Billionaire financier Leon Black, the former Apollo Global Management CEO, has sold his Beverly Hills home for roughly $47 million in an off-market deal, the Wall Street Journal reported.
The identity of the new owner isn’t known. Black and his wife, Debra, purchased the property at 1111 Calle Vista Drive via a limited liability company for $38 million from the actor Tom Cruise in 2016.
The Blacks chose to sell because they were hardly ever there, according to the Journal.
“They had two adult children who were living and working in LA for a period of time, but both have returned to New York and so the house was no longer of need,” a representative told the outlet.
Because the home was never publicly listed, specific details of its features are unknown.
Black’s sale of 1111 Calle Vista Drive comes as he’s being investigated for his dealings with the convicted pedophile Jeffrey Epstein. Earlier in March, the House Oversight Committee investigating the trove of Epstein files asked Black to appear for testimony on his ties to the deceased sicko, to which he agreed.
Black, who resigned from Apollo in 2021, faced previous probes by the Senate Finance Committee and the US Virgin Islands — where Epstein’s Little Saint James Island is located — over his relationship with Epstein. While there was no evidence Black had any involvement in Epstein’s sickening criminal activities, a review by the law firm Dechert — one hired by Apollo — revealed he paid Epstein $158 million for services.
Previously, Black said he paid Epstein for tax and estate planning work. Black also said he was unaware of his criminal doings — and voiced his regrets over the ties.