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Tom Cruise finally sells Beverly Hills home – after slashing the price – AOL Money UK

Posted by on May 18, 2016


Tom Cruise knows your pain if you have ever struggled to sell a property. His Beverley Hills mansion has finally sold – to private equity billionaire Leon Black – after he was forced to cut the asking price.

TMZ reported that the sale netted him $40 million – well short of his original asking price of $45 million – although still a decent profit, because according to Variety he paid $30.5 million for it in 2007.

For his $40 million, Black gets an incredible home with seven b… (View original article)

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