michael douglas

Diandra Douglas Money Claim Dismissed in Court

Filed under: Estates, Celebrity Shopping

It looks like Gordon Gekko will keep his cash for now. A Manhattan judge has dismissed a claim brought against Michael Douglas by his ex-wife Diandra Douglas in regard to his paycheck for the movie Wall Street 2: Money Never Sleeps. The ex-Mrs. Douglas was looking to get half of his take, arguing that because Douglas first played Gordon Gekko in Wall Street when the pair was married it qualified as a spin-off from his existing products. The battle may not be over yet. The judge did say that because their 1997 divorce settlement took place in California that's where the case belongs. Michael Douglas' attorney, Marilyn Chinitz seemed confident that if Diandra refiles the case in California she will have no greater luck because judges there are accustomed to film industry cases.

The pair had an acrimonious divorce. Michael Douglas was accused of being a sex addict who was unfaithful and Diandra Douglas pocketed a reported $45 million. She also got a home in Montecito, California that she currently has listed for $29 million.

Gallery: Diandra Douglas in Montecito

Tags: diandra douglas, michael douglas, wall street 2: money never sleeps

Sunday Real Estate Round-Up: 10/10/10

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

From the Wall Street Journal's Private Properties:
--Le Belvedere, a Los Angeles mansion that originally listed for $85 million has sold for $50 million.

Gallery: $85 Million in Bel Air

--The Malibu, California home of the late philanthropist Nancy M. Daly, the ex-wife of former Los Angeles Mayor Richard Riordan, has sold for more than $40 million.

From the NY Observer:
--Robert Burns, the found of the Regent International hotel group and his wife Janice have bought 2 East 70th Street for $13.5 million
--Yerim Sow, a Senagalese telecom mogul has sold his three-bedroom apartment for $19 million.
--Bernard Ruiz-Picasso has purchased an Astor Place penthouse at 439 Lafayette Street for $7.2 million.
--Neil and Nancy Fire Breslau have sold their penthouse at 111 Central Park North. The couple had bought the apartment for $4.975 million with the intent of flipping it but ended up selling it for $4.525 million.
--Cary Coltun, a senior vice president at megabuilders Bovis Lend Lease, has just bought a 2,000-square-foot condo duplex with his wife Michelle for $3.1 million.
--The $12 million purchaser of Bob and Courtney Novogratz's revamped Nolita townhouse at 5 Centre Market Place is Gregory Soros, son of of one of the world's richest men, George Soros.
--Maura Mandt, who has produced the Espy Awards shows for ESPN just bought a co-op at 50 East 10th Street for $1.15 million.
--Actor Mark Linn-Baker, who was on the show "Perfect Strangers" recently sold his three-bedroom apartment at 17 West 71st Street for $2.85 million.

From the NY Post:
--Michael Douglas and Catherine Zeta-Jones bought a brick, center-hall Colonial mansion in Bedford, New York for $5.25 million.
-- "Real Housewives of New York" star Jill Zarin and her husband Bobby toured a $3.9 million four-bedroom condo at the Rushmore development on Riverside Boulevard. The Zarins are currently living at 401 E. 60th St. in a three-bedroom, 1,956-square-foot apartment which was on the market last year but didn't sell.

Gallery: A Real Housewife In New York City

--Retail broker Robert Futterman of RKF just closed on a $6.6 million penthouse at the Hudson Lofts condo building at 345 W. 13th St.
--Katy Perry and Lady Gaga might be New York City neighbors in TriBeCa. Perry and fiancé Russell Brand recently bought a $2.7 million penthouse duplex on North Moore Street in TriBeCa, and Lady Gaga, who's been on an extensive downtown apartment search, just visited a $14.95 million TriBeCa penthouse at 33 Vestry St.

Tags: bob eubanks, celebrity real estate, jane seymour, jill zarin, lady gaga, le belevedere, michael douglas, nancy daly, nicole kidman, ryan murphy, vidal sassoon

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Half Please: Diandra Douglas Demands Sequel Cash

by Deidre Woollard (RSS feed) —

It's the divorce that never ends. The NY Post reports that Michael Douglas' ex-wife Diandra Douglas has staked a claim to his share of the "Wall Street 2" money. She filed a suit against Douglas saying that she should get half of the up-front money and royalties from "Wall Street: Money Never Sleeps."

The pair had an acrimonious divorce back in 2000. Michael Douglas was accused of being a sex addict who was unfaithful and Diandra Douglas pocketed a reported $45 million. She also got a home in Montecito, California that she currently has listed for $29 million.

There was a clause in their divorce that said that she was entitled to profits from spin-offs from his existing projects. Is "Wall Street 2" a spin-off or a sequel? Diandra Douglas's suit says that the movie qualifies as a spin-off because it is the same character. At a hearing last week the judge said he thought that there was a difference between sequels and spin-offs but wouldn't make a decision until he decided whether or not the case should be heard in New York or California.

