In recent years, Beanie Babies mogul Ty Warner has bought up and renovated classic Montecito resorts, including the Four Seasons Biltmore, the San Ysidro Ranch (where the Kennedys honeymooned in the hills in 1953) and the Montecito Country Club.
Martha Groves, on the seemingly always-booming Montecito real estate market, where Google’s Eric Schmidt bought a $20 million mansion from Ellen DeGeneres in late 2008
Sidenote: $5 to anyone who can show me evidence of the words “beanie” and “mogul” being used together anytime between 1920 and the writing of this piece in 2008.
TrojanWire 
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