He is selling his Kansas City area residence for $5 million as he spends the majority of his time in Manhattan. Kao’s parents also own one of the largest estates in the Beverly Hills Flats neighborhood, purchased in 2013 for $15.4 million, which was formerly owned by Kirk Douglas. When children grow up and follow in their parents’ footsteps, for better or worse, many wonder if their choices are based on how they were raised or simply genetic. ), The Upside Down House has its atypical floorplan to thank for the offbeat moniker. Glass walls and open-concept common areas give both structures an open, airy feeling. The Beverly Hills property was listed by David Kramer of Hilton & Hyland. The striking house was built on speculation by Nathan Frankel, a businessman and concert violinist who made his fortune in the scrap metal industry, and completed in 2015. Michibata, for her part, is probably best-known for her short-lived marriage to Formula One superstar Jensen Button. And back in 2011, Min Kao paid a whopping $40 million for a penthouse at 15 CPW, one of Manhattan’s most prestigious residential buildings. Wang, for his part, only held onto the property for about four years before flipping it in a $22.5 million, all-cash deal late last year. Though the identity of the home’s spendy new owner remained a mystery for months, a deep dive into records now reveals the buyers were American film producer Ken Kao and his wife, Japanese fashion model Jessica Michibata. Get the latest scoop directly in your inbox. CAA also represents Gosling. When American film producer Ken Kao and his wife, Japanese fashion model Jessica Michibata, purchased one of the most stunning estates in Los Angeles, it was initially kept a secret. The house is a substantial purchase, even for a deep-pocketed scion of a mogul of first-gen GPS; the selling price was $22.5 million. But perhaps the property’s most visually arresting feature, at least to this author, is the sunken triangular courtyard embedded into the main house. Four years later, he sold it to Michibata and Kao for an all-cash payment of $22.5 million. Kao’s parents also own one of the largest estates in the Beverly Hills Flats neighborhood, purchased in 2013 for $15.4 million, which was formerly owned by Kirk Douglas. Ken Kao enjoys his interests, as well as living a vibrant life. Though they closed on the house six full months ago, Kao and Michibata have not yet moved into the property. Of course, if their paths lead to success and happiness, parents take credit for the nurturing. Launch Gallery: Inside Ken Kao's $22.5 Million Upside Down House Sign up for Variety's Newsletter . Likewise, if the kids’ choices lead to failure and misery, it’s often attributed to a fluke of nature. But the Kao family is hardly new to the Los Angeles area or high-end real estate in general. But perhaps the property’s most visually arresting feature, at least to this author, is the sunken triangular courtyard embedded into the main house. Kao’s new 7,500-square-foot traditional sits well north of Sunset Boulevard, perched atop a prominent ridgeline just above the Coldwater Canyon area. The two-story guesthouse, spanning about 2,000 square feet, consists of a rehabbed barn set beneath a wood-clad upper floor. The estate was purchased by Jen Kao, the Parsons-educated former fashion designer and only daughter of Garmin’s multibillionaire co-founder Min Kao. ), The Upside Down House has its atypical floorplan to thank for the offbeat moniker. But the Kao family is hardly new to the Los Angeles area or high-end real estate in general. The buyer was repped by Zach Goldsmith of Hilton & Hyland. LOCATION: Beverly Hills Post Office, Los Angeles, Calif. According to Forbes, the elder Kao’s net worth currently exceeds $4 billion. The home is of course positioned to make best use of the views that surround it, and glass panels all but erase the distinction between interior living space and the natural world outside. