Chinese billionaire Tianqiao Chen is the buyer of USC presidential mansion

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Records reveal the buyer of the USC presidential mansion is Tianqiao Chen, a Chinese billionaire who funded a new neuroscience center at Caltech.

Known as the Seeley Mudd Estate, the mansion is virtually unparalleled in the affluent community. It covers seven acres on land donated by U.S. Army Gen. George Patton and railroad mogul Henry Huntington, who established San Marino’s Huntington Library a few miles away. For reference, no other properties on the market in San Marino have more than three acres.

At the center sits a 14,000-square-foot American Colonial-style mansion built in 1934 by Reginald Davis Johnson, a Pasadena-based architect whose other works include the Santa Barbara Biltmore Hotel and the Hale Solar Laboratory.amid cost-cutting measures due to the pandemic , the school decided to sell the estate and spent $8.6 million on a smaller, sleeker home in Santa Monica to replace it last spring.

The sprawling compound includes forests of sycamores, oaks and Chinese elms, as well as a series of grassy lawns and rose gardens where USC hosted dinners and galas over the years.17th-century wood panels are found in the 87-year-old main house, and other structures include a guesthouse, log cabin and carriage house with a gas station and car wash bay. There’s also an outdoor kitchen, swimming pool and sunken tennis court.

Chen’s purchase marks the first time the house has ever officially been sold. He paid $500,000 more than the original asking price of $24.5 million.Brent Chang of Compass and Ernie Carswell and Austin Alfieri of Douglas Elliman held the listing. Richard Williamson of Golden Gate Sotheby’s International Realty represented Chen.

 

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He will need it when Emperor Xi tries to re-educate him.

This doesn’t seem weird at all 🤔🤔🤔

If China is communist how is there a billionaire?

It’s too bad USC felt compelled to sell this amazing property.

Another rich guy buys something… what’s next rich guy’s in space?

good luck

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