The pair were reunited back in April at the trial of their son, Cameron. The Post reports that in a letter to the judge Michael Douglas asking for leniency for his son he described his ex as "a young mother without any parenting skills handed down from her own parents."

Gallery: Diandra Douglas in Montecito

Tags: CameronDiaz, diandra douglas, Michael Douglas, Michael Douglas son

Diandra Douglas in Montecito, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Today's estate belongs to Diandra Douglas, the former wife of Michael Douglas. The former Mrs. Douglas owns an enviable spread in Montecito, the ultra-pricey enclave that is home to Oprah Winfrey, Ellen DeGeneres and others. The Tuscan villa is on over seven acres which is actually divided into two lots. It is rumored that she got a $45 million settlement in the divorce as well as the home that is our estate of the day.

The Real Estalker says that the home was purchased way back in 1979 by the Douglases for just $275,000. This is way before Montecito became the fashionable area it is today. The 1920s Mediterranean has large iron gates and a motor court leading up to the grand home. The home has been recently updated and has a 75' pool, guesthouse, tennis court, Japanese water garden and green lawns from which to take in the ocean views. Tile floors, dark wood beams, vaulted ceilings and arched French doors all add to the feeling of classic Californian Mediterranean style. The pool/guest house offers another living room and kitchen. The home is listed at $29 million, hugely expensive but par for the course in Montecito.

Gallery: Diandra Douglas in Montecito

Tags: california, california real estate, CaliforniaRealEstate, celebrity real estate, CelebrityRealEstate, diandra douglas, DiandraDouglas, estate of the day, EstateOfTheDay, luxury real estate, LuxuryRealEstate, michael douglas, MichaelDouglas, montecito

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LVMH Chief and Russia's Richest Man Want to Make Montenegro the Next Monaco

by Jared Paul Stern (RSS feed) —

Filed under: Luxury Travel & Hotels, Real Estate Developments

A group of billionaire investors including Oleg Deripaska (Russia's richest man) and LVMH chairman Bernard Arnault are backing a scheme to turn Tivat, a derelict port and ex-Yugoslav naval base in the former communist country of Montenegro, into the next playground for the megarich. The site's former naval dockyard fronting the Adriatic Sea will be converted into a lavish marina for superyachts, officially dubbed Porto Montenegro and biiled as "the Monaco of the Balkans," at a cost of around $350 million, the Times of London reports.

"The yachts are getting bigger and bigger," says Canadian mining magnate Peter Munk, who conceived of the project. "And people are complaining that they can't find proper berths for their boats. That's no problem in Tivat. It used to cater to warships." In addition to the great natural beauty of Montenegro, the development will feature moorings for up to 800 yachts as well as repair yards, hotels, restaurants, shops and possibly a casino. In addition, the Four Seasons is building its first Mediterranean resort there on the site of a former warehouse, slated to open in 2010.

Meanwhile, another oligarch, Luxist mascot Roman Abramovich, is said to be in talks to purchase an eight-mile strip of beach to build his own Montenegrin luxury resort, while Michael Douglas and Catherine Zeta-Jones and Venus and Serena Williams have recently been spotted house-hunting in the area, the paper reports. This is something of a throwback to the 1950s and 1960s, when stars like Elizabeth Taylor, Sophia Loren and Kirk Douglas holidayed on Montenegro's beautiful red-tiled resort island of Sveti Stefan (above). See the gallery for more.

Gallery: Magnificent Montenegro

Tags: bernard arnault, BernardArnault, catherine zeta-jones, CatherineZeta-jones, Four Seasons, FourSeasons, LVMH, mediterranean, Michael Douglas, MichaelDouglas, Monaco, Montenegro, oleg deripaska, OlegDeripaska, Peter Munk, PeterMunk, Porto Montenegro, PortoMontenegro, roman abramovich, RomanAbramovich, Sophia Loren, SophiaLoren, Sveti Stefan, SvetiStefan, Tivat, Yacht

Buy Michael Douglas's Pimped Out Golf Cart

by Nicole Weston (RSS feed) —

Filed under: Auctions

Michael Douglas's one-of-a-kind golf cart is hitting the auction block to benefit the nonprofit Motion Picture & Television Fund. The cart, which is a 2002 EZ-GO, was outfitted by automotive experts on MTV's Pimp My Ride, before being used by Douglas in a charity golf tournament. The cart is custom painted (as you can see, above) and has a built-in KVH satellite receiver that delivers DirecTV onto a 7" flip-down screen, MTX speakers, a DVD player, Tom Tom GPS (for those extra-large golf courses), a Star Gate mobile tablet PC in the steering wheel, a cigar humidor, and electric beer cooling tube - and more! A new set of Cleveland Golf Clubs, with a bag, are included.

The auction is online at www.mptvfund.org and ends on June 15th. The starting bid was $1,000, but it is currently over $8,000.

Source

Tags: auction, celebrities, celebrity, charity, golf cart, michael douglas, pimp