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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.

Libertina Brandt   

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.
LifeThelife1 min read

chanchai ruarungruang house thumbnail 2x1

GLYN KIRK/AFP/Getty Images; Romain Hini-Szlos/Courtesy of Compass; Ruobing Su/Business Insider

Chinese billionaire Chanchai Ruayrungruang.

Chinese billionaire Chanchai Ruayrungruang, also known as Yan Bin, has cut the price of his California mansion by $2.45 million.

Back in April, the Chinese businessman listed the six-bedroom home for $24.95 million. However, in August, he reduced the price to $22.5 million.

Read more: The cofounder of Tinder just cut the price tag of his Hollywood Hills mansion and relisted it for $9.75 million - here's a look inside

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.

The home was designed in 2014 by architect Paul McClean for film producer and real-estate developer Nile Niami, the Los Angeles Times' Jack Flemming reported.

The 9,393-square-foot mansion sits in swanky Beverly Hills, where the median home value is $3,453,900. It includes everything from a landscaped courtyard to a glass wine room.

The property is currently represented by Ann Dashiell of Dashiell & Associates at Compass.

Keep reading for a look inside.

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