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  2. Luxury brands build demand. Associates build loyalty
  3. Richemont sales up 20pc to $7.1B for Q1 2026, buoyed by growth across lines and regions
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Real estate

Celebrities’ 2023 profit rake attests to allure, resilience of US luxury property market: study

December 28, 2023

In February, Boston-born actor Mark Wahlberg sold his 30,500-square-foot mega mansion in Beverley Park in Southern California for $55 million. Despite its initial listing at $87.5 million the previous year, he experienced a 37 percent reduction in the asking price. Having bought the property in 2009 and expanded, he still made a profit of $46.7 million on the transaction. Image: copyright Anthony Barcelo, Westside Estate Agency, Compass In February, Boston-born actor Mark Wahlberg sold his 30,500-square-foot mega mansion in Beverley Park in Southern California for $55 million. Despite its initial listing at $87.5 million the previous year, he experienced a 37 percent reduction in the asking price. Having bought the property in 2009 and expanded, he still made a profit of $46.7 million on the transaction. Image: copyright Anthony Barcelo, Westside Estate Agency, Compass

 

By Luxury Marketer Intelligence

Actor Mark Wahlberg emerged as the top earner among celebrities in U.S. real estate profits of 2023, securing an impressive $46.7 million.

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