Kurt Rappaport Net Worth: Early Life, Career, Personal Life and Much More!
Kurt Rappaport is a real estate investor, entrepreneur, and businessman from the United States. As the co-founder and CEO of the Beverly Hills-based real estate agency Westside Estate Agency, Kurt Rappaport made his wealth. Ellen DeGeneres, Warren Beatty, Annette Bening, Ryan Seacrest, and Larry Ellison are just a few of the well-known people Kurt has worked with.
Kurt Rappaport Early Life
On January 26, 1971 in the city of Los Angeles, California, Kurt Rappaport was given the name Kurt Fleming Rappaport at the time of his birth. Floyd A. Rappaport, his father, was an entertainment lawyer who represented superstars including Steve McQueen and Peter Lawford.
Floyd A. Rappaport passed away in 2010, although during his career he was well-known. After graduating from the University of Southern California, Kurt worked in the real estate industry for Fred Sands Estates, Merrill Lynch Realty, and Stephen Shapiro and Associates. During his time at USC, Kurt worked in the real estate industry on a part-time basis.
Kurt Rappaport Career
Westside Estate Agency was initially established in Beverly Hills in 1999 by Rappaport and Stephen Shapiro. In 2006, the two men created a second office in Malibu, which helped them achieve sales of over one billion dollars. According to an article published in “The Los Angeles Times,” Rappaport and Shapiro are the two most successful real estate brokers in Los Angeles County.
The Westside Estate Agency has more than one hundred full-time agents, three offices (one of which is located in Miami), and more than three billion dollars in annual sales.
Kurt acted as the buyer’s agent in the transaction in which billionaire Larry Ellison purchased 30 houses in Malibu with a combined value of more than $600 million.
Getty Rappaport is a partner in an online digital network and also makes investments in the technology industry. Kurt’s development company focuses in “the building of ultra-high-end luxury property with architectural or historical significance,” as stated on the website of Westside Estate Agency.
Additionally, Rappaport served as a co-executive producer on the film “London Fields,” which was released in 2018 and starring Cara Delevingne, Theo James, and Amber Heard. In 2006, he had an appearance on the VH1 series “The Fabulous Life Presents: Really Rich Real Estate.” This series was a spin-off of “The Fabulous Life Of…” and was all about “the cutthroat Los Angeles real estate market as seen through the eyes of high-end Westside Estate Agency.”
Kurt Rappaport Net Worth
According to celebritynetworth The estimated value of Kurt Rappaport’s net worth is $370 Million. He is among the wealthiest real estate brokers in the entire globe. America’s California is where she mostly bases her business.
He is reputed to flip houses.
He buys the property, increases its value by adding value, and sells it for a significantly larger sum. For instance, in 2016. A $7 million California property was purchased by him. He improved the property, made some additions, and sold it for $20 million with a profit margin of more than 100%.
Kurt Rappaport Personal Life
Juliette MacArthur, the daughter of actor James MacArthur, was Kurt’s ex-wife, and the couple shares custody of their three children: Jake, Luke, and Julia. Rappaport wed the Canadian model Sarah Mutch in 2017 at his residence in Malibu. Two years later, in 2019, he filed for divorce from her.
In the year 2020, he shelled out $3.7 million to get an extremely rare baseball card of Honus Wagner. It is estimated that there are less than sixty Honus Wagners still in existence, and Kurt’s is ranked among the top five in terms of quality. It is the amount of money spent for a baseball card that is the second highest ever. Rappaport serves on the board of the Larry King Cardiac Foundation as a board member.
Kurt Rappaport Awards
In 2018, Rappaport was presented with the Dave Winfield Humanitarian Award from Major League Baseball. In 2016, he was awarded The Friar’s Club Icon Award for his contributions to the baseball community. Kurt was recognised as one of the “500 Most Influential People In Los Angeles” by the Los Angeles Business Journal on an annual basis between the years 2016 and 2021.
Kurt Rappaport Real Estate
Kurt was the proud owner of a palatial property in Malibu that was 22,000 square feet and was situated on six acres. The home boasts the state’s longest private pool at 168 feet in length, making it the state record holder. In August of 2018, he made a $85 million profit by selling this property to the Canadian billionaire Daryl Katz. This was one of the 10 largest sales in the history of Los Angeles at the time it occurred.
Rappaport sold his personal residence to actor Tom Cruise for the sum of $30.5 million in the year 2008. He had already parted ways with a different Beverly Hills mansion for the sum of $16 million. In 2015, Kurt purchased a mansion in Malibu for the price of $7.7 million, and in the same year, he also purchased a property in Bel Air for the price of $35 million. Real estate documents reveal these prices.
Some Interesting Facts About the Kurt Rappaort
- Kurt Rappaport smokes, does he? No
- Kurt Rappaport drinks alcohol, right? Kurt Rappaport does indeed take excellent care of himself. Kurt
- Rappaport eats before nine o’clock at night.
- Kurt Rappaport enjoys playing tennis and volleyball a lot.
- Kurt Rappaport adores football viewing.
- Kurt Rappaport, whom he has adored since boyhood, has admitted that he has a crush on him.
Kurt Rappaport is the co-founder and CEO of the Beverly Hills-based real estate agency Westside Estate Agency. Ellen DeGeneres, Warren Beatty, Annette Bening, Ryan Seacrest, and Larry Ellison are among his clients. Kurt Rappaport is reputed to be one of the wealthiest real estate brokers in the world. He bought a $7 million California property, improved it, and sold it for $20 million with a profit margin of more than 100%.