Now We Know Who Dropped A Record $75 Million On Howard Marks' Malibu Estate

Last week, we learned that legendary investment manager and Oaktree Capital chairman Howard Marks had sold his 9.5-acre estate in Malibu for $75 million, a record price for the beachfront city. At the time, it was reported that an unnamed Russian billionaire couple had picked up the estate, which had been quietly shopped around for $125 million. Now, celebrity real estate blogger The Real Estalker says that the buyer was actually James Jannard, founder of eyeglass and apparel maker Oakley Inc., ...