Rwanda: President’s Son moves in a lavish mansion in Beverly Hills

Sky Eclat

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Oct 17, 2012
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By James McClain | Variety

The landlocked African country of Rwanda is poor. Nearly 40% of the population still lives below the poverty line, though the mostly rural nation is now in an economic boom. Per the World Bank, the economy grew by nearly 10% in 2019, on the strength of increasing activity in trade, construction, mining and tourism. While the COVID-19 pandemic put an unexpected damper on that growth, economic upside is again expected this year, with the country aspiring to reach Middle Income Country status sometime in the next decade.

But there are wealthy Rwandans, of course. Chief among them appear to be the family of the country’s leader Paul Kagame, who’s ruled as president for over 20 years. His eldest son Ivan Kagame holds an MBA from USC and is on the board of Rwanda’s investment agency. The successful entrepreneur, 31, still spends a significant amount of time stateside, where he’s moved into a luxe Los Angeles mansion that recently sold for $6.9 million, per records.

The house even sports a sporty celebrity pedigree. It was previously owned by Olympic skier Lindsey Vonn and her ex-husband, ice hockey star P.K. Subban, though the pair only held onto the place for one year — selling it in May, shortly after their split.

Described in the listing as a “fabulous Italian villa hilltop estate,” the house sits up a long driveway and behind gates. Built in the 1950s but radically overhauled in recent years, the European villa-esque structure has four bedrooms and six bathrooms in 5,500 square feet, and is visually dominated out front by a long row of massive square columns, all of them painted a creamy white. A three-car garage has a Tesla charging station, and the half-acre property is fortified by a high-tech security system.

Inside, the skylit foyer connects to formal living and dining rooms. The skylit kitchen has two islands, while the adjoining family room has a wet bar and spills out to the backyard via banks of French doors. There are three guest bedrooms, plus a master retreat with a fireplace, two lavish walk-in closets and dual bathrooms.

It’s not entirely clear who currently owns the former Vonn-Subban estate, or whether Kagame is the owner himself or merely rents. Records show the property is now registered to an LLC managed by a successful Nevada-based real estate agent and known Kagame associate. (The property was never officially listed for rent, but comparable homes in the same neighborhood can command upwards of $35,000 per month.)

Since he first came to political prominence in the early ’90s, Paul Kagame and his regime have long been considered close allies of the United States and United Nations, though his authoritarian rule — and his response to assassinations of political opponents — has engendered some harsh criticism in recent years. The former military leader is widely credited with ending the 1994 Rwandan genocide that killed 800,000, and with spurring foreign investment in the semi-remote country.
 

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Jan 14, 2010
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Ivan Kagame House Beverly Hills

Jerritt Clark/Wireimage/Invision/AP
Plus IconSellerLindsey Vonn, P.K. Subban
Plus IconLocationBeverly Hills Post Office, Los Angeles, Calif.
Plus IconPrice$6.9 million
Plus IconYear1958
Plus IconTenantIvan Kagame
Plus IconSpecs5,564 square feet, 4 bedrooms, 6 bathrooms
Plus IconLot Size0.55 acres

The landlocked African country of Rwanda is poor.

Nearly 40% of the population still lives below the poverty line, though the mostly rural nation is now in an economic boom. Per the World Bank, the economy grew by nearly 10% in 2019, on the strength of increasing activity in trade, construction, mining and tourism. While the COVID-19 pandemic put an unexpected damper on that growth, economic upside is again expected this year, with the country aspiring to reach Middle Income Country status sometime in the next decade.

But there are wealthy Rwandans, of course. Chief among them appear to be the family of the country’s leader Paul Kagame, who’s ruled as president for over 20 years. His eldest son Ivan Kagame holds an MBA from USC and is on the board of Rwanda’s investment agency. The successful entrepreneur, 31, still spends a significant amount of time stateside, where he’s moved into a luxe Los Angeles mansion that recently sold for $6.9 million, per records.

The house even sports a sporty celebrity pedigree. It was previously owned by Olympic skier Lindsey Vonn and her ex-husband, ice hockey star P.K. Subban, though the pair only held onto the place for one year — selling it in May, shortly after their split.

Described in the listing as a “fabulous Italian villa hilltop estate,” the house sits up a long driveway and behind gates. Built in the 1950s but radically overhauled in recent years, the European villa-esque structure has four bedrooms and six bathrooms in 5,500 square feet, and is visually dominated out front by a long row of massive square columns, all of them painted a creamy white. A three-car garage has a Tesla charging station, and the half-acre property is fortified by a high-tech security system.

Inside, the skylit foyer connects to formal living and dining rooms. The skylit kitchen has two islands, while the adjoining family room has a wet bar and spills out to the backyard via banks of French doors. There are three guest bedrooms, plus a master retreat with a fireplace, two lavish walk-in closets and dual bathrooms.

Ivan Kagame House Beverly Hills

Photo: Redfin

It’s not entirely clear who currently owns the former Vonn-Subban estate, or whether Kagame is the owner himself or merely rents. Records show the property is now registered to an LLC managed by a successful Nevada based real estate agent and known Kagame associate. (The property was never officially listed for rent, but comparable homes in the same neighborhood can command upwards of $35,000 per month.)

Since he first came to political prominence in the early ’90s, Paul Kagame and his regime have long been considered close allies of the United States and United Nations, though his authoritarian rule — and his response to assassinations of political opponents — has engendered some harsh criticism in recent years. The former military leader is widely credited with ending the 1994 Rwandan genocide that killed 800,000, and with spurring foreign investment in the semi-remote country.

Source : Rwandan President’s Son Moves Into Lavish Beverly Hills Home

Rwandan President’s Son Moves Into Lavish Beverly Hills Home
 

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