By James McClain Two months ago, Spotify revealed it had agreed to acquire The Ringer, the media company founded by veteran sports journalist and podcaster Bill Simmons, in an all-cash deal valued at nearly $200 million.
The hefty purchase price reportedly boosted Simmons’ net worth into the nine-figure stratosphere. And the entrepreneurial firebrand has wasted little time sinking some of that massive cash influx back into Los Angeles, where he’s added to his already bulging portfolio of personal residences by making his biggest property splash yet — shelling out more than $16.1 million for a historic estate sited in the posh neighborhood of Hancock Park, on what is arguably the enclave’s most desirable street.
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