Genetic Opera.”
This diverse career path reflects her evolution from a socialite figure to a multifaceted media mogul and entrepreneur, leveraging her fame across various platforms and ventures.
Family Life and Personal Milestones
In her personal life, Paris Hilton married Carter Reum in 2021. Reum is known for his work as an author and venture capitalist. The couple has since welcomed two children, a son named Phoenix and a daughter named London. Both children were born via surrogacy, a path to parenthood that has become increasingly common for individuals and couples.
The establishment of a family has been a publicly documented aspect of Hilton’s life in recent years, with the birth of her children marking significant personal milestones. The move to the Beverly Park estate provides a new setting for their family life following the unexpected displacement from their Malibu home.
The acquisition of the US$63 million Beverly Park estate signifies a new chapter for Paris Hilton and her family, offering a grand and secure residence as they rebuild following the loss of their Malibu home to wildfires and continue to grow their family.
