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Byron Allen Buys $100M Home, The Most Any African American Has Ever Spent On A Home In U.S.


Byron Allen, a media mogul, has made history by becoming the first African American to spend the most money on a home in the United States. Beyonce and Jay-Z set the previous record when they purchased a $88 million compound in Bel-Air in 2017.

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The 61-year-old is said to have paid $100 million for a 10,698-square-foot home on 3.6 acres above the beach, with eight bedrooms and 12 bathrooms.

There is a movie theater, a tennis court, and two guesthouses at the mansion. One of the guest houses also functions as a gym and yoga studio. The main suite also has a fireplace, bathroom, custom walk-in closets, and a private terrace.

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The Mediterranean-style home is the third most expensive sale in California’s real estate market this year, and the most expensive in Malibu in 2022.


Tammy Hughes Gustavson, heiress to Public Storage and billionaire, previously owned the property, which was built in 1991. According to the Wall Street Journal, Gustavson’s late father, B Wayne Hughes, purchased the property in 2003 for around $ 20 million.

According to Mail Online, the property is directly adjacent to that of WhatsApp co-founder Jan Koum, which is valued at approximately $190 million. Allen’s neighbors include actress Halle Berry, Kim Kardashian, and venture capitalist Marc Andreessen, in addition to Koum.

Allen, a native of Detroit, has a sizable real estate portfolio. He reportedly owns luxury residences worth $500 million in Los Angeles, New York, Aspen, and Maui. He also owns two Beverly Hills homes worth a total of $32 million.

The billionaire TV mogul owns ABC, NBC, CBS and FOX network affiliate broadcast TV stations through his media and entertainment company. He also owns 24-hour HD TV networks and various streaming platforms, like The Weather Channel, HBCU Go, Sports.TV., Comedy.TV and Local Now.



Written by How Africa News

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