Inside Richard Saghian's $300 million-plus property portfolio. Published on November 6, 2026 Richard Saghian knows how to move merchandise. Since founding Fashion Nova in 2006, he's turned a single Los Angeles retail business into a fast-fashion empire. His latest obsession, however, has nothing to do with what's trending on Instagram. The son of an Iranian immigrant who owned a women's clothing store in Los Angeles's Fashion District, Saghian grew up around the apparel industry before opening his first Fashion Nova outpost in a San Fernando Valley mall. The real turning point came in 2013, when he took the brand online. Fashion Nova already had a sizable Instagram following, thanks to customers and influencers tagging its clothes in their posts, and Saghian turned that online buzz into a marketing machine, churning out hundreds of new styles each week and enlisting celebrities including Cardi B, Kylie Jenner, and Khloé Kardashian to help spread the word. The strategy worked. Fashion Nova grew into a multibillion-dollar business, making Saghian, whose fortune Forbes estimates at $2.1 billion, one of retail's biggest success stories. Away from the fast-fashion frenzy, the billionaire has developed an appetite for trophy real estate, spending more than $300 million on homes in some of the country's most coveted markets. His portfolio runs from sprawling Los Angeles estates to Florida waterfront properties and a brand-new Manhattan penthouse. Keep reading to learn more about where Saghian hangs his hat. * Hollywood Hills, Los Angeles Saghian bought the former Hollywood Hills home of the Swedish DJ and producer Avicii (Tim Bergling) in August 2018 for $17.5 million. Situated in the exclusive Bird Streets neighborhood above the Sunset Strip, the contemporary residence was designed by architect Paul McClean and built in 2008. Spanning approximately 7,100 square feet on a 0.31-acre lot, the five-bedroom, seven-bathroom home features floor-to-ceiling glass, wrap-around balconies, and panoramic views of downtown Los Angeles. Outdoors are an infinity pool, spa, fire pit, and lounge area. Avicii bought the home in 2013 for $15.55 million, after it sold for $10 million in 2009, and hired McClean to remodel it in 2017. The property returned to the market as a rental in late 2025 for $95,000 per month, with the asking price eventually dropping to $65,000 in 2026. * Malibu, California In April 2021, Saghian paid $14.73 million for a beachfront property on La Costa Beach, acquiring it from Netflix co-CEO Ted Sarandos and his wife, Nicole Avant. The couple had owned the two-story home since 2013, when they purchased it from actor and comedian David Spade for $10.25 million. The 3,763-square-foot villa offers four bedrooms, three-and-a-half bathrooms, and 60 feet of beach frontage. Extensively renovated during Sarandos and Avant's tenure, it features ocean-facing decks, walls of glass, a European-inspired kitchen, and a private courtyard plunge pool. Saghian later offered the residence as a rental at $59,000 per month. In January 2023, Saghian added a second oceanfront estate to his portfolio, paying $40 million in cash for a compound along Carbon Beach, aka "Billionaires Beach." The property was purchased from Lee Samson, founder of Windsor Healthcare Management, who had originally listed it for $69 million in mid-2022. Occupying roughly a third of an acre with 70 feet of beach frontage, the original 1976 Buff & Hensman structure was demolished by Samson, who commissioned Landry Design Group to construct a modern 6,125-square-foot residence. The six-bedroom, seven-bathroom features a rooftop deck with a retractable glass ceiling, an outdoor pool, and direct access to the sand. * Bel Air, Los Angeles Saghian made his most high-profile real estate acquisition in March 2022 when he won the bankruptcy auction for The One, the sprawling Bel Air megamansion developed by Nile Niami and designed by architect Paul McClean. His winning bid of $126 million climbed to approximately $141 million after the 12 percent buyer's premium. The deal came after years of financial trouble for the project, which had initially been envisioned as a $500 million estate before being listed for $295 million and ultimately landing in bankruptcy. Spanning approximately 105,000 square feet across nearly four hilltop acres, the mansion has 21 bedrooms, 42 bathrooms, five swimming pools, a 30-car subterranean garage, a four-lane bowling alley, a 10,000-bottle wine cellar, a nightclub, and a 10,000-square-foot rooftop deck. Saghian bought the property without a certificate of occupancy and has since undertaken extensive finishing and customization work. He also told the Los Angeles Times that he viewed the acquisition as a chance to own a property that would become part of the city's history. The estate has since had a second life on screen, serving as the home of Molly Wells, played by Maya Rudolph, in the Apple TV+ comedy Loot. * Miami Beach, Florida Saghian expanded his holdings to the East Coast in October 2024, closing a $30 million all-cash dealfor two propertieson Miami Beach's North Bay Road from spec-home developer Ami Shashoua. The primary bayfront estate is an 8,116-square-foot contemporary spec home completed in 2022, offering seven bedrooms, 75 feet of Biscayne Bay frontage, a saltwater pool, a wine cellar, a home theater, a gym, and a cabana. Directly across the street, the second transaction includes a separate 3,167-square-foot renovated Mediterranean-style home with four bedrooms, a pool, and a two-car garage. * Beverly Hills, California