Paul Merage, the billionaire inventor of Hot Pockets, has put his Mediterranean-style mansion on the market for $40 million. Located in Newport Beach, this expansive 11,000-square-foot home offers breathtaking views of the Pacific Ocean and features six bedrooms, ten bathrooms, an underground wine cellar, a gym, and an outdoor infinity pool. Built in 2001, the property boasts luxurious amenities including a wraparound balcony in the primary suite. As a notable entrepreneur and philanthropist, Merage's successful journey from frozen food pioneer to prominent investor continues to impact the community.
Paul Merage, known for creating Hot Pockets, has listed his luxurious Newport Beach mansion for $40 million, featuring ocean views and lavish amenities.
The Mediterranean-style home offers expansive living spaces, an underground level with a gym, spa, and wine cellar, and is set within a gated community.
Established in 1998, the property has been owned by Merage and highlights his successful journey from founder of Chef America to billionaire investor.
Merage, who sold his frozen-food company to Nestle for $2.6 billion in 2001, has an entrepreneurial legacy underscored by significant charitable contributions.
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