African American Billionaire Byron Allen Creates History, Bought $100 Million Home in Malibu's Paradise Cove.

he is the first African American person to have bought a $100 million home in the US.

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Byron Allen, chairman of The Los Angeles-based media entertainment company, is valued at approximately $4.5 billion.

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The specialty of this house is that it is spread over 3.6 acres and has 8 bedrooms and 12 bathrooms.

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Malibu's Paradise Cove is the home of WhatsApp co-founder Jan Koum, which was bought for $190 million.

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This new Byron Allen property was launched on the market in May and was priced at $127.5 million

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Public Storage heiress and billionaire Tammy Hughes Gustavson, the owner of this house and its seller, has sold this third expensive house in California

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This grand Mediterranean style home also has a guest house movie theater and tennis court, this house also houses yoga and gym.

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Apart from all this, Allen has also bought the rights of ABC, NBC, CBS and Fox Network Affiliate Broadcast in his company.

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Allen has also invested in other real estate which is located in New York California City.

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