Barbra Streisand Transfers Millions Of Dollars In Vegas Property To Hubby James Brolin
Feb. 7 2011, Published 8:01 a.m. ET
Mega rich superstar Barbra Streisand has been transferring millions of dollars worth of Las Vegas properties to her husband James Brolin, Breaking Celebrity News has learned.
Streisand, 68, who is estimated to have amassed a $600 million fortune during a legendary 40-year career swapped five properties to her husband of 12 years in 2008 under the ‘Interfamily Transfer and Dissolution’ property transfer loop-hole.
This permits the transfer of ownership within a family without the home actually being sold; the benefits are if you do this then the property owner can avoid increases in property tax by the authorities.
Streisand and Brolin have one of the most solid marriages in Hollywood, and there is no questioning her financial astuteness.
Born into a poor Brooklyn family, the iconic performer and two-time Oscar winner became one of the most successful entertainers of all time, selling over 140 million albums worldwide.
And she has proved to be very savvy when it comes to property investments also.
Ultra-Rare Babs' Cabaret Concert!
She and Brolin live in a massive compound in Malibu which is estimated to be worth $100 million.
Streisand bought the three adjacent Point Dume properties in 1997 after selling and then donating to charity a portion of her former Malibu ranch in the hills.