DeGeneres has spent at least $145 million flipping houses — and has profited millions in return.
Ellen DeGeneres, America’s beloved talk show host and comedienne, is a successful house flipper who in the past 15 years has amassed nothing short of a real estate empire. She buys and sells luxury California properties, sometimes living in multiple houses per year, and making huge profits from fixing them up.
DeGeneres usually garners millions from her flips, selling her renovated homes to fellow A-listers like Ryan Seacrest and former Google CEO Eric Schmidt. She rejects the term “flipping” to describe her endeavors, insisting that her real estate gains are borne through sheer enjoyment, more than anything.
In a recent interview with The TODAY Show, DeGeneres said on the matter:
“We buy a house and we love it, and we stay in it. Then we get a little bored because we like a different style or different aesthetic — and I love furniture and decorating — so if I find something else, and we make money, why not move to another house?”
DeGeneres documented her housing journey in a book published in 2015, called “Home.” She and wife Portia de Rossi have bought everything from an upscale “treehouse” to a traditional horse ranch — and loved one property so much she ended up buying it twice.
In her TODAY interview, DeGeneres remarked on how thankful she is that she now gets to own homes. Growing up, her family didn’t have a lot of money — which sparked a reverence for real estate in the young star.
“We lived in apartments,” DeGeneres said. “We would look at houses every Sunday, we would go to open houses, but we could never afford a house. As a kid, I thought — ‘That’s going to be my house.’ Now, I just buy as many houses as I can.”