In June 2025, Saghian paid $32 million in cash for a newly built, 13,000-square-foot estate on a 1.2-acre lot along the Beverly Hills border. Developed by Los Angeles builder Ramtin Ray Nosrati's Huntington Estate Properties, the six-bedroom home had been listed for $44 million less than a month earlier. Saghian reportedly planned to use it as a temporary residence while work continues on his Bel Air megamansion, The One. Completed in 2025, the house sits on 1.2 acres and comes with a suitably over-the-top lineup of amenities, including an indoor-outdoor pool, a putting green, and a basketball and pickleball court, along with a spa with a barbershop, sauna, and steam room. There's also a basement-level bar with a wall of televisions. * New York, New York Saghian made his Manhattan debut in October 2026, paying $31 million for a penthouse at 111 Murray Street in Tribeca. He reportedly discovered the apartment during a trip to New York Fashion Week before snapping up the five-bedroom residence atop the 64-story tower developed by Fisher Brothers, the Witkoff Group, and New Valley Ventures. The purchase marked the building's final sponsor sale, completing the sellout of all 157 units. Spanning approximately 7,700 square feet, the full-floor penthouse features 14-foot ceilings, a fireplace in the great room, and two terraces with sweeping views of the Hudson and East Rivers. The nearly 1,400-square-foot primary suite has two dressing rooms and baths. Developers initially valued the residence at $50 million in the building's offering plan, though it was listed in 2025 for $33.95 million. Residents have access to a 75-foot indoor lap pool, fitness center, hammam, beauty salon, and private dining facilities.

Victoria's Secret sues Thomas Pink over the PINK trademark. What is the Victoria's Secret Thomas Pink lawsuit about? The Victoria's Secret Thomas Pink lawsuit is a fight over who can use the word PINK on women's casualwear in the U.S. On September 11, 2026, Victoria's Secret Stores Brand Management LLC sued Thomas Pink Shirtmaker LLC and six related companies and retailers, including Fashion Nova, in the U.S. District Court for the Southern District of Ohio. Victoria's Secret says Thomas Pink's new line of women's T-shirts, leggings, sweatshirts and sweatpants infringes and dilutes its PINK trademarks. It has asked the court for a preliminary injunction, an early court order that would stop sales while the case continues. The case is pending, and no court has decided whether anyone infringed. How did the two PINK brands end up in court? The two companies have clashed before. Thomas Pink is a London shirtmaker founded in 1984 and best known for men's dress shirts and suiting. When Victoria's Secret brought its PINK line to the U.K., Thomas Pink sued, and in 2014 the English High Court ruled in Thomas Pink's favor. The companies settled in 2015. According to Victoria's Secret, that settlement kept its right to object if Thomas Pink used PINK outside its traditional men's shirt-and-suit business. This kind of deal is often called a coexistence agreement: two companies with similar names agree on who can use the name for what, instead of one side giving it up. In 2025 and 2026, Thomas Pink asked Victoria's Secret to consent to several of its U.S. trademark applications, including a PINK mark with striped lettering and several PINK LONDON marks. Victoria's Secret says it agreed because it understood Thomas Pink was staying in its usual business. What does Victoria's Secret claim? Victoria's Secret says that instead, Thomas Pink launched women's casualwear with plain PINK designs, without the stripes or the word LONDON. It says it found the products on August 13, 2026, objected the next day and filed suit less than a month later. Its two main claims work differently: These are Victoria's Secret's claims. Thomas Pink and the other defendants are expected to rely on the 2015 settlement and the consents. What happened in the London court? On October 20, 2026, Thomas Pink asked a London court to block Victoria's Secret from pursuing its U.S. claims, arguing that the new lawsuit breaks the 2015 settlement. That means the same deal is now being argued over in two countries at once. Which reading of it wins will likely shape what happens in Ohio. What can a growing brand learn from the PINK fight? A trademark registration protects your name for the goods and services listed in it, and an agreement over your name usually has limits too. Both questions matter the moment your brand moves into a new category. If you sell men's shirts today and plan to add loungewear, cosmetics or accessories next year, check three things before you launch: * Your registrations. Do they cover the new products? Trademarks are filed by class, and its guide to trademark classes shows how products are grouped. * Your agreements. Does any old settlement, license or consent limit where your name can go? * The market. Is someone else already using a similar name for those products? A free trademark search is a fast first check, and a comprehensive trademark search goes further before you spend on a launch. Planning to grow your brand into new products? Start your trademark registration with U.S. licensed attorneys so your name is on record for the categories you plan to sell in. Once your mark is registered, brand monitoring can alert you when someone files a similar name, so you can act early instead of finding out from a customer. Ready to protect your name for where your brand is headed? Register your trademark with Trademarkia.