The clifftop property includes a funicular down to the ocean that was built by late country singer Kenny Rogers.
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Jan Koum, the co-founder of WhatsApp, is paying approx. $109 million for a Malibu, Calif. mansion right next door to one he already owns, according to two people familiar with the deal.
The transaction is the latest big-ticket deal for Mr Koum in the Los Angeles area. In 2019 he purchased the neighbouring Malibu property from entertainment executive Ron Meyer for around $126 million. Then last year Mr Koum spent approx. $157 million for the Beverly Hills estate of Quibi founder Jeffrey Katzenberg.
The seller in the latest transaction is Diana Jenkins, a Bosnia-born entrepreneur and philanthropist. Ms Jenkins, founder of health-drinks company Neuro Drinks, was previously married to British financier Roger Jenkins. Her home came on the market last May for US$125 million, The Wall Street Journal reported. It is on Malibu’s Paradise Cove, and its prior owners include Barry Diller and the late country singer Kenny Rogers.
Sitting on a cliff top, the property has its own funicular leading down to the ocean (Mr Rogers was slapped with a US$2 million fine by local authorities for installing it.). On nearly 3 acres, it includes a single-story, five-bedroom house with vaulted ceilings, herringbone floors and floor-to-ceiling windows that open onto the gardens. It also has a dance studio and a recording studio. On the grounds, there is a three-bedroom guesthouse, a swimming pool, a waterfall and koi pond, a sports court and a guard house.
The funicular leads an oceanfront cabana, which has retractable ceilings, a wet bar, a built-in barbecue and fire pit.
Mr Koum, 44 helped launch WhatsApp, an internet messaging service, in 2009. Following the service’s acquisition by Facebook in 2014, he remained as a Facebook director for several years before stepping down in 2018. The Bloomberg Billionaires Index pegs his net worth at $15.7 billion.
Chris Cortazzo of Compass has the listing. The buyer was represented by Kurt Rappaport of Westside Estate Agency.
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The desert residence belonged to the singer, who also served as mayor of the California city, for more than a decade.
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Sonny Bono’s former estate, a piece of local history in Palm Springs, California, has come up for sale.
The desert residence, on the market for $7.49 million, was home to the singer, songwriter, congressman and Palm Springs mayor from 1986 until his death in 1998, records show.
“Opportunities like this simply do not come around often,” said listing agent Louise Hampton with Berkshire Hathaway HomeServices California, who brought the home to the market last month.
“A hillside estate of this size, with this level of privacy and this historical connection stands among the most compelling offerings in today’s desert market.”
Bono was perhaps most famously the other half of singing duo Sonny & Cher, but also served as the mayor of Palm Springs from 1988 to 1992, and as the U.S. representative for California’s 44th district from 1995 until he died in a skiing accident in 1998 at the age of 62.
Located in the city’s Mesa neighbourhood on a hillside parcel, the colourful seven-bedroom property combines Mid-Century Modern design with Italian influences across its almost 9,000 square feet and multiple structures.
The house last changed hands in 2021 for $4.35 million. The sellers couldn’t be reached for comment.
There’s a great room, a formal dining area with a rock fireplace, a chef’s kitchen with two wine fridges.
The seven bedrooms include a primary suite with a walk-in closet and a “spa-style” bathroom with a soaking tub and steam shower, according to the listing. Several of the home’s guest suites include private patios or separate entrances.
Outside, there are lawns, olive trees, date palms and cacti alongside terraces, a new travertine pool deck, a pool, a tennis court and an oversize motor court with space for more than a dozen vehicles.
