He was the former chairman of the board and chief executive officer of the company. Links: en.wikipedia.org, www.bechtel.com, www.dirt.com Rancho San Carlos is comprised of at least 10 contiguous land parcels that collectively meander from the north side of a main Montecito thoroughfare to the scenic foothills above town. Anyway, we thought it might be a fun treat to take a real quick look at a portion of Mr. Bechtel’s substantial real estate holdings and see what we can see. That’s the second-largest amount recorded for an area home in recent years, behind only the $63.3 million paid by construction heir Riley Bechtel for a much larger estate last month. Copyright © 2021 Penske Business Media, LLC. Riley P. Bechtel (CBE) (born 1952) is an American heir and businessman. That’s a $200k loss for our boy, not counting taxes and fees and all that. Riley still serves as the Chairman of the Bechtel Corporation. Together with his wife Ann, Jackson custom-built the gorgeous mansion and made it their main residence. The ultra-private wee estate is set far back down a private driveway and located just a few doors away from the Oprah Winfrey’s 60+ acre Promised Land estate. Riley Bechtel Net Worth. We will update soon. Copyright © 2021 Penske Business Media, LLC. In 2015, Mr. Bechtel apparently decided 4.54 acres was not nearly enough space. The Forbes-listed billionaire and his longtime wife Susan maintain a primary residence in California’s affluent Silicon Valley town of Woodside, though he also owns two huge Montecito mansions — one acquired in 2011 for $16 million, the other in 2015 for $6.8 million — in addition to his new $63 million Rancho San Carlos mega-compound. Ellen DeGeneres recently listed an estate there for $40 million . Get the latest scoop directly in your inbox. The latest and biggest deal so far closed last week, when one of Santa Barbara County’s largest estate parcels — a 237-acre property known as Rancho San Carlos — sold for $63.3 million, almost exactly half the unrealistic $125 million pricetag with which it was originally saddled back in 2014, when it first appeared on the market. @ 34.4469064, -119.6247623 Montecito, California (CA), US Riley Bechtel is the retired chairman of the Bechtel Corporation, the largest construction company in the United States and the 8th-largest privately-owned corporation in America. Riley Bechtel ran Bechtel, his family's construction and engineering firm, from 1990 to 2014. Despite the deeply discounted sale price, the transaction is one of the priciest residential deals in Santa Barbara County history, eclipsing the record $50 million that Oprah Winfrey paid for her fabled Promised Land compound way back in 2001. There are 5 beds and 7 baths in about 5,700-square-feet of living space. Send us a tip using our anonymous form. In January 1996 he also became Chairman of Bechtel. In 2011, Mr. Bechtel substantially upgraded his Montecito residential circumstances with the $16,000,000 purchase of a 12,000-square-foot mansion further up in the hills. The volley arguably kicked off over the summer, around the time Meghan Markle and Prince Harry paid $14.7 million for large Montecito compound, and has yet to slow. Afficher les profils des personnes qui s’appellent Riley Bechtel. Outside, there’s an entertainment deck with an 85-foot infinity pool, a pool house and a four-car garage as well as motor court parking for about 25 cars. The property had been listed at $75 million prior to the sale, but during its most recent and lengthy run on the market it had seen an asking price as high as $125 million. He is the son of Warren A. Bechtel, the founder of the company. Our Mr. Bechtel is the now-retired Chariman of the Bechtel Corporation, the largest construction company in the United States and the 8th-largest privately-owned American corporation. Bechtel has once again used its revolving door to benefit itself and its friends at the expense of the majorities of the world's people and the planet." In 2017 Forbes estimates his wealth at around 3.3 billion USD. That’s nearly $30 million in cash for three non-contiguous properties. Send us a tip using our anonymous form. We had a real devil of a time tracking down Mr. Bechtel’s main Bay Area residence, y’all. As we’ve mentioned, Mr. Bechtel paid $6,300,000 for his first Montecito house way back in 2007. @ 37.4202623, -122.2596333 Woodside, California (CA), US Riley Bechtel is the retired chairman of the Bechtel Corporation, the largest construction company in the United States and the 8th-largest privately-owned corporation in America. The ultra-private wee estate is set far back down a private driveway and located just a few doors away from the Oprah Winfrey’s 60+ acre Promised Land estate. It’s the second largest amount recorded for a home in our rarefied enclave in recent years, behind only the $63.3 million paid by construction heir Riley Bechtel for a much larger estate last month. Unfortunately for Mr. Bechtel, it took more than 1.5 years and several price reductions before the property was sold this September (2017) for just $6,100,000 to a non-famous person. In 2016, the house was put up for sale with a $7,950,000 asking price. Yolanda believes that Mr. Bechtel has owned his Woodside property for a