Fanatics CEO Michael Rubin spends record $70 million on Ronald Reagan’s former home

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Fanatics CEO Michael Rubin spends record $70 million on Ronald Reagan’s former home
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Fanatics CEO Michael Rubin just set an all-time record in Hollywood Hills, paying $70 million for a property once owned by Ronald Reagan.

Hollywood Hills just saw its priciest home sale ever. In the Bird Streets, a property once owned by Ronald Reagan has traded hands for $70 million — by far the most ever paid for a home in the neighborhood.

Records show the seller is a limited liability company tied to Francesco Aquilini, a Canadian businessman and developer who serves as chairman of the Vancouver Canucks NHL team. Aquilini has been on a hot streak in Hollywood Hills over the last few years; he set the neighborhood’s previous price record in 2020 when he sold a spec mansion to Jeffrey Gou, film producer and heir to the Foxconn fortune, for $42.5 million.

Records show it holds seven bedrooms and 12 bathrooms across three stories. When the house last traded hands for $8.5 million in 2012, it featured a movie theater, library, wine cellar, tennis court and Balinese-inspired swimming pool.

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