Uber's Garrett Camp Sets Record For Highest Price Paid For His New Beverly Hills Compound

By on July 12, 2019 in ArticlesBillionaire News

Recently, Uber's stock started to surge back above the $45 IPO price the ride sharing app debuted at, back in May. That's good news for Garrett Camp, one of the co-founders of Uber. The stock had fallen off by 17% after its IPO. Camp and his longtime partner Eliza Nguyen celebrated that benchmark by plunking down the most amount of money they've spent to date on their vast real estate portfolio. It was also the most money ever spent for a home in Beverly Hills. The couple spent $72.5 million for an estate in the 90210's trendy lower Trousdale Estates neighborhood.

That's more than the previous $70 million record set in 2014 by Minecraft creator Markus Persson – whose home is just up the road from Camp's. The Camp-Nguyen's new home was never listed for sale publicly, but had been quietly marketed for $80 million by luxury real estate broker The Agency.

Photo via JD Lasica/Wikimedia Commons

The home is uber contemporary (pun intended) and sits on an enormous lot for the neighborhood. The more than acre of land allows the homeowners to have a hidden semi-subterranean entrance to a fancy garage. Above that is a large lawn with an infinity pool and plenty of space for working on that California tan. The house was last sold for $13.7 million in 2014. That's a jump of $58.8 million in just five years. The home was developed by investor Mauricio Oberfeld and his construction company, Dugally Oberfeld, which recently flipped a Malibu mansion for $70 million to a buyer from Hong Kong.

This is far from being Camp and Nguyen's only property. It isn't even their only property in Los Angeles. They also own two luxury contemporary houses above the Sunset Strip purchased for $15.6 million. The couple also owns a $3 million penthouse and $8.5 million Beaux Arts style mansion in San Francisco as well as an $8.25 million penthouse in New York City's SoHo neighborhood. They are also rumored to own an historic mansion in the insanely expensive San Francisco neighborhood of Presidio Heights. The couple is believed to have dropped $26.5 million for this home in March.

Garrett Camp has a net worth of $3.4 billion. There's no word on whether this newest, and priciest, home will be Camp and Nguyen's primary residence.