Billionaire buys 5 beachfront properties in Malibu
Larry Ellison of Oracle Corp. recently purchased five beachfront residential properties in Malibu, at a total value of $65 million. According to real estate sources, he is remodeling at least one of the houses and purchased one of the properties just for its pool. According to Forbes magazine, Ellison, 59, has a net worth of $18 billion.
More Malibu home purchases
Surfer/producer Brian Grazer, who created the production company Imagine Film Entertainment with Ron Howard in the mid-’80s, has purchased a Mediterranean-style house in Malibu for about $15 million.
“Matrix Reloaded” producer Joel Silver has also purchased a Malibu property for about $15 million. The country-style beachfront house was built in the 1930s. Silver, 51, previously lived in a Frank Lloyd Wright-designed home in Hollywood, which he sold for a reported $3.5 million last year.
Landmark environmental education bill to become a law
During a celebration at the Santa Monica Pier Aquarium last Thursday, Gov. Gray Davis signed AB1548, a bill that requires state agencies to develop environmental education principles for elementary and secondary schools. The bill is a result of a year-long fight led by Heal the Bay, in conjunction with National Geographic, Cal-EPA and Assemblymember Fran Pavley (D-Agoura Hills) to incorporate environmental education curriculum into California state schools.
In a show of support for the bill, Malibu residents Pierce and Keely Brosnan attended the signing.
Comedy night to benefit the Buddy Hackett Singita Animal Sanctuary
“The Fifth Annual Night of Comedy” to benefit the Buddy Hackett Singita Animal Sanctuary, founded by the late Buddy Hackett and his wife, Sherry, will take place on Oct. 15 at the El Capitan Theatre in Hollywood. There will be two shows: 7 p.m. and 9:15 p.m. The event will be hosted by Hackett’s son Sandy and featuring comedians such as Jay Mohr, Jeffrey Ross, Bob Goldthwait, Louie Anderson and the best comedians from “Last Comic Standing.”
All proceeds will benefit the sanctuary. Last year, the event rose close to $100,000. This year, with two shows planned, the organization hopes to double those funds.
Call 310.275.1432 for tickets for the first show; for tickets for the second show, call 888.970.7000.
-Cortney Litwin