The media mogul has purchased a home in Malibu's Paradise Cove for $100 million, the neighborhood's most expensive real estate transaction this year.
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. Thesits 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,
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hummer hones in on Malibu, magnates, memories and more for EV launchU.S. automotive brand Hummer is signaling a sharp departure from the image of excess that carried its brand and the zeitgeist through decades past, in pursuit of the planet.
Read more »
Eileen Ryan, Veteran Actress and Sean Penn’s Mother, Dead at 94Eileen Ryan, veteran Broadway, film and TV actress and mother to Sean Penn, died on Sunday at the age of 94.
Read more »
TV and film actor Eileen Ryan, Sean Penn's mother, diesMALIBU, Calif. (AP) — Eileen Ryan, an actor who appeared on TV, in films and on Broadway and the matriarch of the steeped-in-the-arts Penn family, has died. She was 94. Ryan, who was the mother of actors Sean Penn and Christopher Penn and musician Michael Penn, died at her home in Malibu, California, on Sunday, according to family spokesperson Mara Buxbaum.
Read more »
Billie Eilish Receives Environmental Award Despite Family Owning Multiple Properties, Including Horse Ranch, and Malibu Beach HouseBillie Eilish was honored alongside her mother, Maggie Baird, over the weekend at the 2022 Environmental Media Association Awards Gala in Los Angeles for their work with the family's environmental non-profit organization. But noticeably missing from the accolades is the fact that the mega-pop star's carbon footprint is far bigger than most thanks to her and her family's multiple properties, which include a horse ranch in Glendale and a Malibu beach house.
Read more »
Graham Nash talks new tour, Joni Mitchell, and Crosby, Stills, Nash & YoungThe singer-songwriter comes to Southern California to play the Smothers Theatre in Malibu on Friday, Oct. 14
Read more »