Brad Pitt Sold His $39M Property

8 May 2023

Watch on YouTube

Short YouTube commentary using Brad Pitt's recent sale as an anecdote to teach personal-finance lessons: Pitt sold his primary home for $39 million that he bought ~30 years earlier for $1.7 million; the speaker explains that primary homes are often excluded from net-worth calculations, but can be powerful long-term wealth builders and leveraged (borrowed against) for liquidity.

Questions this video answers

$39 million

$1.7 million

About 30 years ago

So Brad Pitt just sold his primary home for $39 million. And get this, he originally purchased the property 30 years ago for $1.7 million. But here's the crazy thing. Most financial analysts, when you're calculating your net worth, do not include your primary home into that calculation, because that's where you live. And while this is an extreme example of this, the same thing happens for families throughout the country. So just owning a primary home can be an amazing place to build wealth over many, many years. Now, you only realize this when you sell it. But the other thing that people don't talk a lot about is you can borrow against that. It becomes an asset that you can either ca or you can borrow against it, which is huge.