The deal represents the most ever paid for a home by an African-American buyer in the U.S. and is one of the highest prices paid for a U.S. home this year
Billionaire media mogul Byron Allen has paid $100 million for a Malibu estate formerly owned by self-storage billionaire Tammy Hughes Gustavson, according to a person familiar with the situation. .
The roughly 11,000-square-foot compound, built around 2000 and located in the sought-after Paradise Cove enclave, has been on the market since May, when it was listed for $127.5 million,
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