Billionaire Byron Allen Makes History With Most Expensive Home Purchase By An African-American in the U.S.

The media mogul has purchased a home in Malibu’s Paradise Cove for $100 million, the neighborhood’s most expensive real estate transaction this year. Malibu’s Paradise Cove neighborhood is getting a new resident: billionaire media mogul Byron Allen. The Los Angeles-based Allen Media Group / Entertainment Studios chairman and CEO, whose company is valued at more than … Read more