Rodeo Drive in Beverly Hills is one of the most exclusive shopping destinations in the world. The street is lined with designer boutiques and luxury stores, and it’s a hot spot for celebrities, wealthy shoppers, and tourists from around the world. But who owns most of Rodeo Drive?
The majority of Rodeo Drive is owned by two major companies — the first is The Crown Estate, which is a British real estate organization owned by Queen Elizabeth II. The Crown Estate owns a majority of the street — about 70%. The second company is the Olayan Group, a multinational conglomerate owned by Saudi billionaire, Suliman Olayan. Olayan Group owns about 30% of Rodeo Drive.
The Crown Estate has owned its portion of Rodeo Drive since the 1950s, while Olayan Group has been the owners of its portion since the 1980s. Both companies own a large portfolio of commercial properties, retail locations, and luxury boutiques on the street, including some of the most iconic shops, such as Tiffany & Co., Gucci, Prada, and Cartier. The companies also own some of the high-end restaurants and hotels located on the street.
The Crown Estate and Olayan Group have invested heavily in Rodeo Drive, as they continue to develop and maintain the area to keep it in pristine condition. Both companies have strict rules regarding the types of businesses that can be located on the street, as they look to maintain its exclusive appeal. It’s estimated that Rodeo Drive generates millions of dollars in revenue each year from its exclusive shops, restaurants, and hotels.
Rodeo Drive is an iconic shopping destination, and it’s no surprise that two major companies have come together to own the majority of the street. The Crown Estate and Olayan Group have both invested heavily in the street, and they continue to make sure that the area remains one of the most exclusive retail destinations in the world.
Who are the Richest Rodeo Drive Real Estate Owners?
Rodeo Drive is one of the most famous and wealthiest neighborhoods in the world. Located in the heart of Beverly Hills, California, it is home to some of the most expensive real estate in the United States. So who are the wealthiest real estate owners on Rodeo Drive?
The top real estate owners on Rodeo Drive are a mix of family trusts, developers, and corporations. Beverly Hills-based developer CIM Group is the largest owner of Rodeo Drive real estate, with over 20 properties on the iconic street. CIM is also one of the wealthiest real estate owners in the U.S., with an estimated net worth of $5 billion.
The second-largest owner of Rodeo Drive real estate is the billionaire David Geffen, who owns several luxury buildings on the street, including the iconic boutique hotel, the Bel Air. Geffen also owns the neighboring Beverly Hills Hotel and the Beverly Wilshire Hotel.
Other notable owners of Rodeo Drive real estate include the billionaire Larry Ellison, who purchased the Beverly Hills Hotel in 1994, and the luxury fashion designer and philanthropist Vera Wang. Other billionaires who own property on Rodeo Drive include the media mogul Rupert Murdoch, owning a penthouse in the prestigious Beverly Wilshire, and the casino magnate Sheldon Adelson, owning the Beverly Hills Hotel.
With their combined net worth estimated at over $20 billion, the wealthiest owners of Rodeo Drive real estate have shaped the street into one of the most luxurious and sought-after addresses in the world.
If you are looking to invest in Rodeo Drive real estate, it is important to know who the wealthiest owners are in order to understand the market and make an informed decision.
| Owner | Property Type | Net Worth |
|---|---|---|
| CIM Group | Commercial and Residential Properties | $5 billion |
| David Geffen | Boutique Hotel, Beverly Hills Hotel and Beverly Wilshire Hotel | Unknown |
| Larry Ellison | Beverly Hills Hotel | Unknown |
| Vera Wang | Unknown | Unknown |
| Rupert Murdoch | Penthouse at Beverly Wilshire | Unknown |
| Sheldon Adelson | Beverly Hills Hotel | Unknown |
What are the Most Expensive Stores on Rodeo Drive?
Rodeo Drive is one of the most famous and luxurious shopping streets in the world. It is located in Beverly Hills, and is home to some of the most exclusive and expensive stores in the world. Each store is unique, offering a variety of luxury items from designer clothing to jewelry and even electronics. But what are the most expensive stores on Rodeo Drive?
The two most expensive stores on Rodeo Drive are Gucci and Harry Winston. Gucci is a designer fashion house that offers luxurious clothing, handbags, shoes, and accessories for both men and women. Gucci is one of the most iconic luxury brands in the world and is known for its signature designs and color palette. Gucci’s clothing can range from $500 to $10,000 or more. Meanwhile, Harry Winston is a luxury jewelry store that specializes in diamond jewelry, watches, and other fine jewelry. Its jewelry can range from hundreds of dollars to millions of dollars.
In addition to Gucci and Harry Winston, there are a number of other luxury stores on Rodeo Drive. These include Louis Vuitton, Rolex, Prada, Givenchy, Versace, and Fendi. Each store offers a variety of luxury items, ranging from designer clothing to jewelry and watches. The price of items varies widely, depending on the item and the brand.
The majority of these stores are owned and operated by multinational corporations, such as LVMH, Richemont, and Kering. These companies are some of the largest luxury retailers in the world and own many of the most expensive stores on Rodeo Drive. For example, LVMH owns Louis Vuitton, Fendi, and Givenchy, while Richemont owns Cartier, IWC, and Piaget. Kering owns Gucci and Bottega Veneta.
It is clear that Rodeo Drive is home to some of the most expensive stores in the world. From Gucci and Harry Winston to Louis Vuitton and Rolex, each store offers a variety of luxury items. The majority of these stores are owned by multinational corporations, such as LVMH, Richemont, and Kering. And while the prices may be steep, the experience of shopping on Rodeo Drive is worth every penny.
Rodeo Drive is owned by a consortium of property owners, the largest of which are Rodeo Drive Committee and Caruso Affiliated.
Rodeo Drive is located in Beverly Hills, California.
Several luxury stores and designer boutiques are located on Rodeo Drive, including Louis Vuitton, Chanel, Gucci, Cartier, and Bulgari.
In addition to shopping, visitors can enjoy scenic views of Beverly Hills, people-watching, and dining at high-end restaurants.
No, there is no specific dress code for Rodeo Drive, but most people dress casually to comfortably enjoy the area.
Most stores at Rodeo Drive are open from 10am-6pm daily, while some stores may have extended hours.
Visiting Rodeo Drive is free; however, you will need to pay for any items purchased at the stores.
Rodeo Drive has a 24-hour security service in place to ensure the safety of its visitors.
Yes, Rodeo Drive hosts several special events throughout the year, such as holiday parties and fashion shows.
Yes, there is a parking lot located at Rodeo Drive, and street parking is also available.