Jackie Collins' Former LA Home Lists For $66M. Here's How The Late Novelist Made Her $180M Fortune

The late British novelist Jackie Collins‘ former Los Angeles home is on the market for $66 million. The “Hollywood Wives” author and younger sister of actress Joan got pulses racing with her steamy novels about rich people misbehaving. She knew her subject matter. In the early 90s, she lived in the heart of Beverly Hills in a custom-built home with her second husband, nightclub owner and theater and film producer Oscar Lerman.

Collins’ estate sold the home — located in the Flat neighborhood of Beverly Hills — for $21 million in 2016, a year after her death, to real-estate investor Ben Nehmadi and his wife, Bita Nehmadi, who spent $25 million and five years doing a gut renovation. The Nehmadis have chosen an opportune time to list the property. According to Mansion Global, the Flats neighborhood was untouched by last month's wildfires and has seen a surge in interest in people looking for long-term housing — as per the listing agents Richard Maslan and Susan Smith of Carolwood Estates. However, Ben Nehmadi said they planned to list the home long before the fires.

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Neighbor And Tenant Al Pacino

The seven-bedroom, 14-bath, 21,000-square-foot home sits on an acre of land. British architect Gavin Brodin designed it, featuring bespoke millwork and Italian marble. Collins made a savvy decision, buying the house next door. Nehmadi picked that up for an additional $9 million and continued leasing it to Al Pacino, Collins’ former tenant. The actor moved out late last year. The acting icon’s landlord only had good things to say about his famous tenant. It was “an absolute pleasure,” Nehmadi said. “He never bothered us.”

$131 Million Fortune

Collins was a phenomenally successful novelist, amassing a $131 million fortune, according to the Daily Express. The Penn Book Center, however, put her net worth at $180 million. All of her 32 novels made it onto The New York Times best-seller list, with eight being turned into movies. In total, she was estimated to have sold 500 million books. 

Two years after her death, Collins’ estate auctioned her considerable art and jewelry and rare, signed first-edition books. Dubbed “Jackie Collins: A Life in Chapters,”  the sale took place in May 2017 at Bonhams Los Angeles auction house.

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Larger Than Life Personality

“Jackie never did anything in small measures,” Charlie Thomas, director of private collections and house sales for the auctioneer who oversaw the sale, said. “The collection reflects her personality whether it is through the humor in many of the paintings… or the wonderfully glamorous Art Deco sculptures, and her love of big cats and leopard print.” He added, “There are a lot of panthers! She was famously quoted saying, ‘you can never wear enough leopard print.'”

Among the most expensive items offered were Collins' jewelry, including an Art Deco platinum necklace with diamonds, emeralds, and other precious stones, estimated at $40,000 to $50,000 — small change for Collins’ and her vast fortune.

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