Francois Pinault snaps up Bel Air Singleton House for $16.5m

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French luxury goods tycoon, 67th wealthiest businessman in the world and 3rd in France in 2012, according to Forbes, Francois Pinault has just purchased the Richard Neutra-designed luxury low-slung Singleton House in Los Angeles.

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Built in 1959, the modernist mansion was bought by famous British hairdresser Vidal Sassoon in 2004 for $6 million and, after such extreme renovation work put into it to it that many critics have been complaining about Neura’s style having been altered , it was put up for sale in 2007.

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Owner of the biggest collections of contemporary art in the world, main shareholder in retail company PPR (among which Gucci, Yves Saint-Laurent, Stelal McCartney, Alexander McQueen, Christie’s auction house and the Château Latour winery), billionaire Pinault is now the proud owner of 5.23 acre gated property on which sits a 6,400-square-foot single-story luxury home, which offers splendid views of downtown Los Angeles and the Pacific Ocean.

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The building features four lavish bedrooms, including a master suite with a living room with a stunning stone fireplace, an open-concept dining-room/ center island kitchen, a Japanese soaking tub and steam room and five bathrooms and opens onto a 300-foot-long gated driveway and expansive gardens, the stones of which were specially arranged by the famous landscape artist Isamu Noguchi. Amenities include a pool, a spa, a large media room with built-in sitting lounge, sunken wet bar and a wall of floor-to-ceiling glass sliders