Microsoft Corp. co-founder Paul Allen has bought a contemporary oceanfront home in Malibu, Calif., through a corporation, for more than $25 million.
The modular, white stucco-and-glass house is on Carbon Beach, the “Billionaire’s Beach” where Hollywood moguls David Geffen and Jeffrey Katzenberg are owners.
The roughly 5,800-square-foot home, listed for $29.5 million, has five bedrooms, a deck with a pool, a gym and a screening room, according to the listing.
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