"The longtime Bel-Air home of former president Ronald Reagan and his wife, Nancy, has sold for $15 million in an off-market deal. The buyer is Jerry Perenchio, the billionaire businessman and former chairman of Univision, according to records obtained by The Times."
"Early in his career, Perenchio, 85, was a talent agent at Music Corp. of America and represented Reagan and Marlon Brando, among others. He eventually went into filmmaking, partnering with Norman Lear and Bud Yorkin at Tandem Productions."
"In the early 1990s, Perenchio and two partners bought the Spanish-language media network Univision from Hallmark for $550 million, eventually selling the conglomerate in 2007 for more than $12 billion."
The longtime Bel-Air residence of former President Ronald Reagan and Nancy Reagan has been sold for $15 million in an off-market transaction to Jerry Perenchio, a billionaire businessman and former Univision chairman. Originally purchased by a group of friends for the Reagans in 1986 for $2.5 million, the property was eventually transferred to a trust in their name in 1989. The approximately 7,200-square-foot estate sits on 1.29 acres and features 17 rooms, three bedrooms, and six bathrooms across two floors, along with landscaped grounds, lawns, and a swimming pool. Perenchio, 85, has connections to Reagan dating back to his early career as a talent agent at Music Corp. of America. He has served on the Ronald Reagan Presidential Foundation board since 2000 and owns multiple adjacent properties in the prestigious Bel-Air neighborhood.
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