Wrigley Gum Heir sells Aspen Estate for $30 million

(Michael Brands of Mountain Home Photo, Bain News Service/Public Domain/via Wikimedia Commons, Getty)

William Wrigley Jr., the heir to the Wrigley Gum fortune, sold his Aspen estate for $30 million.

The 7,500 square foot mansion was purchased by a trust linked to the Richter family, The Wall Street Journal reported. Wrigley is the great-grandson and namesake of William Wrigley Jr., who founded the chewing gum empire in 1891. The contemporary Wrigley Jr. is the former CEO of the Wrigley Company, which Mars bought for 23 billion dollars in 2008.

Brokers Riley Warwick and Joshua Saslove of Douglas Elliman represented the seller, and Chris Souki of Coldwell Banker Mason Morse represented the buyer.

Corinna Holt Richter is a descendant of Benjamin Holt, who ran a construction machinery company that eventually merged with a competitor to become Caterpillar.

Wrigley bought the property, built in 1998, for $8.4 million in 2004, and remodeled it in 2019. The home features four bedrooms, a gym, bar, game room and wraparound deck . Wrigley Jr. also listed two adjacent plots of land for $26.9 million each, according to WSJ.

Wrigley Jr. isn’t the only heir to invest in the Aspen property. Billionaire Walmart heir Rob Walton sold a piece of undeveloped land in the wealthy Colorado enclave for $30.8 million in June after scrapping plans to develop a mansion on the property.

That same month, Real Housewives star Kyle Richards and her husband Mauricio Umansky, who co-founded the agency, listed their Aspen home for $9.75 million.

That listing price pales in comparison to the $100 million asking price for a mansion built next to the Little Nell ski slope. The domain hit the market in July and would set a record if sold at that price.

–Kate Hinsche

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