What Is Kurt Rappaport’s Net Worth?
Kurt Rappaport is a successful American real estate businessman, investor, and entrepreneur, with a net worth of $350 million. He is best known for co-founding and serving as CEO of Westside Estate Agency, a Beverly Hills-based real estate brokerage.
Rappaport has established himself as a top-tier broker, having represented high-profile celebrity clients like Ellen DeGeneres, Warren Beatty, Annette Bening, Ryan Seacrest, and Larry Ellison. His success and reputation in the industry have contributed significantly to his wealth.
Kurt Rappaport’s Early Life and Career
Kurt Rappaport was born in Los Angeles, California in 1971. His father, Floyd A. Rappaport, was an entertainment lawyer who represented famous actors such as Steve McQueen and Peter Lawford. Kurt attended the University of Southern California where he worked part-time in real estate. After graduation, he worked at various real estate firms such as Fred Sands Estates, Merrill Lynch Realty, and Stephen Shapiro and Associates.
Kurt Rappaport’s Westside Estate Agency
In 1999, Kurt Rappaport and Stephen Shapiro co-founded Westside Estate Agency in Beverly Hills, which later expanded to include a Malibu location in 2006. The agency quickly became one of the top real estate agencies in Los Angeles County, with Rappaport and Shapiro named the top two agents by the “Los Angeles Times.”
Today, Westside Estate Agency has more than 100 full-time agents, a third office in Miami, and boasts over $3 billion in sales annually. Rappaport’s development company specializes in ultra-high-end luxury properties with architectural or historical significance, and he invests in technology, including partnering in an online digital network.
Rappaport’s success in the real estate industry has allowed him to represent high-profile clients, such as billionaire Larry Ellison, who purchased 30 Malibu properties worth over $600 million. He also co-executive produced the 2018 film “London Fields” and appeared on the VH1 series “The Fabulous Life Presents: Really Rich Real Estate.”
Kurt Rappaport: Family, Marriage, and Passion for Baseball Cards
Kurt Rappaport, a successful real estate agent, has three children with his ex-wife Juliette MacArthur, daughter of actor James MacArthur. In 2017, he tied the knot with Canadian model Sarah Mutch at his Malibu mansion but filed for divorce in 2019.
Aside from his career and personal life, Rappaport is passionate about collecting rare baseball cards. In 2020, he made headlines for purchasing an ultra-rare Honus Wagner baseball card for a whopping $3.7 million. With less than 60 Honus Wagners in existence, Rappaport’s card is considered one of the top five in terms of quality and the second-highest amount ever paid for a baseball card.
Despite his love for baseball cards, Rappaport also puts his resources towards philanthropy. He is a board member of the Larry King Cardiac Foundation, which aims to help those who are financially unable to afford cardiac care.
Kurt Rappaport’s Recognitions
Kurt Rappaport was honored with The Friar’s Club Icon Award in 2016. In 2018, he received Major League Baseball’s Dave Winfield Humanitarian Award.
From 2016 to 2021, the “Los Angeles Business Journal” recognized him as one of the “500 Most Influential People In Los Angeles.”
Kurt Rappaport’s Real Estate Ventures
Kurt Rappaport, a real estate agent, owned a 22,000 square foot mansion in Malibu, featuring the longest private pool in California, which he sold to Canadian billionaire Daryl Katz for $85 million, making it one of the 10 biggest sales in L.A. history.
In 2008, Rappaport sold his own home to actor Tom Cruise for $30.5 million and previously sold a mansion in Beverly Hills for $16 million. He purchased a Malibu mansion for $7.7 million in 2015 and paid $35 million for a Bel Air mansion in the same year, according to real estate records.
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