Oakley founder James Jannard has set a new record by selling his Malibu home for a whopping $210 million. The billionaire sold the property to a buyer shrouded by Delaware LLC, surpassing the record set by Jay-Z and Beyoncé, who paid $200 million for a concrete compound in Malibu last year. The eyewear mogul had purchased it in 2012 for $75 million, and the sale helped him pocket a cool $135 million.
The oceanfront home, a true testament to luxury and exclusivity, boasts 300 feet of oceanfrontage near El Pescador State Beach, nestled on 9.5 acres. The opulent home, a Palladio-style mansion spanning 15,000 square feet, is a masterpiece built by Ferguson & Shamamian Architects. It features eight bedrooms and 14 bathrooms, each designed with the utmost attention to detail. The interiors, designed by the renowned Michael S. Smith, are a blend of elegance and comfort, a style he showcased in the remodeled Oval Office at the White House.
The interiors look spectacular, featuring ornate columns, beamed ceilings, and steel-and-glass windows. The outdoors are equally charming, with a vast courtyard and garden. A flat lawn at the back of the home adds patches of green to the space, juxtaposed with a swimming pool. The home also features a well-equipped gym and a string of guesthouses.
Who is James Jannard?
The billionaire, worth $1.3 billion, is a dog lover, college dropout, motorcycle enthusiast, and tycoon who founded Oakley in his car in 1975. He named the company after his English Setter, Oakley Anne. So passionate was this dog owner that his decision to drop out of college in the 1960s came after a tiff with professors over bringing his dog to class. Twenty years later, the American took Oakley public in 1995. By 2007, Oakley was sold to Luxottica for $2.1 billion in cash. Jannard then moved on with Red Digital, a firm dedicated to building high-resolution cameras. The fantastic equipment was used in blockbusters like “Avatar” and “The Hobbit.” The 75-year-old businessman sold this business to Nikon in March 2024.
