WSJ News Exclusive | Former Google CEO Eric Schmidt Pays $30.8 Million for Montecito Mansion

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WSJ News Exclusive | Former Google CEO Eric Schmidt Pays $30.8 Million for Montecito Mansion
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Ex-Google CEO Eric Schmidt and his wife, Wendy Schmidt, purchased an historic estate in Montecito, Calif., for $30.8 million. The home once housed a think tank that brought together the likes of John F. Kennedy, Martin Luther King Jr. and Henry Kissinger.

Eric Schmidt, the former chief executive of Google, and his wife Wendy Schmidt purchased a large estate in Montecito, Calif., for $30.8 million this summer, according to people familiar with the deal.

The property had been on and off the market since 2012, when it first listed for $57.5 million, and had been listed by several different agencies, The Wall Street Journal reported. The price was eventually dropped to $36.89 million last year, according to Zillow. It wasn’t publicly listed at the time of the sale.

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