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'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream

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Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI

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Current price of oil as of June 17, 2026

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'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream

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Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Real EstateBeverly Hillbillies

Lachlan Murdoch Purchases ‘Beverly Hillbillies’ Mansion for Record Price

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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December 12, 2019, 12:23 PM ET
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Chartwell Estate (PRNewsfoto/Coldwell Banker Global Luxury,)Coldwell Banker Global Luxury, Hilton & Hyland, and Berkshire Hathaway Home Services
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It took more than two years, but Jed Clampett’s house finally has a new owner.

The house that was featured as the setting for The Beverly Hillbillies has sold for roughly $150 million, making it the most expensive home sale in California history. (The exact sale price was not listed, but the range is well above the previous record of $119.75 million.)

Lachlan Murdoch, co-chairman of News Corp. and executive chairman and CEO of Fox Corporation, was the buyer.

The sale price for the estate, formally known as Chartwell, was close to the current asking price, but far lower than the original listing price from 2017, when the sellers were seeking $350 million.

The 10.4 acre estate, with a 20,000 square foot main house and a 5,700 square foot guesthouse, actually belonged to A. Jerrold “Jerry” Perenchio, the media tycoon who sold Univision in 2007 and had a hand in the production of 1970s sitcom hits including “The Jeffersons” and “One Day at a Time.” Perenchio died in May 2017.

It’s about as upscale as posh real estate can get, with 11 rooms (including five in the guest house), a 75-foot pool with pool house, tennis court, and parking for 40 cars in the garage. And that’s not even including the 12,000 bottle wine cellar.

Also included on the property is the former home of Ronald and Nancy Reagan.

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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