Extremely Wealthy
Hard times on billionaire’s beach
The thin strip of oceanfront in Malibu known as “Billionaire’s Beach” was supposed to be immune from the housing crisis. Surfside playground to the likes of Paul Allen, Larry Ellison and David Geffen, Billionaire’s Beach was not a place where homeowners ever “had” to sell. They were too rich. And…
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Click here to read the full story: The Wall Street Journal