Now in his mid-30s, Hou has traveled a long road to the top over the years, from living with his parents in the Rancho Cucamonga suburb of Los Angeles to a top executive role at Coincident Capital, a crypto-centric hedge fund based in San Francisco. That’s all good news for the discount-minded new owner, who records indicate is crypto titan Wen Hou. Last month, it finally sold for nearly $9.7 million, a great deal of money but significantly under the original ask of $12.4 million. Completed in 2019, the house languished on the market for nearly two full years, undergoing several brutal price chops and a change of realtors in the process. The developer of this towering Bel Air mansion had a tough time unloading his built-on-speculation creation - despite the home’s prime location and glitzy look.
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