realestate

The Olsen Sisters' Luxurious Real Estate Holdings

Mary-Kate and Ashley Olsen's $1.5 billion fortune built on fashion success after Hollywood exit.

M
ary-Kate and Ashley Olsen, the famous twins from Full House, shot to fame as child stars on the classic sitcom. They landed the role of Michelle Tanner when they were just six months old and went on to star in the show for eight seasons until they were eight years old.

    After becoming one of Hollywood's most famous duos, the Olsen twins retired from acting and pursued a career in the fashion industry. Despite not having a major film or TV role in over two decades, Mary-Kate and Ashley are now among the wealthiest women in entertainment, with a combined net worth of $US1 billion ($A1.5 billion).

    The sisters have amassed an impressive collection of properties, including a NYC penthouse they purchased while attending New York University (NYU) for $US7.3 million ($A11.3 million). They listed the property for $US12 million ($A18.4 million) in 2007 but sold it for $US7.7 million ($A11.7 million).

    In Los Angeles, they bought a mansion in Bel-Air for $4 million and later downsized to a smaller house in Larchmont Village for $US1.6 million ($A2.4 million). Ashley also owns a luxury condo in Greenwich Village, which she purchased for $US6.75 million ($A10.3 million) in 2016.

    Mary-Kate has been involved in several property deals, including listing two neighbouring townhouses in Manhattan's East Village with her ex-husband Olivier Sarkozy for $US15.99 million ($A24.5 million). They also purchased a townhouse in Turtle Bay for $US13.5 million ($A20.7 million), which they renovated but never moved into.

    The twins started their fashion career by founding The Row, a high-end designer chain that was turning over $US50 million ($A76 million) a year by 2015 and landed four Designer gongs at the prestigious Council of Fashion Designers Awards (CFDAs). They also launched a more affordable brand, Elizabeth and James, in partnership with Kohls.

    Last year, Mary-Kate and Ashley sold a minority stake in The Row at a valuation of $US1 billion ($A1.5 billion), cementing their status as two of the wealthiest women in entertainment.

Mary-Kate and Ashley Olsen's upscale real estate properties in New York City.