scorecardA Chinese billionaire cut the price of his Beverly Hills mansion and relisted it for $22.5 million. Take a look at the sprawling home here.
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A Chinese billionaire cut the price of his Beverly Hills mansion and relisted it for $22.5 million. Take a look at the sprawling home here.

Yan Bin's mansion is located in the swanky city of Beverly Hills. According to Zillow, as of August 2019, the city's median home value is $3,453,900.

A Chinese billionaire cut the price of his Beverly Hills mansion and relisted it for $22.5 million. Take a look at the sprawling home here.

Chinese billionaire Chanchai Ruayrungruang, also known as Yan Bin, is the founder of Reignwood Group, an international multi-industrial conglomerate that, along with other things, distributes the energy drink Red Bull in China. According to Forbes, he has a net worth of $1.1 billion.

Chinese billionaire Chanchai Ruayrungruang, also known as Yan Bin, is the founder of Reignwood Group, an international multi-industrial conglomerate that, along with other things, distributes the energy drink Red Bull in China. According to Forbes, he has a net worth of $1.1 billion.

Source: Forbes

In April, the billionaire put the mansion on the market for $24.25 million, the Los Angeles Times reported.

In April, the billionaire put the mansion on the market for $24.25 million, the Los Angeles Times reported.

Real estate company Compass confirmed to Business Insider that in August, he reduced the price to $22.5 million.

Real estate company Compass confirmed to Business Insider that in August, he reduced the price to $22.5 million.

Source: Compass

The property boasts 9,393 square feet of living space.

The property boasts 9,393 square feet of living space.

Source: Compass

According to the Los Angeles Times, it was designed in 2014 by architect Paul McClean for film producer and real estate developer Nile Niami.

According to the Los Angeles Times, it was designed in 2014 by architect Paul McClean for film producer and real estate developer Nile Niami.

It includes six bedrooms ...

It includes six bedrooms ...

Source: Compass

... and six full bathrooms.

... and six full bathrooms.

Source: Compass

When it comes to indoor amenities, the home features everything from a gym and steam room to a wet bar.

When it comes to indoor amenities, the home features everything from a gym and steam room to a wet bar.

Source: Compass

There is also a glass-enclosed wine room ...

There is also a glass-enclosed wine room ...

Source: Compass

... and a home theater.

... and a home theater.

Source: Compass

Outside, there's a courtyard with an olive tree and a two-story fountain.

Outside, there

Source: Compass

Here's a closer look at the courtyard.

Here

Source: Compass

The outdoor patio is equipped with a kitchen area and various seating spaces.

The outdoor patio is equipped with a kitchen area and various seating spaces.

Source: Compass

Here's a closer look at one of the seating areas.

Here

Source: Compass

Adjacent to the patio is a negative-edge infinity pool and spa.

Adjacent to the patio is a negative-edge infinity pool and spa.

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