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The One is a private residence in Bel Air, Los Angeles, California, United States. It is a compound of a main residence and three smaller houses in the modernist style and was developed by Nile Niami. The property is 105,000 square feet (9,800 m2) on 3.8 acres (1.5 ha).
Construction began in 2014. Following delays, it was completed in 2021. Niami initially sought to sell the mansion for $500 million, but his company fell into bankruptcy and the building sold at auction for $126 million, a record auction sale price in the United States.
It's owned by Richard Saghian who is a fast fashion douchebag.
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I saw an article about how rich people build museums attached to their homes. They get a tax deduction from the building costs, and don't have to pay property taxes on that part. They use them for private parties, weddings, etc.
They're supposed to be open to the public, but of course nobody from the government checks into that. The reporter wasn't able to get into any of them.
I'm assuming that's what the "philanthropy wing" is about.
If you have to finagle a tax break into it, it's a pretty weak ass show of wealth.
that is exactly how wealth operates.
Getting other people to pay for your shit is like 80% of being wealthy.
Look at Elon and his government subsidies, nfl owners and city subsidies for their stadiums they charge people 100s of dollars to enter, or Trump successfully getting rhe rnc to pay his legal fees.