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WHATSAPP CO-FOUNDER DROPS $87M ON MALIBU MANSION


JAN KOUM’S LATEST PURCHASE FOLLOWS $100M HE SPENT IN 2019 ON ESTATE NEXT DOOR

Los Angeles /
Feb.February 18, 2021 09:15 AM
TRD Staff
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Jan Koum and Diana Jenkins with 27560 Pacific Coast Highway (Getty, Google Maps)

WhatsApp co-founder Jan Koum’s message to Malibu is clear. He’s all in on the
oceanside enclave.

The billionaire is buying a three-acre cliffside property for $87 million, which
happens to be next door to the Paradise Cove estate he paid $100 million for in
2019, according to the Wall Street Journal.



The latest property at 27560 Pacific Coast Highway hit the market in May, asking
$125 million. The five-bedroom mansion overlooks the Pacific Ocean, and includes
a private funicular down to the beach. The home was once owned by the late
country singer Kenny Rogers, who built the rail car system and was fined by the
city $2 million. There is also a three-bedroom guesthouse, a pool, sports court,
and koi pond.



The seller is Diana Jenkins, founder of Neuro Drinks and former wife of British
banker Roger Jenkins.

If the deal goes through, Koum will have spent more than $300 million on Los
Angeles-area real estate in just three deals over an 18-month period. His latest
acquisition is the smallest of those deals, despite its high eight-figure price
tag.

In addition to the $100 million he paid NBC Universal executive Ron Meyer for
the property next door in August 2019, Koum bought Jeffrey Katzenberg’s Beverly
Hills estate for around $125 million almost exactly a year later. That marked
the second-priciest deal in L.A. in 2020, behind Jeff Bezos’ $165 million
purchase of 1801 Angelo Drive.



Malibu was the hottest residential market in the L.A. area last year, and that
streak has continued in the new year. In the fourth quarter, median sales prices
were up 71 percent. About 31 percent more homes traded in Q4 2020 compared to
the same period the year before. [WSJ] — Dennis Lynch 

--------------------------------------------------------------------------------

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