KEY POINTS

  • Brian Armstrong bought the Bel Air estate from a company linked to Japanese entrepreneur Hideki Tomita last month
  • The property has a 19,000-square-foot mansion and a 6,600-square-foot guest house
  • The main house is the only residential home designed by British architect John Pawson in Los Angeles

Brian Armstrong, CEO and co-founder of cryptocurrency trading platform Coinbase, is the latest cryptocurrency executive to purchase a luxury home in the country. 

Armstrong bought a $133 million estate in Bel Air in Los Angeles last month, The Wall Street Journal reported.

The sale was one of the most expensive residential real estate deals for a single-family house ever inked in Los Angeles, according to the outlet. 

It was behind only the $150 million Bel Air property bought in 2019 by British mass media heir Lachlan Murdoch, the $165 million estate Amazon founder Jeff Bezos bought in 2020 and the $177 million Malibu property acquired in October last year by tech billionaire Marc Andreessen.

Armstrong’s new property, formerly owned by the daughter of billionaire Charles Bronfman, spanned about 4.6 acres and had a 19,000-square-foot mansion and a 6,600-square-foot, five-bedroom guest house, according to a 2018 Wall Street Journal report. In total, 10 bedrooms and 13 bathrooms can be found on the property.

The main house, which looks like two cubes stacked on top of one another, is the only residential home in Los Angeles that was designed by British architect John Pawson, according to Dirt. It boasts five bedrooms, eight bathrooms, staff quarters and a children’s playroom.

A theater, spa and gym can also be found inside the mansion. The master suite has a windowed alcove and soaking tub overlooking a private courtyard with an outdoor shower, hot tub and firepit.

The smaller guest house was built in the 1930s by Paul R. Williams and has its own swimming pool and pool house.

Armstrong bought the Bel Air estate from a company linked to Japanese entrepreneur Hideki Tomita, according to records seen by Wall Street Journal. Tomita bought the property in 2018 for $85 million. 

A former Airbnb software engineer, Armstrong co-founded Coinbase in San Francisco in 2012 with former currency trader Fred Ehrsam.

The 38-year-old California native became one of the world’s richest people when Coinbase went public in April 2021, briefly reaching a market capitalization of $100 billion. Armstrong has a net worth of $9.6 billion as of Monday, according to Forbes.

Armstrong’s purchase comes just weeks after it was reported that cryptocurrency executive Jonathan Yantis, the co-founder of the non-fungible token blockchain Worldwide Asset eXchange, bought a 70-acre estate in Parker, a suburb of Denver in Douglas County, Colorado, for $12.5 million. 

Coinbase CEO Brian Armstrong. Photo: Anthony Harvey/Getty

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