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Billionaire Steve Wynn buys Guess co-founder's estate for $47.9 million

Billionaire Steve Wynn buys Guess co-founder's estate for $47.9 million
Guess co-founder Maurice Marciano sold his Beverly Hills estate in the 1200 block of Benedict Canyon Drive to hotel and casino magnate Steve Wynn in a deal that closed outside the Multiple Listing Service. (Google Earth | Inset: Nick Ut / Associated Press)

There's a $47,851,500 reason that hotel and casino magnate Steve Wynn put his home in Bel-Air on the market recently after only eight months of ownership.

That's what he spent in an off-market deal to pick up a mega-mansion in Beverly Hills last month, public records now show.

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The seller of that sprawling 2.7-acre estate was Guess jeans co-founder Maurice Marciano. Details about the 19,299-square-foot mansion are scant, but tax records indicate the 1990s contemporary has eight bedrooms and 13 bathrooms.

Wynn's for-sale property is a 1991 Traditional-style home set behind gates on about an acre near the Bel-Air Country Club.

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The 11,027-square-foot mansion has five bedrooms and eight bathrooms. Tiered grounds include a focal-point swimming pool with a spa.

Wynn, 73, has a net worth of about $2.6 billion, according to Forbes.

He bought the property late last year in November for $16.25 million and has it listed at $17.45 million.

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Jon Bronson and Mary Swanson of Coldwell Banker Residential Brokerage and Stephen Shapiro of Westside Estate Agency are the listing agents.

Twitter: @LATHotProperty

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