US Billionaire Real Estate Tycoon Disowns Son Over $2M Luxury Club Scam Allegations
US Billionaire Real Estate Tycoon Disowns Son Over $2M Luxury Club Scam Allegations

US Billionaire Real Estate Tycoon Disowns Son Over $2M Luxury Club Scam Allegations

News summary

Donald Bren, America's wealthiest real estate tycoon with a net worth exceeding $19 billion, has publicly disowned his 33-year-old son, David Bren, amid allegations that David defrauded investors of over $2 million through a fake luxury club called "The Bunker." David pitched the club as a "SoHo House for car lovers," promising exclusive access to a fleet of supercars, fine dining, premium wines, and private smoking lounges, with memberships costing $14,500 a month. Lawsuits allege the business was a complete fabrication designed to fund David's lavish lifestyle, with no actual club, members, or vehicles existing. High-profile investors, including Mark Cuban, Larry Ellison, and NBA star Kristaps Porzingis, were among those reportedly duped, with some losing six- or seven-figure sums. The fallout has been severe, with one investor fleeing California and another found dead in his garage. Donald Bren's spokesperson stated unequivocally that there is no personal or business relationship with David, marking a stark public disavowal.

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Last Updated
2 hours ago
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