Peter Thiel bought $250m-listed LA mansion at foreclosure for $130 million

Peter Thiel, the billionaire entrepreneur, has acquired Casa Encantada in Bel-Air for a staggering $130 million during a foreclosure auction. Listed originally for inflated prices by owner Gary Winnick, this luxurious estate boasts a rich history dating back to 1938, showcasing the classic Old Hollywood style and offering stunning views of the Bel-Air Country Club.