Byron Allen Makes History With Most Expensive Home Purchase

The Paradise Cove neighborhood in Malibu welcomes a new resident

President and CEO of Los Angeles-based Allen Media Group

a company valued at more than $4.

5 billion and the largest privately held media company in the United States

the highest amount ever paid to an African -American buyer in the United States.

highest amount ever paid to an African -American buyer in the United States.

The 10,698 square foot home sits on 3.