Even super agent Ari Emanuel loses sometimes.
Emanuel, who runs Endeavor, the parent company of Hollywood talent agency WME and half of Ultimate Fighting Championship, reportedly took a $5 million hit on the sale of his LA mansion.
The 4,330-square-foot property — located in LA’s tony Brentwood neighborhood where A-listers like Gwyneth Paltrow and Trent Reznor reside — sold for $6.5 million, according to Variety, citing property records.
The unidentified buyer, shielded behind a blind trust, made an off-market, all-cash deal, for the home in mid-May. Unfortunately for Emanuel, that deal is $5 million less than the $11.5 million he paid under two years ago, in July 2018.
A rep for Emanuel did not comment.
The property, located near the mouth of the bucolic Mandeville Canyon area, includes a 5-bedroom, 6 bathroom house built in 1976 that sits on a half-acre estate replete with a pill-shaped swimming pool, and landscaped lawns.
Initially, Emanuel purchased the property because it sat next to his main residence, a sprawling 5,700-square-foot modern home, that he planned to combine into a large estate. But he never completed the project, and he sold the larger house last year for $19.4 million to hedge fund tycoon David G. Brown.
The sale of the smaller house comes as Emanuel’s Endeavor, which represents the likes of Oprah Winfrey, Mark Wahlberg and Charlize Theron, has been crushed by the impact of the pandemic.
In recent weeks, Endeavor furloughed or slashed the pay of 2,500 employees, while cutting 300 jobs at WME. Emanuel sacrificed his own salary for the rest of the year, as the company looks to raise $250 million by June, according to an exclusive report by The Post exclusively. Endeavor’s scramble for cash comes less than a year after the firm yanked its initial public offering last fall due to slumping demand.
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