Billionaire Paul Merage lists Newport Coast mansion for $40M

Frozen foods billionaire Paul Merage has put his 11,000-square-foot mansion in Newport Beach’s Newport Coast on the market for $40 million. The inventor of Hot Pockets, who now heads locally based MIG Capital, listed the six-bedroom, 10-bathroom house at 9 Sailcrest, in the gated Pelican Crest, the Orange County Register reported. The two-story Mediterranean-style mansion, […]This article originally appeared on The Real Deal. Click here to read the full story.