Disney CEO Bob Iger’s massive Los Angeles property is undergoing massive renovations amid several shocking developments ESPN laying off some of its top on-air talentFound out from the post.
According to The Post’s calculations, about $7 million has been changed.
Records show that the seven-bedroom, nine-bathroom mansion, worth an estimated $33 million, was purchased by Iger and his journalist wife, Willow Bay, in 1995.
They bought the house for $19.5 million, and it was tiny at the time – it only had five bedrooms.
Over the years, Iger, 72, has invested millions in updating and expanding the property, which sits on more than 2 acres of land.
Located in the prestigious Brentwood neighborhood, the prime property is spread over 7,400 sq.ft.
Renovations included re-plastering the swimming pool and adding a spa, tearing down an old stables and building a new two-story stables and storage building in its place, according to development records obtained by The Post.
Also added were a one-story attached living quarters and a new set of stairs that run to the back of the house, as well as a new, two-story media room with new doorways and storage.
In addition, the property received a separate covered patio, as well as first and second floor extensions including a large terrace that spans an additional 940 square feet.
While renovating the long-standing property, Iger and Bey sold their luxury Fifth Avenue apartment in New York City in 2018 for $18.75 million.
Iger, who made his triumphant return to Disney in November 2022 after briefly handing over the reins in 2020, holds an estimated net worth According to Forbes, about $700 million.
Described as maintaining a “resort-like setting,” the home’s other features include a two-bedroom guest house and rolling lawns with ocean and city views.
The master suite comes with dual bathrooms, and a separate office and gym area.
The Post has contacted representatives for Iger for comment.
ESPN laid off some of its biggest stars on Friday, including about 20 on-air personalities expected to save the network millions of dollars, The Post reports.
This list of fired sports commentators and celebrities includes Jeff Van Gundy, Max Kellerman, Keyshawn Johnson, Suzy Kolber and Jalen Rose.
Also on the list are “NFL Countdown” analyst Matt Hasselbeck, NFL Draft expert Todd McShea, college basketball analyst Lafonso Ellis, “SportsCenter” anchor Ashley Brewer, radio host Jason Fitz, host Jordan Cornett and baseball writer Joon Lee.
Van Gundy is widely regarded as one of the best NBA TV game analysts of all time, while Johnson had signed a massive contract just a year earlier.
Last week, The Post reported that the network was shutting down its morning radio show That included Kellerman, Johnson, and Jay Williams.
Kellerman earns about $5 million per year, while Johnson is in the second year of a five-year deal at about $18 million.
Williams is under contract until the end of the summer.
The Sports Network is a conglomerate of Disney and Hearst Communications.
Disney had previously conducted three rounds of layoffs ordered by Iger, with the goal of eliminating 7,000 jobs.
An unlined internal network memo published Friday read, “In order to identify additional cost savings, ESPN deemed it necessary to shift cost management focus to public-facing commentator pay, and that process has begun.” ” “This exercise will involve a small group of job cuts in the short term and a continued focus on cost management as we negotiate individual contract renewals in the coming months.
“It is important for you to know that these are difficult decisions involving individuals who have had a tremendous impact on our company,” the statement continued. “They are based on overall efficiency more than merit, and we believe they will help us meet our financial goals and ensure future growth. Out of respect for everyone involved, we do not plan to release a full list of names.