Your Mama Hears...

...That Nancy Daly, the estranged wife of Los Angeles' really rich ex-mayor Richard Riordan, has very quietly sold her Carbon Beach compound at a price that will have even the most jaded real estate queens in Malee-boo peeing in their pants. Our sources, and there were several helpful insiders on this one, whispered in our big ear that the colossal Craftsman style house was sold to a young hedge fund honcho and his wife who coughed up somewhere in the neighborhood of $50,000,000. Yes, children, you read that correctly, fifty million clams.

Just a little more evidence that even as the middle class is getting foreclosed on right and left and the economy makes an ugly spiral toward recession, those that grease, turn and manipulate the financial wheels of the great U-nited States are still swimming in money like pigs in shit.

The 15,000 square foot (approx.) house sprawls across a leviathan ocean front lot that Miz Daly smartly pieced together from several smaller contiguous lots and is located smack in the middle of billionaire's row with Dreamwork's Jeffrey Katzenberg on one side and former Yahoo CEO Terry Semel on the other.

While we have no doubt that Miz Daly wished to keep things hush hush, the reality is that one can not sell a $50,000,000 house without people talking and all the real estate gossip's tongues wagging. Just keep in mind kids that all this comes through the gossip grapevine and until a transfer records, it's all just rumor and gossip.

Although most of our sources did not have the nicest things to say about Mister Riordan, by ALL accounts Miz Daly is a lovely, kind, discreet, and philanthropic woman. Your Mama wishes her all the best as she pockets her massive wad of cash and moves on to whatever piece of prime property is in her future.