Why U.S. Celebs Like George & Amal Clooney's Global Real Estate Portfolio Is A Smart Hedge Against A Fluctuating U.S. Market

The U.S. housing market has been on a post-pandemic roller coaster, with fluctuating home prices, interest rates and a hostile political environment creating uncertainty among homeowners and investors. For the ultrarich, however, there is no need to rely purely on the vagaries of the U.S. housing market. Global real estate is where the smart money is, spreading investments across a broad swathe of trans-Atlantic holdings, diversifying portfolios and accumulating a collection of vacation homes. 

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George and Amal Clooney

George and Amal Clooney – whose net worth is estimated to be around $570 million – are the epitome of international celebrity couples, mixing showbiz glamour with humanitarian efforts. The couple boasts a net worth of around $570 million. Their global property portfolio is equally impressive, with homes in California, New York, Italy, England, France and Mexico. Perhaps one of their most famous residences is Villa Oleandra on Italy’s iconic Lake Como, where Clooney has been honored with mayoral status. In France, they own a country house that sits on 425 acres and cost them $8.3 million in 2021.

The Clooneys' Mexican residence in Los Cabos made headlines when it was completed. That’s because it was done with friends Rande Gerber and Cindy Crawford circa 2009.

“There’s nothing more depressing than being in a big old house by yourself,” George told Architectural Digest when their homes were featured in the publication. “You want to fill it with friends and family because that’s what makes a home.”

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Their $13 million home in England is located on a small island on the River Thames called Sonning Eye, while the $14.75 million they spent on a Midtown New York condo is in the thick of the action, close to the United Nations, where Amal sometimes handles Human Rights cases. 

Lenny Kravitz

Owning multiple stylish homes worldwide plays into hip-rocker Lenny Kravitz’s brand perfectly. Kravitz owns an interior design company, Kravitz Design and his luxury homes in Paris, a farm outside Rio, Brazil and on the Bahamian Island of Eleuthera – where he has a home, recording studio and farm – are not only a chance for him to test his design skills but also live a healthy, creative life away from distractions. They are also a lucrative rental side hustle.

Although Kravitz was brought up in New York and Los Angeles and has owned residences in Miami and New Orleans, he no longer calls the U.S. home. Instead, he spends much of his time not on the road in the Bahamas and rents out his lavish other homes. His sprawling property outside Rio – reportedly purchased for $3 million – was recently listed for a day rate of $3,655, which seems reasonable for the scale of the property and the number of guests it can house. In 2015, renting Kravitz’s Paris town house for $175,000/month was possible – no update on the latest rental price. Not that the style icon is short of cash. It’s estimated that Kravitz is worth at least $90 million.

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Madonna

Veteran pop star Madonna owns multimillion-dollar homes in London, New York, Lisbon, Portugal and a $19.3 million luxury Hidden Hills mansion from The Weeknd in 2021.

Gordon Ramsay

It’s hardly surprising that globe-trotting, foulmouthed British chef Gordon Ramsay owns homes on both sides of the Atlantic: London (in the somewhat unglamorous neighborhood of Wandsworth), Cornwall and Bel Air, Los Angeles. With multiple TV shows in the U.K. and U.S. and a string of top restaurants to oversee, Ramsay, a father of five, is a cook on the go. The Masterchef’s net worth was estimated at around $220 million in 2023.

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