{
  "id": 6135279,
  "title": "Billionaire pharma heir lists Lenny Kravitz-designed LA mansion for $35m",
  "url": "https://urgent.news/2026/09/07/billionaire-pharma-heir-lists-lenny-kravitz-designed-la-mansion-for",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-07T12:40:00.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/world/us/in-2018-billionaire-pharma-heir-frank-binder-paid-33-million-for-a-hollywood-hills-mansion-now-the-lenny-kravitz-designed-home-is-listed-for-35-million-as-he-builds-a-2-billion-residential-yacht/articleshow/133773936.cms"
  },
  "original_language": "en",
  "account": "Swiss pharmaceutical heir Frank Binder has put his Los Angeles mansion on the market for $35 million, eight years after purchasing the property. The mid-century modern home, designed by Lenny Kravitz, is located in the Hollywood Hills and boasts panoramic views of the city and the ocean. Built in 1964, the 10,700-square-foot estate underwent a significant renovation under Kravitz's Kravitz Design, incorporating textured stone walls, custom wood paneling, and floor-to-ceiling glass windows. The mansion features four bedrooms, seven bathrooms, a commercial kitchen, a wine cellar, a screening room, and an infinity-edge infinity pool. Binder's motivation for selling the property is his ambitious project, Ulyssia, a $2 billion mega-yacht set to become the world's largest residential floating community upon its expected 2030 launch. The 15-deck yacht will accommodate 122 luxury apartments ranging from 110 to 1,600 square meters, with prices starting at €10 million.",
  "summary": "Frank Binder lists his Hollywood Hills mansion for thirty-five million dollars. He bought the property eight years ago for thirty-three million dollars. Binder is now focusing on his Ulyssia mega-yacht project. This ambitious project involves a two-billion-dollar floating residential community. The yacht is expected to begin sailing in the year twenty thirty.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}