581-ingleside-house

Less than a year after being fired as the CEO of Groupon, Andrew Mason has sold his lakefront home in Evanston for just over $4 million.

Mason, who graduated from Northwestern University’s School of Music in 2003, moved to San Francisco last Spring and released an album of motivational rock music last summer.

As the founder and CEO of Groupon, the daily deals website, his worth, on paper, topped $1 billion as the company soared after an initial public offering. But the stock tanked as problems, partly attributed to his management, emerged, and his fortune had shrunk to about $200 million by the time he left the company.

County records show that the five bedroom home at 581 Ingleside Park sold for $4.07 million, a decent gain from the $3.8 million Mason paid in August 2012 to buy it from Benton Foundation CEO and chairman Charles Benton and his wife, Marjorie.

Take a tour of the home with YoChicago.

The Chicago Tribune, which first reported the sale, identifies the buyer, Bruce Gelman, as a partner with a Chicago law firm.

Bill Smith is the editor and publisher of Evanston Now.

Leave a comment

The goal of our comment policy is to make the comments section a vibrant yet civil space. Treat each other with respect — even the people you disagree with. Whenever possible, provide links to credible documentary evidence to back up your factual claims.

Your email address will not be published.