When you’re a self-made billionaire and you’ve bought yourself a newly-built $141 million mega-mansion you’d hope to be able to live in it – especially when your next door neighbor is Jennifer Aniston.
That’s the awkward dilemma facing handsome fashion entrepreneur and college drop-out Richard Saghian, founder and CEO of apparel company Fashion Nova, who purchased the stunning estate which was originally to be listed for $500 million and billed as the most expensive home in the U.S.
Known flamboyantly as ‘The One,’ the 105,000-square-foot property in ultra-rarified Bel-Air is officially the largest dwelling in Los Angeles County – and arguably the most stunning trophy home in the country, if not the world.
The unique mansion is spread across four acres and boasts five swimming pools, a beauty salon, wellness spa, 10,000-square-foot sky deck, outdoor running track, movie theater, four-lane bowling alley, candy room and, of course, a nightclub.
There are 21 bedrooms and 42 full-size bathrooms – and seven half-bathrooms – to get lost in.
Work crews are frantically rebuilding Los Angeles County’s largest home, which cost $141 million, to make it habitable for it’s billionaire owner
Jennifer Aniston’s $21 million home (shown at far left) is located just 250 feet from the main entrance to ‘The One’ (far right) owned by fast fashion billionaire Richard Saghian
The modern design includes underground parking for 30 cars – only 30, mind you – and there’s a third-floor gym, hair salon, juice bar, 10,000 bottle wine cellar and cigar lounge.
But the head-spinning property – despite the eye-watering price – didn’t come with a required Certificate of Residency from Los Angeles County which means Saghaian, 43, is having to spend many millions more to be able to move in and place his toothbrush in one of his marble-covered bathrooms.
Shockingly, builders are currently engaged in a massive task – believed to be costing $20 million – which includes tearing down large sections of the the brand new home in order to make the palatial spread fully comply with building codes and so make it habitable for the owner.
Originally projected to take months, two years on and this week workmen are continuing to tackle the huge endeavor. An anxious looking contractor was also seen looking over plans while rubbing his brow. Fresh building permits have been filed with the city.
‘This is an incredible amount of work considering the home was only just built,’ an eyewitness told Daily Mail.
‘There are workers all over the place and mechanical diggers are moving large amounts of earth. It’s an incredible project.
‘It’s shocking that someone spent $140 million on a home – and then must fork out another $20 million so he can live there.’
Aniston’s home shown in the foreground with her billionaire neighbor’s at home top right
Richard Saghian, founder and CEO of apparel company Fashion Nova
Exclusive pictures show workers are completely remodeling the mansion that was purchased new at auction for $141 million
‘The One’ boasts five swimming pools, a beauty salon, wellness spa, 10,000-square-foot sky deck, outdoor running track, movie theater, four-lane bowling alley, candy room and, of course, nightclub
Real estate developer Nile Niami originally purchased the parcel of land in 2012 for $28 million which has now been partially torn down
The brand new property shown at dusk before the start of a massive $20 million refurbishment
The stunning home has underground parking for 30 cars. There’s also a third-floor gym, hair salon, juice bar, 10,000 bottle wine cellar and cigar lounge
One of the property’s five pools
‘The One’ cost 338 times the average American home
The incredible newly completed property is show here before it was sold to present owner Richard Saghian and the extensive $20 million remodel began
Real estate developer Nile Niami originally purchased the parcel of land in 2012 for $28 million.
The modern design took a decade to construct, with an army of 600 workers, but the venture eventually became mired in controversy when Niami – a master of self-promotion and hype – was forced to file for bankruptcy in October 2021 amid soaring construction costs and crippling debt.
Hopes of selling the home for a cool $500 million proved to be unrealistic. It was listed for $340 million in 2021 then put on the auction block for $295 million
The property was eventually auctioned in March 2022. With 12 per cent auction fee, the final purchase price was bumped up to $141 million – a legitimate steal based on earlier price listings over the years.
The final sale price equates to 338 times the cost of the average American home, which is $416,000.
According to Forbes latest estimate, Saghian is personally worth $2.1 billion and his fast fashion company generates $2 billion in annual sales.
He dropped out of California State University Northridge before founding his empire.
In 2018, Fashion Nova was the most googled fashion brand, beating out luxury brands like Louis Vuitton, Versace and Gucci.
The One is just, well, one of several multi-million dollar homes owned by Saghian in the LA area.
In 2021, he was attacked by armed robbers in ski masks outside his Hollywood Hills home – an event which left one person dead and four injured, including a security guard who was left in critical condition.
