Inside Mary-Kate and Ashley Olsen’s impressive property portfolio

Mary-Kate Olsen and Ashley Olsen. Picture: Dimitrios Kambouris/Getty Images

They’re the famous twins who coined the phrase “you got it, dude” on the hit TV series, Full House.

Mary-Kate and Ashley Olsen shot to fame as child stars on the classic sitcom. The sisters landed the role of Michelle Tanner when they were just six months old.

The series ran for eight seasons from 1987 to 1995, ending when the siblings were eight years old.

After becoming one of Hollywood’s most famous duos, the Olsen twins retired from acting and pursued a career in the fashion industry.

Despite not having a major film or TV role in over two decades, Mary-Kate and Ashley are now among the wealthiest women in entertainment, with a combined net worth of $US1 billion ($A1.5 billion).

With their vast fortune, the twins have amassed an impressive collection of properties.

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Mary-Kate and Ashley shot to fame as child stars in Full House. Picture: Everett Collection

After becoming one of Hollywood’s most famous duos, the Olsen twins retired from acting and pursued a career in the fashion industry. Picture: Dimitrios Kambouris/Getty Images

From sprawling mansions to luxe penthouses, here’s a look at the sisters’ real estate portfolio.

NYC penthouse

While attending New York University (NYU), Mary-Kate and Ashley snapped up four penthouse apartments at the Morton Square condominium for $US7.3 million ($A11.3 million).

According to the New York Post, the pair purchased the unit while it was still being constructed in 2004, but never moved into the five-bedroom pad.

The duo listed the property for $US12 million ($A18.4 million) in 2007. After lingering on the market for three years, they sold the penthouse for $US7.7 million ($A11.7 million).

The pair purchased the unit while it was still being constructed in 2004, but never moved into the five-bedroom pad. Picture: Rachel Kuzma for Corcoran via NY Post

They sold the penthouse for $US7.7 million. Picture: Rachel Kuzma for Corcoran via NY Post

Los Angeles

The same year the siblings bought their New York penthouse, they forked out $4 million on a mansion in Los Angeles.

According to the LA Times, the pair planned to live at the Bel-Air house during uni breaks.

In 2007, the twins downsized their Californian home for a smaller house in Larchmont Village, Los Angeles.

They reportedly paid $US1.6 million ($A2.4 million) for the Spanish style four-bedroom pad.

Ashley’s New York City loft

In 2016, Ashley splashed out $US6.75 million ($A10.3 million) on a luxury condo in Greenwich Village.

Last year, the fashion designer put the pad on the market for $US7.25 million ($A11.1 million).

The historic and roomy two-bedroom, 2.5-bath apartment sprawls over nearly 280 sqm.

The posh property featured a wood-burning fireplace, a wet bar and views of the city.

In 2016, Ashley splashed out $US6.75 million on a luxury condo in Greenwich Village. Picture: Realtor

Mary-Kate’s property moves
East Village townhouse

In 2019, Mary-Kate and her then husband, Olivier Sarkozy, listed two neighbouring 19th-century townhouses in Manhattan’s East Village.

One, at 123 E. 10th St was listed for $US7.69 million ($A11.8 million) while the other, 125 E. 10th St. had a price tag of $US8.3 million ($A12.7 million), the New York Post reports.

At the time, both homes could be sold together for $US15.99 million ($A24.5 million).

Sarkozy, the half-brother of former French President Nicolas Sarkozy, purchased the 123 E. 10th St. in 2012 for $US6.25 million ($A9.6 million) and sold it for $US6.4 million ($A9.8 million) in 2014.

However, he and Olsen never moved in. Instead, between 2012 and 2014, the pair rented the property at 125 E. 10th St. And despite the fact they were tenants, they still reportedly made renovations to the kitchen and bathrooms.

In 2019, Mary-Kate and her then husband, Olivier Sarkozy, listed two neighbouring 19th-century townhouses in Manhattan’s East Village. Picture: Rich Caplan via NY Post

Turtle Bay

In 2014, Sarkozy and Olsen bought and moved into another townhouse, at 228 E. 49th St. in Turtle Bay, for $US13.5 million ($A20.7 million).

The couple was renovating the mansion at the time of their split and never moved into the home.

Following their divorce in 2021, Sarkozy parted ways with the gutted property to the tune of $US10.3 million ($A15.8 million), the Wall Street Journal reported.

The French banker sold the house in 2022 after a year on the market.

The couple was renovating the mansion at the time of their split and never moved into the home. Picture: Getty Images

Ditching acting for fashion career

According to People Magazine, Mary-Kate and Ashley twins started off making around $US2,400 ($A3,700) per episode on Full House.

While on the show, the sisters’ increased to $25,000 ($A38,000) per episode and then reached upwards of $US80,000 ($A123,000) per episode.

By the time they were ten, the twins had their own production company, Dualstar, a string of TV sitcoms and movies and an estimated fortune of $US10 million ($A15.4 million), The US Sun reports.

The sister’s experience of growing up in the spotlight left them eager to escape the glare of publicity in their late teens.

After the last film New York Minute flopped, the pair turned their back on acting and decided to concentrate on building their fashion empire.

In a 2019 interview with Vogue, the twins explained their decision to leave acting in favour of fashion.

“We’ve been there, we’ve done that, we started out that way,” Mary-Kate said.

“But this is the way we chose to move forward in our lives: to not be in the spotlight, to really have something that speaks for itself.”

Mary-Kate and Ashley twins started off making around $US2,400 ($A3,700) per episode on Full House. Picture: Bob D’Amico/ABC via Getty Images

Last year, Mary-Kate and Ashley sold a minority stake in The Row at a valuation of $US1 billion. Picture: Elizabeth Lippman for The Wall Street Journal

Their high-end designer chain The Row was founded in 2006 and was turning over $US50 million ($A76 million) a year by 2015, as well as landing four Designer gongs at the prestigious Council of Fashion Designers Awards (CFDAs).

The pair followed up with a more affordable brand, Elizabeth and James, now produced in partnership with Kohls.

In 2019, it was estimated the pair were worth $US560 million ($A860 million) between them.

But as their fortune grew, the pair became increasingly reclusive, hiding away from the public glare and only occasionally being spotted together near their New York offices.

The twins have spoken out about their reluctance to be the faces of the brand.

“We didn’t want to be in front of it, we didn’t necessarily even want to let people know it was us,” Ashley Olsen told i-D in 2021.

“It was really about the product, to the point where we were like: Who could we get to front this so that we don’t have to?”

In the same interview, Mary-Kate Olsen called herself and her sister “discreet people”.

Last year, Mary-Kate and Ashley sold a minority stake in The Row at a valuation of $US1 billion ($A1.5 billion).

Parts of this story first appeared in the New York Post and The US Sun and were republished with permission.

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