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Canadian Billionaire Daryl Katz Buys Malibu Beachfront Mansion for $120 million

Canadian Billionaire Daryl Katz Buys Malibu Beachfront Mansion for $120 million

Canadian Billionaire Daryl Katz has bought a Malibu beachfront mansion for $120 million.  The price paid is a record for a real estate in Los Angeles in California, United States.  The mansion sits on six acres of land, with seven bedrooms, 10 bathrooms, a screening room and a gym.  The previous record in Malibu was $85 million set in May 2017.  Malibu is a beach city in Los Angeles.

” Canadian Billionaire Daryl Katz Buys Malibu Beachfront Mansion for Record $120 million “

Darly Katz, a billionaire and Canadian, is the founder and chairman of the Katz Group of Companies, one of Canada’s leading privately owned enterprises, with operations in sports & entertainment, real estate, and public and private investment.  He was born in 1961 in Edmonton, Alberta in Canada and had graduated from University of Alberta.  He is estimated to have a personal net worth of almost $3 billion and is the owner of the Edmonton Oilers ice hockey professional team in Edmonton, Alberta in Canada.

Sources: Daily Mail, Mansion Global

 

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