Julia Koch, the second-richest woman in America, may not be on the social scene, but she is keeping busy.<\/p>\n
We hear the famously private socialite has been creating a family compound in the Hamptons, complete with multimillion-dollar renovations.\u00a0Koch, who is worth an estimated\u00a0$81.2 billion, owns two homes on Meadow Lane in Southampton, also known as Billionaire Lane. She quietly scooped up another nearby plot for $33.5 million in the past year, we hear.<\/p>\n
A source revealed she is creating a \u201cfamily compound\u201d for her three children with late husband David, who died in August 2019 at 79.<\/p>\n
Julia Koch has amassed more real estate on Meadow Lane, we hear. WireImage<\/p>\n
We hear Koch has been busy updating the homes to the tune of millions of dollars, especially one she purchased in 2022 for $75 million that needs a full renovation to \u201cbring it up to date and make it more modern,\u201d our source said.<\/p>\n
When the property first came\u00a0on the market, one report described it as a \u201c22,000-square-foot Tudor-style fixer-upper.\u201d Additionally, it has\u00a0500 feet of beach frontage and a total of 15 bedrooms.\u00a0<\/p>\n
Koch, who is the widow of Koch Industries\u2019 David Koch, is the second-richest woman in America. FilmMagic<\/p>\n
We hear Koch, seen here at the School Of American Ballet\u2019s 2017 Winter Ball, is building a family compound for her children. FilmMagic<\/p>\n
A neighbor told Page Six<\/a> at the time\u00a0that the home \u201chad fallen into a bit of a state of disrepair. They\u2019re in the very early stages of exploring different options [for restoration] \u2014 and that might be years away.\u201d<\/p>\n She also owns an $18 million mansion on the street, which is known for having wealthy residents including Calvin Klein, Leon Black, Aby Rosen, Ian Schrager and Jay Sugarman.<\/p>\n We hear Koch, shown here at the Winter Ball in 2014, is busy working on renovations. WireImage<\/p>\n We hear the renovations will cost in the multimillions. She is seen here at the the Metropolitan Opera House in 2009. Getty Images<\/p>\n Koch has built a reputation for being the queen of stellar redos.\u00a0She previously tapped\u00a0A-list designer Peter Marino to\u00a0work on her $40\u2009million Upper East Side townhouse<\/a>.\u00a0She also received\u00a0the\u00a0Ballinger Award\u00a0<\/a>for restoration or rehabilitation\u00a0of a landmarked\u00a0estate or public space in 2008 for her work on a Palm Beach property.<\/p>\n The socialite is rarely seen. She was last spotted by Page Six in 2023<\/a> at Washington Post heiress Lally Weymouth\u2019s Fourth of July bash. She was then spotted the night after at New England\u00a0Patriots owner Robert Kraft\u2019s holiday shindig<\/a>. Prior to that, she had not been spotted on the scene since 2019, after her husband died.<\/p>\n","protected":false},"excerpt":{"rendered":"Julia Koch, the second-richest woman in America, may not be on the social scene, but she is keeping…\n","protected":false},"author":2,"featured_media":817006,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[13652,236,88,186,10021,35509,1247,36569,15720],"class_list":["post-817005","post","type-post","status-publish","format-standard","has-post-thumbnail","category-celebrities","tag-billionaires","tag-celebrities","tag-entertainment","tag-exclusive","tag-luxury-real-estate","tag-new-york-city-society","tag-society","tag-southampton","tag-the-hamptons"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/817005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=817005"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/817005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/817006"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=817005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=817005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=817005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}