Ron Meyer, the vice chairman of NBCUniversal, has sold his Malibu beach house for approximately $100 million in one of the largest residential transactions ever completed in California, according to The Wall Street Journal.
The new owner is not named, but rumored to be a tech billionaire from Northern California’s Silicon Valley. Media outlets are reporting it is Jan Koum, the Ukrainian-born co-founder of WhatsApp, an international messaging service founded in 2009 that was later sold to Facebook in 2014 for $19 billion.
The oceanfront mansion spans nearly 14,000 square feet with five bedrooms and 7.5 baths on three acres. The modernist estate also features a formal gated entry, a long driveway, a pool, a tennis court and several massive lawns.
The sale is currently in escrow.
Meyer placed the compound on the market last year with a $125 million listing.
The sale tops Peter Morton’s , co-founder of the Hard Rock Cafe chain, $110 million sale of his home on Billionaire’s Row in 2018. The restaurateur sold his beachfront Malibu home to natural gas billionaire Michael S. Smith.