The singing star has made several real estate investments, but has also gone on one smell in the real estate industry.
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The British singer Adele (37), whose real name is Adele Adkins, has built an impressive career over nearly 20 years.
She has released several best-selling albums and has a fortune of 220 million dollars – or just over 2.2 billion Norwegian kroner – according to Celebrity Net Worth.
Took out a mortgage of 400 million
Now the Daily Mail reports that the superstar, who in recent years has invested in several properties in fashionable Beverly Hills in LA, has sold one of these properties at a loss of millions.
According to the British tabloid newspaper, Adele bought the property from Nicole Richie (44) for ten million dollars in 2021, or just over NOK 100 million at today’s exchange rate. Hello! Magazine wrote in September 2022 that the “Hello” singer had put the house on the market for twelve million dollars, but now it turns out that it was never sold then.
During a concert in Las Vegas, Adele speaks out in a clarion call after fans have started to hurt artists by throwing things on stage. Video: Twitter. Reporter: Anabelle Bruun/Dagbladet TV
Heavily discounted
The Daily Mail writes that the singing star has now, over three years later, chosen to sell the property to his stylist instead. And that with a significant discount.
Jamie Mizrahi (37), who has also worked as a stylist for stars such as Jennifer Lawrence (35), Jeremy Allen White (34) and Pedro Pascal (50), is said to have been allowed to buy the property for «bare» 7.5 million dollars – that is 2.5 million less than what Adele herself shelled out in 2021. It is also 4.5 million dollars less than what the singer hoped to sell the house for in 2022.
Bought homes for 100 million
The loss of 2.5 million dollars amounts to a loss of approximately 9.2 million Norwegian kroner, based on historical exchange rates at the time of purchase and sale.
In August 2024, Adele revealed from the stage that she had become engaged to her boyfriend Rich Paul (45), and a short time later she declared that she was going to take a break from music and the limelight.
Back in May 2022, the star also revealed that she and her boyfriend had taken their relationship a step further: At the time, she shared a post on Instagram in which she and Rich Paul pose together in front of their new home.
according to Hello! Magazine was talked about «Rocky»-legend Sylvester Stallone’s (79) former luxury property in Beverly Hills, which Adele is said to have bought from Stallone for 58 million dollars.
