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Billionaire Ron Burkle fetches $19.99M for his beachfront Malibu home

California Post·Jennifer Gould·27 days ago
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Billionaire supermarket mogul Ron Burkle has sold his Malibu beach house for $19.99 million — its full asking price. That’s a hefty profit over the $13.5 million that he paid for it in 2022. The historic beach house, at 23708 Malibu Colony, was built in 1928. It first hit the market in January — with listing broker Branden Williams of the Beverly Hills Estates. Safir Shamsi, of Rodeo Realty, brought the buyer. Ron Burkle. Getty Images The residence stands mighty on the Malibu beachfront. Mike Kelley The design is Tudor in its style. Mike Kelley Burkle was famously known for jet-setting around with presidential pal Bill Clinton. He is also the controlling shareholder and executive chairman of Soho House. The son of a grocer, Burkle is now estimated to be worth $3.9 billion, according to Forbes. His high-profile real estate holdings include the Michael Jackson estate known as the Neverland Ranch. This Malibu Tudor-style beach house comes with 37.5 feet of beach. The interior fills with light.…

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