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Thursday
Oct242013

Madonna Scores $8 Million Profit Selling Beverly Hills Estate

Sara De Boer/STARTRAKS PHOTO via ABCIt's not like Madonna needs the cash or anything, but she just turned a nice profit selling her Beverly Hills estate, where she lived during her marriage to Guy Ritchie, TMZ reports.

The Queen of Pop listed the property in January for $22.5 million, and it has now sold for $20 million.  Back in 2003, she paid $12 million for the spread, which features a 500-foot-long tree-lined driveway, 15 bathrooms, nine bedrooms, a pool, a movie theater, a tennis court and a gym.  According to TMZ, Madonna is now looking for a smaller property in L.A.

This was far from the only big-bucks real estate deal Madonna has been involved with this year.  Back in May, she sold one of her New York City apartments for "considerably less" than the asking price of $19.995 million.  Still, how much less could it have been?  The place had 15 rooms, including six bedrooms, plus balconies and French doors opening onto Central Park, as well as a stainless-steel and marble kitchen.

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ABC News Radio