Byron Allen, an American businessman, is trending online after paying $100 million for an 11,000-square-foot property in Malibu. Allen’s newly acquired property has four bedrooms, two guest houses, a home theater, a tennis court, a gym and a yoga studio. The presence of the Pacific Ocean right in front of the mansion added to its magnificence. Fireplaces, custom walk-in wardrobes and private patios are among the basic features of the home. If Byron doesn’t want to walk to the beach, he can use a golf cart. Byron purchased the land from the co-founders of Public Storage. Jan Koum, the co-founder of WhatsApp, lives next door. Jade Mills of Coldwell Banker Realty listed this property.
Byron Allen’s Net Worth
Byron Allen is an entrepreneur, comedian, television producer and philanthropist. He is the CEO of Entertainment Studios, a media company. CelebrityNetWorth estimates the 61-year-old’s net worth at around $800 million as of April 2023. Aside from his work in entertainment, Allen’s business pursuits are his main source of income. Allen’s business announced in 2018 that it would pay $300 million for The Weather Channel, excluding internet properties like Weather.com and apps that were previously sold to IBM. Allen completed a $300 million contract with U.S. Television to purchase 11 broadcast television stations in 2020.
Byron Allen and Sinclair Broadcast Group will pay $10.6 billion to Walt Disney/Fox to purchase 21 regional sports networks in 2020. In addition, he will spend $165 million to acquire Bayou City Broadcasting, the company operates four radio stations. In 2020, he expects to invest $500 million in network affiliates and spend about $10 billion on acquisitions over the next 4 years. In July this year, Allen’s business also spent $ 11 million on the Black News Channel television network.
Byron Allen’s Residence
Byron Allen spent $422.8 million on a beachfront property in Maui in 2018. The home features an elevator, 500-bottle wine cellar, outdoor spa, swimming pool, three-car garage and patio 1,700 square feet in addition to 7,300 square feet of living space and five bedrooms.
Allen then paid $20 million for a Beverly Hills home in 2019. It offers 11,266 square feet of living space, eight bedrooms, and sits on more than a third of an acre. He spent $26.75 million on a 3,000-square-foot condo at 220 Central Park South that same year. In 2020, he also spent $27 million on a home in Aspen, Colorado. The 9,000-square-foot property was previously owned by a Mexican businessman and offers views of the surrounding mountains, an outdoor pool, glass walls, and a second-floor patio.
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