David Vance

Monero

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A mansion in Los Angeles built by the late Lakers basketball Wilt Chamberlain has reportedly been sold to ShapeShift CEO Erik Voorhees for $9.7 million. 
A Los Angeles-based mansion once owned by basketball player Wilt Chamberlain has found a new buyer in <a href="https://crypto.news/tag/shapeshift/" target="_blank" rel="noreferrer noopener">ShapeShift</a> CEO Erik Voorhees, who bought the estate for $9.7 million, Robb Report <a href="https://robbreport.com/shelter/celebrity-homes/wilt-chamberlain-house-los-angeles-1235520108/" target="_blank" rel="noopener">has learned</a>. While the figure falls short of the initial asking price of nearly $19 million, it still represents a significant profit for the previous owner, Dmitri Novikov, who previously acquired the property for $6.7 million in 2008, the report notes. 
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 <img loading="lazy" decoding="async" width="1024" height="656" src="https://crypto.news/app/uploads/2024/02/hdfliughiudf-1024x656.png" alt="ShapeShift CEO reportedly spent nearly $10m on custom-built mansion in Los Angeles - 22" class="wp-image-14251823">
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 A five-story great room in Ursa Major | Source: Robb Report
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 You might also like: <a href="https://crypto.news/shapeshift-exchange-delisting-monero-privacy-coins/"> ShapeShift exchange “de-risking” by delisting Monero and privacy coins </a> 
The residence, constructed over five decades ago, is situated atop a gated, 2.5-acre hillside parcel in Bel Air, a ritzy residential enclave popular with celebrities and entertainment industry elite. Designed by architect David Tenneson Rich, the property, known as “Ursa Major,” underwent a significant remodel in 2008 under Novikov’s ownership, which included updates to the kitchen and lower level. 
The grand entrance, marked by a stone walkway over a water feature, leads to a soaring great room, which features a 40-foot cathedral ceiling and a sunken conversation pit warmed by a fireplace. The property also features a gourmet kitchen with high-end appliances and a floating staircase leading to the master retreat on the second floor, the report says. 
Voorhees, whose net worth was estimated at $30 million in August 2023 according to <a href="https://bitkan.com/learn/erik-voorhees-the-estimated-net-worth-of-the-founder-and-ceo-of-shapeshift-18901" target="_blank" rel="noreferrer noopener">data</a> from Bitkan, joins a growing list of crypto entrepreneurs investing in Bel Air real estate, following a series of both rallies and busts in the crypto market. For instance, Coinbase CEO Brian Armstrong also <a href="https://www.wsj.com/articles/crypto-ceo-brian-armstrong-buys-los-angeles-home-for-133-million-11641249787" target="_blank" rel="noreferrer noopener">reportedly purchased</a> a $133 million Los Angeles mansion in January 2022. 
 Read more: <a href="https://crypto.news/shapeshift-dao-launches-decentralized-mobile-app/"> ShapeShift DAO Launches Decentralized Mobile App </a>

ShapeShift CEO reportedly spent nearly $10m on custom-built mansion in Los Angeles

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