Ex-wife of TikTok owner buys $25m LA mansion after he was unmasked as ByteDance's largest investor

Publish date: 2024-05-22

The ex-wife of TikTok owner Andrew Frost has bought a $25 million mansion in Los Angeles after her 'secretive' former husband and his firm were unmasked as the largest outside investors in ByteDance.

Stacey Frost, who divorced the co-founder of Susquehanna International Group back in 2010, is the proud new owner of a sprawling eight-bed mansion set among almost two acres of land in the heart of the highly coveted Brentwood neighorhood. 

The new pad set Stacey back a staggering $25.1 million - a steal compared to the $35 million original asking price - making the deal one of the biggest this year along LA's Westside.

But, based on who her ex-spouse is, it's unlikely to have made much of a dent in her wallet. 

It emerged in October that Andrew Frost's Philadelphia-based trading firm Susquehanna owns a 15 percent stake in TikTok owner ByteDance, which shot to fame this year as people shared videos online to pass the time during lockdown.  

The ex-wife of TikTok owner Andrew Frost has bought a $25 million mansion in Los Angeles after her 'secretive' former husband and his firm were unmasked as the largest outside investors in ByteDance. The property above

The ex-wife of TikTok owner Andrew Frost has bought a $25 million mansion in Los Angeles after her 'secretive' former husband and his firm were unmasked as the largest outside investors in ByteDance. The property above

Stacey Frost, who divorced the co-founder of Susquehanna International Group back in 2010, is the proud new owner of a sprawling eight-bed mansion set among almost two acres of land in the heart of the highly coveted Brentwood neighorhood

Stacey Frost, who divorced the co-founder of Susquehanna International Group back in 2010, is the proud new owner of a sprawling eight-bed mansion set among almost two acres of land in the heart of the highly coveted Brentwood neighorhood

The new pad set Stacey back a staggering $25.1 million - a steal compared to the $35 million original asking price - making the deal one of the biggest this year along LA's Westside. One of the bedrooms above

The new pad set Stacey back a staggering $25.1 million - a steal compared to the $35 million original asking price - making the deal one of the biggest this year along LA's Westside. One of the bedrooms above

It's easy to see what first drew Stacey to the mansion, with the huge home looming over neighboring properties and boasting almost 20,000 square feet of living space, according to Variety. 

The property is set privately within a 1.9 acre lot and boasts a 69-foot infinity pool with an inset spa and soccer-pitch-sized lawn.

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As is also preferred by her billionaire ex, who has managed to slip under the radar for years, Stacey can enjoy some privacy away from prying eyes with the home hidden from the street behind tall gates. 

Driving up to the home after a busy day, one of the first sights is the mansion's impressive columns and clean white lines.

Damien Newman, Stacey Frost and Peter Mensah attend Global Green's 5th Annual Gorgeous & Green Gala on December 10th 2009. Stacey bought the new home with her current partner Newman

Damien Newman, Stacey Frost and Peter Mensah attend Global Green's 5th Annual Gorgeous & Green Gala on December 10th 2009. Stacey bought the new home with her current partner Newman 

Her ex Andrew Frost is cofounder of Susquehanna which it emerged in October owns a 15% stake in TikTok owner ByteDance

Her ex Andrew Frost is cofounder of Susquehanna which it emerged in October owns a 15% stake in TikTok owner ByteDance

The owner can then park up in their choice of either the everyday garage for three cars or the underground auto museum that can show off a fleet of 12 vehicles along its mirrored walls.  

Inside the home, the lucky owners can welcome many guests to stay, with their choice of eight bedrooms and 12.5 bathrooms, all done to a high spec with marbled floors and minimalist spaces. 

And there's plenty to keep guests entertained with the 1,000-bottle wine cellar where they can enjoy a tipple at the end of the day or a soundproof cinema room to watch a movie while many theaters remain shuttered in the outside world. 

For fitness enthusiasts, an at-home gym offers the perfect way to wind down after a busy day.  

It's easy to see what first drew Stacey to the mansion, with the huge mansion looming over neighboring homes and boasting almost 20,000 square feet of living space, according to Variety

It's easy to see what first drew Stacey to the mansion, with the huge mansion looming over neighboring homes and boasting almost 20,000 square feet of living space, according to Variety

The 1,000-bottle wine cellar where Stacey and her current partner can enjoy a tipple at the end of the day

The 1,000-bottle wine cellar where Stacey and her current partner can enjoy a tipple at the end of the day

Clean, minimalist lines run through the interior of the home in one of LA's most exclusive areas

Clean, minimalist lines run through the interior of the home in one of LA's most exclusive areas

One of the 12.5 bathrooms in the home boasts a standalone tub and vanity table set on the marble floors

One of the 12.5 bathrooms in the home boasts a standalone tub and vanity table set on the marble floors 

An at-home gym is the perfect way to wind down for an avid fitness enthusiast after a busy day

An at-home gym is the perfect way to wind down for an avid fitness enthusiast after a busy day

Stacey and her current partner Damien Newman fell for the place after they started leasing the property for an undisclosed sum last year, Variety reported

Stacey and her current partner Damien Newman fell for the place after they started leasing the property for an undisclosed sum last year, Variety reported

Then there's the kitchen equipped with a bus-sized center island and breakfast bar, a separate catering kitchen for special occasions and everything in the way of top-range gadgets. 

And there's even separate space for the staff with quarters made up of two bedrooms and a third kitchen.

Stacey and her current partner Damien Newman fell for the place after they started leasing the property for an undisclosed sum last year, Variety reported. 

And who can blame them, as it was described as 'by far one of the most important properties on the Westside' in its listing at the time.

But this isn't the first impressive property she has counted in her portfolio.  

In her divorce from billionaire businessman Frost, she was awarded the couple's Sea Cliff four-storey property once dubbed 'one of the finest homes in San Francisco' and counting Twitter's Jack Dorsey as a neighbor. 

The huge kitchen is fitted with all the top-range modern appliances and marble countertops

The huge kitchen is fitted with all the top-range modern appliances and marble countertops

Driving up to the home after a busy day, one of the first sights is the mansion's impressive columns and clean white lines

Driving up to the home after a busy day, one of the first sights is the mansion's impressive columns and clean white lines

A cinema room is one of many ways to entertain guests who can then stay in their choice of eight bedrooms

A cinema room is one of many ways to entertain guests who can then stay in their choice of eight bedrooms

She then snapped up a $12.5 million pad in 2012 in the equally prestigious Presidio Heights neighborhood before offloading the Sea Cliff to Salesforce CEO Marc Benioff in 2016.  

Her ex Andrew Frost and Susquehanna have largely stayed under the radar for the last 30 years since he founded the firm with his law school friends in 1987. 

But the spotlight was thrust on him last month when it emerged his company had a staggering 15 percent stake in TikTok owner ByteDance, with the Wall Street Journal estimating this is now worth a princely sum of around $15 billion. 

Susquehanna is thought to have around $80 billion worth of stocks and derivatives.   

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