Oakley Founder Sets California Real Estate Record with $210 Million Sale of Most Expensive Home

Jun 19, 2024, 02:00 PM

James Jannard, the founder of Oakley, has set a new real estate record in California by selling his Malibu mansion for $210 million. This sale surpasses the previous record held by Beyoncé and Jay-Z, who had purchased a property for $200 million. The $210 million transaction marks the most expensive home sale in California's history. Jannard initially bought the property in 2021 for $75 million, resulting in a $135 million profit over three years. This sale is also the most expensive home ever sold in the state.