Peter Thiel purchased the Bel-Air estate known as Casa Encantada for 130 million dollars.

The Casa Encantada estate, a 40,000-square-foot mansion in the Bel-Air neighborhood of Los Angeles, was sold for 130 million dollars following a period of financial distress. The property, previously owned by the late financier Gary Winnick, became the subject of a foreclosure dispute after entities linked to the estate defaulted on loans exceeding 150 million dollars.businessinsider.combusinessinsider.comCasa Encantada Bel Air Mansion Owner Karen Winnick Cut Price 2024 11It was previously owned by the late financier Gary Winnick and his wife, Karen Winnickababnews.comababnews.comAbabnews ReportFollowing Gary Winnick's death in 2023, the property became the subject of a foreclosure dispute after entities tied to him defaulted on more than $150 million in loans Previous Listings: Before the foreclosure auction, the estate had been... The purchase of the estate was completed through a limited liability company, keeping the buyer's identity private for several months.

In late September 2026, reports from the Los Angeles Times and other financial outlets confirmed that Palantir co-founder and venture capitalist Peter Thiel was the individual behind the transaction.timesofindia.indiatimes.comtimesofindia.indiatimes.comPeter Thiel quietly bought Los Angeles’ 40,000-sq-ft Casa Encantada for $130...Multiple authoritative sources, including The Wall Street Journal and the Los Angeles Times, reported in late September 2026 that the billionaire investor and co-founder of PayPal and Palantir Technologies was the buyer behind the purchase...therealdeal.comtherealdeal.comPeter Thiel Emerges As Casa Encantada Buyer5 acres in Bel-Air It was previously owned by the late financier Gary Winnick and his wife, Karen Winnick Following Gary Winnick's death in 2023, the property became the subject of a foreclosure dispute after entities tied to him defaulted... The sale price of 130 million dollars followed an earlier, unsuccessful attempt to list the massive property on the luxury market for as much as 250 million dollars.+2 more