Byron Allen has a lot to celebrate. According to Essence, the media titan has made history as the only Black person to buy a $100 million home. The purchase is the highest by a Black homebuyer.
Allen’s new abode is a modest 11,000-square-foot mansion situated on 3.5 square acres in Malibu, California, The Wall Street Journal reports. In addition to the main four-bedroom house, the property also includes two guesthouses.
As for the amenities? This mansion, which was previously owned by billionaire Tammy Hughes Gustavson, doesn’t have a shortage.
Allen’s Malibu mansion is the latest addition to his roster of homes, including one in Maui, Aspen, New York, and Beverly Hills, Los Angeles magazine reports.
Back in March, he acquired two side-by-side homes in the latter and bought both of them from former eBay president Jeff Skoll. Those buys came almost 10 years after Allen bought a Beverly Hills property for $17 million in 2012.
The 61-year-old got his start as a comedian, Essence reports. After years in the game, he switched careers and founded Entertainment Studios/Allen Media Group — one of the largest privately held media companies in the country.
The company has ownership of The Weather Channel, among others, in its portfolio. Entertainment Studios/Allen Media Group also owns 12 cable networks and around 70 TV shows.
But the last few years haven’t been without hardships for Allen.