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Malibu’s Paradise Cove neighborhood is getting a new resident: billionaire media mogul Byron Allen.
The Los Angeles-based Allen Media Group / Entertainment Studios chairman and CEO, whose company is valued at more than 4.5 billion and is the largest privately held media company in the United States, reportedly paid 100 million — the most ever for an African-American buyer in the U.S. The 10,698 square foot home sits on 3.6 acres above the beach and boasts eight bedrooms and 12 bathrooms.
Allen will now call WhatsApp co-founder Jan Koum, who owns a nearby 190 million compound on the bluff, a neighbor. Allen’s new property has been on the market since May and was initially listed for 127.5 million, The Wall Street Journal reported.
The sale of this home, which was formerly owned by Public Storage heiress and billionaire Tammy Hughes Gustavson, officially clocks in as the third most expensive...
Malibu’s Paradise Cove neighborhood is getting a new resident: billionaire media mogul Byron Allen.
The Los Angeles-based Allen Media Group / Entertainment Studios chairman and CEO, whose company is valued at more than 4.5 billion and is the largest privately held media company in the United States, reportedly paid 100 million — the most ever for an African-American buyer in the U.S. The 10,698 square foot home sits on 3.6 acres above the beach and boasts eight bedrooms and 12 bathrooms.
Allen will now call WhatsApp co-founder Jan Koum, who owns a nearby 190 million compound on the bluff, a neighbor. Allen’s new property has been on the market since May and was initially listed for 127.5 million, The Wall Street Journal reported.
The sale of this home, which was formerly owned by Public Storage heiress and billionaire Tammy Hughes Gustavson, officially clocks in as the third most expensive...
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