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Courtesy of Joshua & Co.
By Juliet Chung of The Wall Street Journal
Music-industry veteran Tommy Mottola is asking $27.5 million for his 324-acre ranch near Aspen, Colo.
The former chairman and chief executive of Sony Music Entertainment—who has worked with artists including Bruce Springsteen, his former wife Mariah Carey and Billy Joel—bought the property for $14.7 million in 2003. With a child starting school and other homes in Palm Beach, Greenwich, Conn., and New York, Mr. Mottola says he's selling because he's spending less time on the ranch these days.
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