Ted Sarandos, co-CEO of Netflix, has recently backed one of the biggest deals in entertainment history. Set to acquire Warner Bros Discovery in an $82.7 billion deal, the OTT giant is met with a hostile offer from contemporary, Paramount Pictures. However, this power move has only solidified Sarandos’ millionaire status – one of the highest-paid CEOs in the media industry.
With an estimated net worth of $200 million, Ted Sarandos has a vast real estate portfolio across California. His wife, Nicole Avant, a serious art collector, has built a vast collection featuring several historically significant and contemporary works, from collectable artwork to home decor. Here’s a look at their lavish lifestyle, from real estate worth over $60 million to rare art pieces.
Inside the Netflix CEO’s luxury lifestyle
As per several reports, Ted Sarandos’ net worth is driven by his equity holdings and high compensation. In 2023, he earned about $50-62 million in salary, along with Netflix stock.
$60 million real estate portfolio
Ted Sarandos and Nicole Avant’s primary residence is a 1925 Mediterranean Revival mansion in Hancock Park. Bought for $16 million, they purchased it from Antonio Banderas and Melanie Griffith. Spanning across 15,000 square feet estate features coffered rooms, located near a private courtyard, which boast elegantly arched colonnades. The salon, dubbed the ‘Magic Room’, has a 19th-century curved sofa, Danish shearling chairs from the 1930s and a primitive-oak coffee table.
The rustic and antique furnishings balance out the limestone fireplace with hand-painted frescoes and a rounded medieval-style leaded window. The dining room features original hand-painted ceilings with antique furniture. The estate opens up to a manicured boxwood lawn, as white roses line the perimeter.
Another feather in the media mogul’s real estate crown is the Montecito estate. Acquired in 2018, Sarandos and Avant bought the 17-acre property from talk show host Ellen DeGeneres for nearly $34 million. While limited details are available about the interiors, it places them among the vast range of A-list neighbours.
While they listed their Malibu beach house for nearly $14 million, it was one from David Spade’s portfolio. Bought for $10 million, it joins another $30 million Encinal Bluffs mini-compound, a top-tier coastal estate which suited the power couple.
Sarandos-Avant’s art collection
Nicole Avant, filmmaker and former US Ambassador to The Bahamas, has been at the forefront of hosting the Netflix nominees for The Emmys and Grammy Awards. Their Hancock Park home is layered with several antique and designer pieces. From Vladimir Kagan’s swivel chairs to a 1950s Pierre Chapo coffee table, the home is an art-collector haven.
The salon boasts a shearling-covered Philip Arctander clam chairs mix with Pierre Jeanneret pieces and Avant’s pearly-white vintage piano in the living room. Along with these timeless pieces, Ted and Nicole also flaunt a 1960s Illum Wikkelsø curved sofa, a French 18th‑century oval table and 1950s Federico Munari chairs in the wood-panelled library. However, their most prized possession lies inside. It is a photograph of Frederick Douglass, next to an original handwritten letter by him, from 1877.
