1000 Wilshire Blvd. via Panoramio; Wedbush's house via KTLA
Edward Wedbush is sort of like your grandma who takes home jelly packets from restaurants because she grew up during the Great Depression...but to the extreme. He's one of the founders of the largest stock brokerage in Los Angeles and a multi-millionaire (he's the Wedbush of the building at 1000 Wilshire Blvd.), but the roof on his Ladera Heights three bedroom is in such bad shape that Los Angeles County sued him to fix it in September. The LA Times reports that "The complaint said that county building inspectors documented the roof's rotting shingles and a beehive as far back as 2007." The house is covered in mismatched tarps and "The 78-year-old Wedbush occasionally climbs onto the roof in bathrobe and slippers to rearrange them, neighbors say."
The Ladera Heights house, which one neighbor says "looks like a tear-down," isn't the Wedbushes' main residence anymore, but Wedbush still spends several nights a week there. According to PropertyShark, he and his wife paid $70,500 for the property in 1980 (which does at least have a pool). He says there's too much mold to fix the roof and tells the paper he'll probably just demolish the house and buy another in the neighborhood. But that hasn't happened yet and meanwhile neighbors have "written letters, passed along bids from contractors and even lined up buyers for the home."
Wedbush is an overall champion cheapskate--he brings his lunch to work, drives a 1992 Town Car, and has the carpet at Wedbush Inc. patched with duct tape. But he isn't all thrift all the time--he says he gives more than half a million dollars a year to charities.
· Edward Wedbush, the multimillionaire financier with the dilapidated house [LAT]
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