- Oops!Something went wrong.Please try again later.
The remarkable resurgence of Snap Inc. has become the talk of the tech town, not to mention the broader market in general, with shares up roughly 500% since this time last year on the strength of massive ad revenue and user growth. That financial zoom zoom — Snap’s current market cap currently tops $84 billion — has allowed the L.A.-based company’s top executives to live like lottery winners. Chief business officer Jeremi Gorman just bought a $15.8 million house in Hermosa Beach. And Jared Grusd, the former HuffPost CEO whose hire coincided with Gorman’s and who was originally brought on as chief strategy officer but is now a “strategic advisor” to CEO Evan Spiegel, was the buyer of a 90210 mansion that quietly sold for exactly $18 million in November 2020.
Grusd and his longtime wife Randi Kesselman actually scored a big discount on the property, which was never officially on the market but appears to have been privately marketed for $25 million by top L.A. realtors Josh and Matt Altman of Douglas Elliman.
The gated estate, completed in 2020, lies within The Summit, a guard-gated community high in the mountains between Beverly Hills and Studio City. Set privately at the end of a cul-de-sac, the property was previously owned by Jennifer Messer, the only daughter of Robert Greenberg, founder of the Skechers shoe company.
Messer bought the house in 2015 for $8.6 million; she subsequently demolished the existing 6,000-square-foot structure to construct a much larger and more lavish mansion in its place. The replacement house is big — at least 10,000 square feet of living space, with two above-ground floors plus a finished basement level with a full lounge/recreation room. The lot is big, too, with about an acre of usable land. There’s a huge swath of grassy lawn and a circular motorcourt to properly accommodate large gatherings.
More from DIRT