That’s more than two million 3-finger combos! Fast food billionaire Todd Graves, cofounder and CEO of the Raising Cane’s chicken fingers chain, just coughed up tankers of secret sauce for this Hollywood Hills mansion. Records reveal he spilled out $23 million—in cash—for the ultra-contemporary spread, which once had a starring role in HBO’s “Entourage” and has been listed for just under $25 million.
Built in 1979 but extensively remodeled in the early 2000s, the multi-floor house is perched atop a particularly coveted ridge in the exclusive Bird Streets, likely the most expensive neighborhood pocket in the hills. It also sits right next door to a far larger, five-property compound long owned and occupied by actor Leo DiCaprio, who is apparently a friend or acquaintance of Graves—the Raising Cane’s chief attended a fundraiser for DiCaprio’s conservation charity last year; a few months later, the two were also photographed sitting side-by-side at a Lakers game.
We’re not sure if the proximity to DiCaprio was what first attracted Graves to this property, but the place has plenty of cool residential attractions of its own. Spanning about 6,000 square feet of living space, the structure includes spacious public rooms for large-scale entertaining, an indoor kitchen with an espresso bar and Miele appliances, an outdoor kitchen with Viking appliances, a butler’s pantry, a sleek bar, a movie theater, and what the listing describes as a “piano lounge” centered around a fireplace and another bar—ideal for tipsy karaoke nights, we imagine.
Despite its mansion-sized square footage, the house offers just three bedrooms—a private guest suite on the lowest level, which conveniently opens directly to the infinity pool and a sunken fire-pit lounge area, and two separate primary suites on the penthouse floor, both equipped with stunning jetliner views of the L.A. city skyline. Those views probably inspired the “Entourage” crew to cast this property in its most notable role as the home of Vincent Chase (Adrian Grenier) on the small screen.
To our eyes, however, the all-white structure reads a bit more “Miami Vice” than it does “Pulp Fiction,” with its gleamingly monochromatic kitchen, the Lucite chairs, and the glass-bottom floor in the foyer. That’s not necessarily a bad thing, depending on one’s point of view, and it certainly creates the perfect stage to host big parties and charity galas, which we imagine will become the home’s primary function going forward.
Once owned by businessman Sam Nazarian, the Bird Streets property was sold to Graves by Canada-based banker Stan Bharti, who bought it in 2011 for $14.5 million and used it as a vacation home. In a coincidental twist—or maybe it’s not—Bharti also owns a very similar-looking Miami vacation mansion, which he put up for sale last year at $42.5 million. Currently listed at $36 million, that waterfront palace is currently in escrow to be sold to an as-yet-unidentified buyer.
The L.A. house buy is a big and bold real estate move for Graves, though he does maintain a handful of other luxury properties. According to our research, the veteran businessman owns a $10 million mansion (below) in the posh Highland Park enclave of Dallas, Texas, which he and wife Gwen bought a few years ago.
Last year, the couple also dropped a record $15 million to buy a penthouse condo at the new Four Seasons Residences in Nashville, Tennessee. But the longtime Graves main residence remains a Mediterranean-style estate in their hometown of Baton Rouge, Louisiana; a few years ago, the couple installed an elaborate new treehouse in the backyard of that property.
Graves, 53, certainly has the cashflow to maintain all those properties, and then some. His net worth now stands at a whopping $17.2 billion, per Forbes, making him the world’s 136th wealthiest person.
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