Chao also used to own the Brody estate directly next door, which she bought from the Brody family, renovated, and sold to Ellen DeGeneres for almost $40M. She also sold Dr. Phil his current home in Beverly Hills.
This mansion was built by Steven Wallace, the founder of Pacific Brokerage Services, a discount stock broker. Wallace eventually lost the house in the divorce from his former wife Jo Ann Wallace. Ms. Wallace attempted to sell the estate for more than a decade (unsuccessfully) before finally unloading it to Chao.