very long time — since at least 1996 and probably a lot longer. For nearly 100 years, beginning in the late-1920s, the property was owned by the family of investor Charles H. Jackson Jr. This week, it was reported that billionaire Riley Bechtel had paid $63.3 million for a 237-acre compound known as Ranchos San Carlos in one of the largest deals ever in the county. According to […] The real owner’s identity is locked up real tight behind the LLC, which links back to a prestigious San Francisco law firm known for representing high net worth individuals and families, naturally. Riley Bechtel's House in Woodside, CA (Google Maps) Riley Bechtel is the retired chairman of the Bechtel Corporation, the largest construction company in the United States and the 8th-largest privately-owned corporation in America. Companies House does not verify the accuracy of the ... Riley BECHTEL. Billionaire Riley Bechtel recently acquired a sizable slice of Montecito. Riley P. Bechtel serves as a non-executive director of Bechtel Group, Inc. Riley P. Bechtel serves as a non-executive director of Bechtel Group, Inc. Bechtel does not intend to subdivide or develop Rancho San Carlos, according to his spokeswoman. Bechtel is also known for his involvement with Theranos, the ill-fated Silicon Valley startup founded by Elizabeth Holmes. Riley Bechtel's House Montecito, California (CA), US Riley Bechtel is the retired chairman of the Bechtel Corporation, the largest construction company in the United States and the 8th-largest privately-owned corporation in America. Riley became the CEO in 1990 and in January 1996, he became the Chairman. He stepped down as CEO in 2014 after being diagnosed with Parkinson's disease. As we’ve mentioned, Mr. Bechtel paid $6,300,000 for his first Montecito house way back in 2007. He became CEO in June 1990. We want to hear from you! There is a horse-riding rink, a tennis court, enormous lawns, a pool, formal gardens, plus off-street parking for dozens and dozens of vehicles. Some time ago our scholarly friend Barbara Bane from Santa Barbara wrote in and asked if Yolanda would look into a mysterious entity — something called “E V Marvista LLC” that was going around Montecito and dropping enormous sums of money on some very substantial homes. Scattered elsewhere on the property are no fewer than 10 guest cottages, an office building, and extensive equestrian facilities. Riley Bechtel's House in Montecito, CA (Google Maps) (#3) Riley Bechtel is an American heir and businessman. That’s mostly because Forbes lists his home as being in the city of San Francisco. After a lot of sleepless nights, however, Yolanda realized that Mr. Bechtel’s main abode is not located in SF — rather, he lives in the tony (and tiny) town of Woodside, CA. In March 1989, he was elected President and Chief Operating Officer. The company spent $540,000 for lobbying in 2006. Way back in 2007, EV Marvista LLC paid $6,300,000 for an East Coast-style rambler in one of Montecito’s best pockets. Mr Wasserman completed the house … Following Ann’s 1990 death, the property was used only occasionally by the couple’s heirs, though it’s been painstakingly maintained in the 30 years since. All Rights reserved. In 2011, the same entity paid $16,000,000 for another Montecito mansion, and then in 2015 it bought a third for $6,845,000. Mr. Bechtel joined Bechtel in 1966, working summers in various field construction and other jobs while attending school. We want to hear from you! The properties are not contiguous, but they are located up the very same private driveway. While most luxury neighborhoods are still recovering from the COVID-19 market aftershocks, California’s sleepy but searingly expensive Montecito community has seen an unprecedented number of eight-figure real estate deals close in rapid succession. Riley Age, Height & Weight. In 2016, the house was put up for sale with a $7,950,000 asking price. The 1.7-acre lot includes at least two traditional-ish structures, both of which have views of the Pacific. Just recently, billionaire Riley Bechtel bought a 237-acre estate near Sharapova’s new property for $63.3 million. Despite (or maybe because of) their vast net worth — they are one of America’s wealthiest families, after all — the Bechtels remain steadfastly discreet and shun publicity like the average person shuns public speaking. Until April 2017 he was the chairman of the Bechtel Corporation. BECHTEL FRANCE S.A.S. Riley Bechtel’s agent: Susan Burns, Coldwell Banker, Get our latest stories in the feed of your favorite networks. And as was first reported by Noozhawk and confirmed by property records, the new owner is an LLC connected to Riley Bechtel, a low-profile but fabulously wealthy businessman and heir with longstanding ties to Montecito. According to Forbes, Mr. Bechtel currently makes do with a net worth of $3.4 billion. Riley P. Bechtel (EPC) is the President and President of Bechtel Corporation. Personnel. Riley primary income source is Celebrity. He paid $6,845,000 for a smaller compound (photos above) that is located just north of his main residence. The totally off-market transaction means that Yolanda does not have professional pics of the estate, but we do know that the bi-winged mansion sits on a fully landscaped 