Gordon Getty and Michael Dell are among the billionaires trying to sell luxury properties in the US. It can take a long time for extremely expensive or unique homes to find buyers. Media mogul Rupert Murdoch has slashed the price of his NYC penthouse in half to attract a buyer.
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You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Advertisement Home sellers are struggling at the moment — and that can include uberwealthy ones trying to sell off multimillion-dollar mansions . Homebuyers are wary of going through with purchases thanks to a mix of expensive house prices and economic uncertainty, according to a recent Redfin report.
Mortgage interest rates are still relatively high ahead of an expected Fed rate cut this fall. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.
Have an account? Log in . As Kenny Lee, a senior economist at New York City listings site StreetEasy, told Business Insider's Alcynna Lloyd earlier this year, the state of the housing market presents a unique challenge for the rich . Many affluent people struggling to rid themselves of luxurious properties they no longer want end up cutting their asking prices.
Some others forego selling them altogether, choosing to either auction them off or rent them out instead. Advertisement Still, a handful of billionaires have the homes they're ready to part ways with listed for sale publicly — still hoping to find new owners for them. Here's a roundup of billionaire-owned properties from New York to California on the market as of August 28, 2024.
They are presented in order of last name..
