Originally built in 1976, the 6,600 sq. There’s also a lighted tennis court and a pool/spa combo surrounded by a large spa, while the sizable motorcourt can accommodate two dozen luxury automobiles. Ruan sold Honey to PayPal for $4 billion in cash making it the biggest tech acquisition in Los Angeles history.

To most millennials and Gen Z-ers, however, Honey remains likely best-known for its prominent YouTube presence — the firm frequently sponsors the videos of mega-successful YouTubers, most notably Shane Dawson, David Dobrik and various members of Dobrik’s so-called Vlog Squad. The Ruans are upgrading to Bel Air from their modest $3 million home in the Silicon Beach area of the Playa Vista neighborhood. Mansion. Low-profile tech entrepreneur George Ruan became an overnight billionaire earlier this year when Honey, the electronic coupon-clipping browser extension he co-founded with Ryan Hudson in 2012, was sold to PayPal for $4 billion in cash. Sally Forster Jones and Tomer Fridman of Compass held the off-market listing. Long owned by Emmy-winning comedic actor Harvey Korman, the mansion was formerly used to host lavish events where frequent attendees included Carol Burnett and Tim Conway. Records show they paid $3 million for that far more modest — if still pricey — house about three years ago. That unprecedented mega-deal ranks as the biggest tech acquisition in Los Angeles history, easily eclipsing the $2 billion that Facebook paid for Oculus VR back in 2014. As his proverbial cup runneth over with cash, Honey’s newly-minted tech tycoon has sought investment shelter in L.A.’s trusty luxury real estate market. The contemporary features angular architecture, tons of glass and an open-concept floor plan. Nice as those features are, it seems obvious Ruan acquired the Korman estate not for the house itself but rather for its valuable land, which directly adjoins his mansion at the end of a hidden cul-de-sac in the upper Bel Air neighborhood. Since the deal was consummated off-market and the property was never publicly available for sale, exact specifications and photos of the new structure are few and far between.

Honey cofounder George Ruan just made a major purchase after selling the company, which he cofounded in 2012. Kaley Cuoco Finally Sells Tarzana Home for Nearly Half of Asking! Honey provides its clients with sweet deals on a wide variety of eCommerce websites, and the company sports approximately 17 million monthly users. msn back to msn home money. As was first reported by the Wall Street Journal, Ruan and his longtime wife have paid exactly $60 million — in cash — for a brand-new Bel Air estate that’s still unfinished and under construction. The house will have three full floors including a partially subterranean level that runs underneath the infinity pool in the backyard. All Rights reserved. Get the latest scoop directly in your inbox. The new acquisition beefs up his $78 million compound to total 3.5 acres of prime L.A. hillside, with jetliner views from the Century City skyline across to the Pacific Ocean and Catalina Island on the horizon. Tech entrepreneur, George Ruan became a sudden billionaire earlier this year when he sold his company Honey, the electronic coupon-clipping browser extension he co-founded in 2012.

It’s been only four months since tech entrepreneur George Ruan, the co-founder and primary force behind electronic coupon-clipping browser extension Honey, and his wife paid $60 million for an unfinished Bel Air estate with 21,000 square feet of living space and 1.2 acres of land. Now, Ruan is dropping major cash on a significant mansion in L.A.'s chic Bel Air neighborhood. The property is located in upper Bel Air, just a bit up the road from Nile Niami’s still-unfinished $500 million The One compound, and was developed as part of the Viewpoint Collection, an impressive portfolio of new luxury residences built and sold as part of the ongoing Woodbridge settlement proceedings.

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