Byron Allen Is The First African American To Buy A $100m Home In The US
Byron Allen has made history as the first African American to spend the most money on a home in the US.
Media mogul Byron Allen has made history as the first African American to spend the most money on a home in the United States. The previous record was held by Beyonce and Jay-Z, who bought an $88 million compound in Bel-Air in 2017.
Byron Allen reportedly spent $100 million for a 10,698 square-foot property with eight bedrooms and 12 baths that sits on 3.6 acres above the ocean.
The Mansion contains two guesthouses, a tennis court, and a movie theater. A gym and a yoga studio are both located in one of the guest houses. The main suite also features a private balcony, fireplace, bathtub, and walk-in closets that are made to order.
The Mediterranean-style home was sold for the third-highest price in California’s real estate market this year and for the highest price in Malibu overall in 2022.
The property, which was built in 1991, was formerly owned by Public Storage heiress and billionaire Tammy Hughes Gustavson. According to the Wall Street Journal, Gustavson’s late father, B Wayne Hughes, once bought the property for around $ 20 million in 2003.
The house is next to one owned by Jan Koum, the co-founder of WhatsApp, and valued at about $190 million, according to Mail Online. In addition to Koum, Allen also shares a building with actors Halle Berry, Kim Kardashian, and Marc Andreessen, a venture entrepreneur.
More Properties Owned By Byron Allen
Allen, a native of Detroit, owns a sizable real estate portfolio. He has expensive homes worth $500 million total in Los Angeles, New York, Aspen, and Maui. He also owns two Beverly Hills residences with a total value of $32 million.
Through his media and Entertainment Company, the multibillionaire TV magnate controls broadcast TV stations that are affiliated with the ABC, NBC, CBS, and FOX networks. Additionally, he is the owner of several streaming services and 24-hour HD TV networks, including The Weather Channel, HBCU Go, and Sports.TV, Comedy.TV, and Local Now.
