Honey Co-Founder George Ruan Celebrates $4B Exit With $60M Bel Air Trophy

Published: March 19, 2020 | By: American Luxury Staff

Earlier this year, Paypal made George Ruan a happy man when it forked over $4 billion for Honey, the app he developed a few years back that makes virtual couponing a snap.

There was, presumably, no coupon available for the $60 million unfinished home in Bel-Air which Ruan will soon occupy as both his home and symbolic place of arrival. If there is such a class of coupon, it’d probably be only be a buy-one-get-one-at-half-price offer, anyway.

The house was a project which, at this point, is only an almost; someone’s reach, economically speaking, exceeded their grasp. It can be completed in short order, if its new owner chooses, and is a stem-to-stern overhaul of an original home, near as we can figure; as of now, it stands as a partially-finished monolithic modern. The double lot measures in at over half an acre; not bad for Bel Air, which boasts some of the priciest land in the world, and is becoming pricier all the time.

The size of the lot allows the property luxuries of expression; two of them are a long, pine-flanked driveway, and an expansive outdoor living space with a large zero-edge pool.

Ruan and co-founder Ryan Hudson came away with $1.5 billion when they sold Honey a few months ago.

8088 March 19, 2020 Real Estate March 19, 2020