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Like us on Facebook to see similar stories, Cuomo says Republican 'law and order’ messaging, linking Dems to de Blasio effective tactic. Beverly Hills Post Office, Los Angeles, Calif. Two houses totaling approx. To have clients acknowledge Ken Kao’s design concepts is a long journey of professionalism, creativity, communication and collaboration, because he values every client and respects every design he produces for his clients. For the latest news, follow us on Facebook , Twitter , and Instagram . It quickly sold for $19.9 million to Chinese film financier James Wang, one of his country’s most successful and high-profile producers. Kao, who co-founded production company Arcana with Ryan Gosling, is the only son of multibillionaire Min Kao, the Kansas-based tech tycoon who co-founded GPS giant Garmin. The striking house was built on speculation by Nathan Frankel, a businessman and concert violinist who made his fortune in the scrap metal industry, and completed in 2015. CAA is brokering the book deal with David Fugate of Launch Books. For the latest news, follow us on Facebook, Twitter, and Instagram. Besides modeling, Michibata’s brief marriage to Formula One megastar Jensen Button — and the apology she received from Richard Branson for touching her face and making her uncomfortable many years ago when he was drunk — are among her other news-making experiences. So, we don’t know when Ken celebrates the birthday. Michibata, for her part, is probably best-known for her short-lived marriage to Formula One superstar Jensen Button, as well as for an infamous interaction with Richard Branson, in which he “inappropriately touched” her. More importantly, his passion is ceaseless. 10,381 square feet, 6 bedrooms, 10 bathrooms, Flea Flies Into Tropics-Themed Malibu Colony Hideaway, Khloe Kardashian Sells $15.5 Million Calabasas Mansion to Dhar Mann, Jenna Elfman Zooms Out of Longtime Los Feliz Villa, Ian Anthony Dale Pays Over Asking in Pasadena, Evan Spiliotopoulos Pens Exit from Celeb-Pedigreed Studio City Compound, Oil Heiress Ariadne Getty Adds All-New Contemporary Mansion to Her Portfolio, Alexandra von Furstenberg Buys $28.5 Million Beverly Park Mansion, Helicopter Heiress Cindy Robinson Flies Out of Hollywood Hills Hideaway. Get the latest scoop directly in your inbox. So what do we make of this family tree? Sited in the semi-remote mountains high above Beverly Hills, on a perfectly private 3.5-acre lot dotted by 130 native live oaks, the two-structure compound is chicly contemporary without being cold, and blends into its natural environment, embracing the land’s rugged hillside topography. “Project Hail Mary” will be published next spring by Random House. But in 2013, she abruptly shuttered her six-year-old label, citing unspecified health issues. Nurture or nature? Ken Kao was born in Taiwan on June 1, 1950. All Rights reserved. But details of what they are actually changing — and reasons why the compound requires a renovations when it’s barely five years old — remain murky. When it comes to height, people are obsessed with that thing. Launch Gallery: Inside Ken Kao's $22.5 Million Upside Down House. Though they closed on the house six full months ago, Kao and Michibata have not yet moved into the property. Kao, who co-founded production company Arcana with Ryan Gosling, is the only son of multibillionaire Min Kao, the Kansas-based tech tycoon who co-founded GPS giant Garmin. And back in 2011, Min Kao paid a whopping $40 million for a penthouse at 15 CPW, one of Manhattan’s most prestigious residential buildings. In any case, the new Michibata-Kao estate lies in a privately gated community famed for its large number of celebrity residents; some of the nearest neighbors include Lisa Vanderpump, Channing Tatum, Jessica Alba, Demi Moore, Jon Voight and the ultra-contemporary mansion of music mogul Aaron Bay-Schuck. It quickly sold for $19.9 million to Chinese film financier James Wang, one of his country’s most successful and high-profile producers. Warm plank hardwood pops up in ceilings and walls, and natural finished hardwood is used for staircase treads and an elevated living space which was in use as a studio and lounge at the time of the shoot. It quickly sold for $19.9 million to Chinese film financier James Wang, one … Kao, who previously teamed up with Ryan Gosling to create the Arcana production company, is the lone son of multibillionaire Min Kao, a Kansas-based tech magnate who co-founded GPS colossus Garmin (whose reported net worth is over $4 billion). In any case, the new Michibata-Kao estate lies in a securely gated community famed for its large number of celebrity residents. The two-story guesthouse, spanning about 2,000 square feet, consists of a rehabbed barn set beneath a wood-clad upper floor. Kao’s parents also own one of the largest estates in the Beverly Hills Flats neighborhood, purchased in 2013 for $15.4 million, which was formerly owned by Kirk Douglas. Ken Kao's zodiac sign is Gemini. Arguably one of the most beautiful newer estates in Los Angeles — or at least one of the most visually intriguing — is architect Noah Walker‘s so-called Upside Down House.
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