4.54-acre lot that lies on a private drive immediately adjacent to the ultra-swanky San Ysidro hotel & resort. Nile Niami’s ‘The One’ Bel Air Megamansion Finally Hits the Market, at a Discount, Cigarette Billionaire Buys Paula Fortunato’s Benedict Canyon Estate, Skincare Mogul Cristina Carlino Snags $22.1 Million Brentwood Mansion, Nile Niami's 'The One' Bel Air Megamansion Finally Hits the Market, at a Discount, Cigarette Billionaire Buys Paula Fortunato's Benedict Canyon Estate, On 'You,' a Mid-Century Stunner Plays Victoria Pedretti's Home, Frances Bean Cobain Rocks Into 1920s Spanish Colonial, Superior Oil Heir Jonathan Sutton-Day Lists Uniquely Modified 1920s Tudor Revival, Shania Twain’s Son Eja Lange Nabs Midcentury L.A. Starter House. The Hamptons-inspired estate sits on 1.08 acres of land with lovely ocean views, lush lawns, and even a petite guest house/detached garage. Estimated Net Worth in 2019: $100K-$1M (Approx.) Links: en.wikipedia.org, www.bechtel.com, www.dirt.com (The massive estate’s ask eventually plummeted to $75 million before it was yanked off the market.). Riley Bechtel has bought into a sleepy but searingly expensive Californian neighbourhood that has closed an unprecedented number of eight-figure property sales. The businessman purchased the 238-acre estate called Rancho San Carlos for $63 million. In 1981, Riley joined the Bechtel Corporation full time. Get our latest stories in the feed of your favorite networks. That’s the second-largest amount recorded for an area home in recent years, behind only the $63.3 million paid by construction heir Riley Bechtel for a much larger estate last month. Toward the northern end of the property lies a 30,000-square-foot main mansion with a broad central courtyard and dozens of rooms, including 12 bedrooms and 10 baths. He was the former chairman of the board and chief executive officer of the company. His father is Stephen Bechtel, Jr., former Chairman and CEO of the company. Now in his late 60s, Bechtel is the retired chairman of the Bechtel Corporation, the nation’s largest construction company, which was founded by his great-grandfather Warren Bechtel in 1898 and today employs more than 53,000. Riley Bechtel Net Worth: Riley Bechtel is an American heir and businessman who has a net worth of $3.9 billion. Six lobbying firms were used along with in-house lobbyists. Theranos said Riley Bechtel, chairman of the construction giant Bechtel Corp., retired as a director of the embattled blood-testing startup. Currently We don’t have enough information about his family, relationships,childhood etc. Riley body measurements, Height and Weight are not Known yet but we will update soon. But the majority of the land is dedicated to its magnificent orchards, which include 100+ acres of avocado and citrus groves. Now in his late 60s, Bechtel is the retired chairman of the Bechtel Corporation, the nation’s largest construction company, which was founded by his great-grandfather Warren … Mr. Bechtel’s compound sits on nearly 13 acres of land and encompasses at least eight separate structures. All Rights reserved. Filter appointments Filter appointments Current appointments Total number of appointments 1 Date of birth March 1952. We’d estimate that the property is worth at least $20 million today. But after weeks of research and numerous rabbit trails, Yolanda is about 99.9% positive that E V Marvista is a front for one of the Bay Area’s wealthiest humans: a manufacturing heir named Riley Bechtel. 237-acre ranch with a 29,483 square foot main house, 12 bedrooms, 10 bathrooms, Nile Niami’s ‘The One’ Bel Air Megamansion Finally Hits the Market, at a Discount, Cigarette Billionaire Buys Paula Fortunato’s Benedict Canyon Estate, Skincare Mogul Cristina Carlino Snags $22.1 Million Brentwood Mansion, Unity CEO John Riccitiello Buys $32 Million Montecito Estate, Television Titan Donald P. Bellisario Snags $5.2 Million Montecito Spread, Rob Lowe Pays $13 Million for Montecito's Stonehedge Estate. Mr. Bechtel joined Bechtel in 1966, working summers in various field construction and other jobs while attending school. Comedian and political pundit Dennis Miller, 67, has sold his Montecito spread for $49 million in an all-cash deal. He was the chairman of the Bechtel Corporation until April 2017. Key executives: Riley P. Bechtel, Chairman and CEO To give you an idea of the size: the firm generates more than $32 billion in revenue each and ever year and employs 53,000 people. Nice as Mr. Bechtel’s compound may be, it rather pales in comparison to his main residence up north. He worked for the law firm of Thelen, Marrin, Johnson & Bridges. Riley Bechtel, who is Stephen D. Bechtel Jr.'s son and the reigning chairman and CEO of his family's firm, is also a third-generation member of San Francisco's all-male Bohemian Club, best known for its Bohemian Grove encampment near the tiny town of Monte Rio in Sonoma County. Riley Peart Bechtel CBE (born March 25, 1952) is an American billionaire heir and businessman. He serves as the Chairman of the Bechtel Corporation. Get the latest scoop directly in your inbox. Bechtel does not intend to subdivide or develop Rancho San Carlos, according to his spokeswoman. 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