The terrifying incident occurred outside his home on Blue Jay Way and resulted in a blaze of gunfire. One of the robbers died in a car in Beverly Hills following a chase by police.
Coincidentally, Aniston. 56. lived on Blue Jay Way at the height of her worldwide Friends fame.
Saghian’s newest property, no doubt, will require round-the-clock security – especially with Aniston having recently suffered he own traumatic ordeal when she was targeted by an alleged stalker who rammed into the gate at her $21 million home located just 200 feet down the hill.
Jennifer Aniston’s alleged stalker Jimmy Carwyle was deemed unfit to stand trial – but he has requested a second opinion (pictured: Aniston at the 2024 Emmy Awards)
Carwyle’s estranged wife told Daily Mail he believes himself to be Jesus Christ and Aniston is his ‘queen.’
Jimmy Carwyle, 48, was arrested on May 5 after driving his vehicle into the property.
His estranged wife previously told Daily Mail that Carwyle believes himself to be Jesus Christ and Aniston is his ‘queen.’
An LA a mental health court heard on May 22 that his is unfit to stand trial but a public defender said his client has requested a second opinion.
Carwyle, from Mississippi, was evaluated by psychiatrist Dr. Phani Tumu who deemed him unfit to take part in a trial.
‘Dr. Tumu is of the opinion that my client is client is currently incompetent to stand trial,’ public defender Robert Krauss told the court.
‘After speaking with my client he is requesting a second opinion as is his right.’
The defendant stood silent facing out into the court from inside a glassed-walled security booth, wearing what appeared to be a vest designed to prevent self harming.
Prosecutors say Carwyle, who has pled not guilty, ‘repeatedly’ harassed Aniston between March 1, 2023 to May 5, 2025, sending her ‘unwanted social media, voicemail, and email messages.’
Blair Berk, Aniston’s acclaimed attorney who has repped a scores of Hollywood stars including Britney Spears and Mel Gibson, was also in court but did not speak during the proceedings.
Dr. Kory Knack, another independent psychiatric evaluator, will be meeting with Carwyle to prepare a second opinion report to determine Carwyle’s competency.
A follow-up hearing with Carwyle is scheduled for May 29. He is currently detained at the notorious Twin Towers Correctional Facility in LA.
The latest developments come after Carwyle’s estranged wife, Julia Carwyle, 48, spoke out about her spouse’s frightening dark side.
She told Daily Mail exclusively: ‘He’s put me through literal hell. It took a toll on me for the past four years in every aspect – it’s not been good.
An aerial view of Aniston’s Bel-Air home. Carwyle allegedly crashed into the front gates while the actress was there
Aniston working out in her home gym
‘I’ve got a restraining order on him since we split up. He’s been stalking me the same way [as Aniston] and he’s not a very good person.’
She said she was unaware of her husband’s apparent obsession with the beloved TV and movie star.
The couple did not watch a lot of television while living together, and Aniston didn’t come up in conversation, she said.
‘Jimmy had a secret life I knew nothing about,’ said Julia. ‘We never even watched her. The whole time we’ve been together he never went on about her.’
Prosecutors say Carwyle (pictured) ‘repeatedly’ harassed Aniston between March 1, 2023 to May 5, 2025, sending her ‘unwanted social media, voicemail, and email messages’
She previously told Daily Mail she last saw her husband in September on the day he headed off on his latest California odyssey in an attempt to meet with Aniston, who was inside her home at the time he crashed into the property, although the two did not come face to face.
‘He went to California six months ago,’ said Julia.
‘He left in September and went and I haven’t seen him since he left. He was leaving that day to go.
‘He was going there because he was going to meet up with Jennifer. He was going to go see her.
‘He actually thought he was going to meet Jennifer. I guess he was speaking with her. He had the impression that Jennifer Aniston and he were going to talk and meet.
‘So naturally he’s doing what anybody would do – he went across the country.’
Julia said Carwyle had made three separate trips to California to meet up with the actress.
‘He thought “Maybe she’s just going to meet a guy… to take a chance,”’ she added. ‘That’s the way he was thinking.’
Carwyle pled not guilty to felony stalking and vandalism charges at a May 8 hearing, when the judge paused further proceedings until the accused stalker was evaluated.
Even though he remains in jail, a judge issued a no-contact order between Carwyle and Aniston.
If convicted, Carwyle faces up to three years in prison. But if he is found incompetent again, he could be ordered to a state mental hospital for treatment.
