A Tech Billionaire Dropped $12 Million on a Malibu Estate With Nearly 200 Feet of Beach Frontage

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Sited in the far western reaches of Malibu, the two-parcel compound spans some 1.5 acres of oceanfront land.

In a beach town where home prices have topped $170 million on more than one occasion, It’s rare to find 1.5 acres of contiguous oceanfront land available to buy at an affordable price. But Jeff T. Green, the tech investor who was at one point Utah’s richest man, has indeed done just that.

Green—who sports a net worth of $4.6 billion, per Forbes—actually closed on the two-parcel estate at the tail end of 2022, although the transactions were not reported at that time. Since then, he has not moved into his new beachfront estate; the existing house, a large but dated modern-style structure built in the early 1990s, appears to be undergoing a big renovation.

 

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