Billionaire Sheldon Adelson Pays $16.9M for Ninth Home at Celeb Hotspot Malibu Colony

Published: March 26, 2020 | By: American Luxury Staff

Last October, billionaire Sheldon Adelson purchased yet another piece of the Malibu Colony, spending $14.7 million on a French-inspired 4,000-square-footer that expanded his footprint in the desirable celebrity enclave just a little bit more; he’s lived in the neighborhood for two decades, amassing an ever-growing portfolio of residences that has accumulated steadily with the years.

But when it comes to Colony acquisitions, Adelson didn’t remain in a latency period for very long, and March of 2020 found the savvy investor active once again. His latest purchase is his ninth in the area. The transaction was conducted quietly, and reported by Variety.

The 4,700-square-foot house boasts is located in a particularly fine stretch of Malibu and boasts breathtaking views.

Adelson’s net worth is around $30 billion.

Photo credit: Google Maps

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