Home News Byron Allen Bought a $100 Million Malibu House – DIRT

Byron Allen Bought a $100 Million Malibu House – DIRT

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Back in the early 1990s, Byron Allen sat down at his dining room table to start a media company all by himself, with no other investors. Thirty years later, the former comedian is chairman and CEO of Los Angeles-based . Allen Media Group/Entertainment Studiois the largest privately held media company in the United States, with a reported valuation of well over $4.5 billion, and luxurious offices in New York, Chicago, Atlanta and Charleston, South Carolina.

In addition to owning a number of ABC, NBC, CBS, and FOX Networks affiliated broadcast television stations, Allen also has nearly 220 million subscribers and various streaming platforms (The Weather Channel, HBCU Go, Sports.TV ) also claims ownership of multiple 24-hour HD TV networks. Comedy.TV and Local Now, to name a few, are premier broadcast syndicates for television broadcasters.He is one of the largest independent producers/distributors of his TV programming.

Such success gave Allen the opportunity to indulge his passion. The 61-year-old Detroit native recently made a bid for $4.5 billion. NFL’s Denver Broncos, and advanced to the second round before losing out to a group led by Walmart heir Rob Walton. He also loves real estate and has a private property portfolio that includes his $500+ million luxury homes in areas such as New York, Aspen, Maui and Los Angeles. house next door One of Beverly Hills’ most desirable neighborhood pockets totaling $32 million.

Allen’s latest acquisition? Billionaire Public Heir to His Storage, Tammy Hughes, Gustafson Previously Owned Luxurious Malibu Vacation in His $100 Million Purchase of His Home – African American Buyer to US The highest ever paid for a home in wall street journalfirst reported a sale.

The deal is also Malibu’s most expensive housing deal this year. Kim Kardashian’s $70.4 million purchase The sale of the former seaside mansion built by Cindy Crawford and Rande Gerber last month in Encinal Bluffs, the third most expensive home sale in California in 2022, sold at auction for $120 million. It’s second only to the million-dollar Holmby Hills deal and Bel Air’s infamous “The One” mansion. $126 million.

Originally listed for $127.5 million, Allen slashed the price of the property. But the sale price is more than the roughly $20 million paid by Gustafson’s late father B. Wayne Hughes, who co-founded Public Storage in 1972 and was a USC life director who died in August 2021 at the age of 87. Much higher. 2003.

Affectionately known as ‘Billionaire Bluff’, the expansive property at the summit, spread over nearly 4 acres overlooking Paradise Cove Beach and faces over 200 feet of ocean, is owned by WhatsApp co. It is located just south of the approximately $190 million site. – Founder Jan Koum. Completed in 2001, the property includes his 8 bedroom and 12 bath Mediterranean-style main his house and his two guesthouses spread over approximately 11,000 square feet, with walls of glass and expansive The terrace offers sweeping views of the coastline and sea.

Jade Mills Coldwell Banker Realty has gone public. Terence Hill of BT Equities represented the buyer.

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