What is Rich Paul's net worth? Adele takes out $38M mortgage on LA home she'll share with boyfriend

Paul, a sports agent, founded the Klutch Sports Group and has represented some of the biggest names in the NBA, including longtime pal LeBron James


                            What is Rich Paul's net worth? Adele takes out $38M mortgage on LA home she'll share with boyfriend
Rich Paul and Adele at the 2022 NBA Playoffs Western Conference Finals at Chase Center on May 20, 2022, in San Francisco, Ca (Harry How/Getty Images)
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Adele has reportedly taken out a staggering $37.7 million mortgage on a lavish Los Angeles mansion she purchased from Sylvester Stallone for $58 million in February. She appears ecstatic to share the new home with her sports agent boyfriend Rich Paul.

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According to the deed of trust, the eight-bedroom, 12-bathroom home in the coveted Beverly Park area is saddled with a massive home loan for the next three decades. The pop star is estimated to be paying $227,000 per month, including property taxes and an assumed five per cent interest rate. The sum is big even for the hugely successful singer, whose net worth is estimated at $183 million. Now, fans are wondering what her boyfriend's contribution will look like.

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The 34-year-old singer is looking forward to having her delayed Las Vegas show up and running in November at The Colosseum, in Caesar's Palace, where she will reportedly be earning $1 million per show. Adele confirmed in May this year that she and her boyfriend Rich had moved in together after a year of dating. The pair marked the occasion by sharing a snap of themselves outside the new home. The singer shared a number of photos, including one where the couple held up the keys to their luxury abode.

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What is Rich Paul's net worth?

40-year-old Paul, a sports agent, founded the Klutch Sports Group and has represented some of the biggest names in the NBA, including his longtime pal LeBron James. Paul currently manages over 20 NBA players and is one of the most powerful agents in the world of basketball, having generated nearly $1 billion in deals. Furthermore, he earns $30 million in commissions personally each year and was the third-most financially successful NBA agent in 2020. According to CelebrityNetWorth, his estimated net worth is $120 million.

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Sports agent Rich Paul attends the game between the Los Angeles Lakers and the San Antonio Spurs at Staples Center on November 14, 2021 in Los Angeles, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.
Sports agent Rich Paul attends the game between the Los Angeles Lakers and the San Antonio Spurs at Staples Center on November 14, 2021, in Los Angeles, California. (Photo by Allen Berezovsky/Getty Images)

Adele bemoaned to her fans in January how her hotly-anticipated Las Vegas show was canceled just 24 hours before she was scheduled to take the stage at Caesar's Palace. Last month, however, she announced the concert's return and told her fans she was determined to make the shows happen. "Words can't explain how ecstatic I am to finally be able to announce these rescheduled shows. I truly was heartbroken to have to cancel them," she wrote on Instagram. "But after what feels like an eternity of figuring out logistics for the show that I really want to deliver, and knowing it can happen, I'm more excited than ever!" The pop sensation's headlining show is expected to run from November 18 until February 24, 2023. 

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Adele's latest home purchase was her fourth in Los Angeles, after having previously bought three properties next to each other in the exclusive Beverly Hills suburb of Hidden Valley. She told Vogue last October that she couldn't afford real estate in her native London. "The kind of house I have in LA I could never afford in London. Ever," she told the magazine, adding that she spent most of her time in her hometown "in a car or inside a building" and that she wanted to live somewhere with "fresh air and somewhere where I could see the sky." Ironically, however, the mortgage she's been saddled with in Los Angeles is much higher than what a lot of luxury properties offer in London, the Daily Mail reported.

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Disclaimer : This is based on sources and we have been unable to verify this information independently.