- “Shark Tank” investor Barbara Corcoran is one of many celebrities to lose homes in the LA wildfires.
- Her property was in a mobile home community in Pacific Palisades that’s been razed to the ground.
- She spent $150,000 renovating the trailer, which she called her “Taj Mahal.”
The oceanfront mobile home that TV star and real estate mogul Barbara Corcoran spent hundreds of thousands renovating burned down during the Los Angeles fires.
The “Shark Tank” investor, 75, is among a growing list of celebrities and Hollywood A-listers to lose homes in the fires that continue to cause havoc in Los Angeles.
Corcoran’s spokesperson confirmed to Business Insider that her two-and-a-half bedroom trailer, located within the Tahitian Terrace mobile home community in Pacific Palisades, was razed to the ground by the flames and that she has launched a GoFundMe page to raise funds for the residents.
David Swanson / AFP
“I’m absolutely heartbroken about the mass devastation throughout Los Angeles,” Corcoran said in a statement to BI. “Pacific Palisades and the Tahitian Terrace community in particular is a little slice of heaven.”
Corcoran said she owned her home in the community for five years, during which she befriended many neighbors.
The park was originally built in 1963 and comprised 250 “manufactured homes,” according to real estate group Compass.
“Many of the residents, most of them elderly, had built their lives here over many decades and planned to live out their retirement here,” Corcoran added. “They’ve lost absolutely everything.”
Christopher Willard via Getty Images; Caleb Simpson
Corcoran’s GoFundMe has raised more than $145,000 toward her goal of $600,000. She herself donated $100,000.
In 2023, a tour Corcoran gave of her mobile home, which has unobstructed views of the Pacific Ocean, went viral.
Shared by TikToker Caleb Simpson, who is known for posting videos of unique homes, the video included Corcoran joking that her trailer was her “Taj Mahal.”
Corcoran said she bought the property for $800,000 and spent another $150,000 on renovations, including a pricey freestanding bathtub. “You’re in a million-dollar home,” she added.
