Chinese business magnate Yan Bin has listed his Nile Niami-designed home in Beverly Hills for sale for $24.95 million. The estate was constructed in 2014, and, according to public records, sold to its first owner for $20 million. This is its second trip to market since it went up.
The chilly house is devoid of overt ornament—unusual in a Niami home—and finds expression instead in an unusual design: the living spaces surround a courtyard that is presided over by a venerable elder of an olive tree.
This house doesn’t give much away; it’s glassy and slick, but unadorned with the exception of high-dollar surfaces. It’s defined by transparency and an ultra-luxe utilitarianism, and comes off as a bit of a cypher. Sharp angles and hard surfaces dominate the home, with that living sculpture, and symbol, of an olive tree visible from nearly every living space as a point of reference.
There are 9,393 square feet of interior living space in the home, with six bedrooms and eight baths. The master suite receives a corner spot, with glass walls revealing excellent city views from the hilltop location.
But the house’s shared living areas get most of the attention. The open-concept living space, dining space, and kitchen—designed by excellent German firm SieMatic—opens broadly onto the exterior living area. Amenities are many, of course, and include a billiards room with wet bar, a cigar lounge, a home cinema, a home fitness center with steam room, and a glassed-in wine room.
Bin’s multinational enterprise, Reignwood Group, has interests in various industries. It notably produces and sells Red Bull energy drinks in China and has a manufacturing capacity of 1.1 billion cans annually. Bin’s net worth is north of $4 billion.