Ryan Seacrest Lost Some Pocket Change When He Sold His House
After two years on the market, Ryan Seacrest's Hollywood Hills home finally has a buyer. But because even celebrities aren't immune to real estate crashes, the media mogul wound up taking a million-dollar bath in the deal.
Seacrest bought the 10,000-square-foot manse from Kevin Costner in 2006, paying $11.5 million for its six bedrooms, six and a half bathrooms, gym, tennis court, screening room and partridge in a pear tree. The new buyer paid just $11 million, meaning that after sales commissions and such, Seacrest lost an estimated $1.1 million.
But before you break out your sad trombones, remember this: he just signed a two-year, $30 million deal with 'American Idol,' and he rakes in far more from lucrative endorsement deals, hosting gigs on radio and the E! channel, and the shows produced by his production company (this is the man who brought us 'Keeping Up With the Kardashians,' something you'd think worthy of a lifetime of bad karma).
And it's not like he has to downsize. The main reason he was selling his pad is because he bought Ellen DeGeneres' place in Beverly Hills -- which came with a price tag of $37.5 million.