Byron Allen, the CEO of the American entertainment company Entertainment Studios, paid $100 million for a Malibu home.
Byron is also a comedian, television producer, and philanthropist
With this purchase, he adds to his trophy homes in Aspen, NY, Maui and Beverly Hills.
The house was formerly owned by a self-storage heiress, Tammy Hughes Gustavson
Byron's company also owns the Weather Channel
His firm controls close to 30 ABC, NBC, CBS, and Fox affiliates nationwide in addition to 12 cable networks, about 70 television series, and other properties.
The mansion was built in 2000 on a 3.5 acre land and is a 11,000-square-foot compound