How did Byron Allen make his money? Net worth and fortune explored as media mogul buys $100 million mansion

Byron Allen has purchased a mansion worth $100 million (Image via Stefanie Keenan/Getty Images)
Byron Allen has purchased a mansion worth $100 million (Image via Stefanie Keenan/Getty Images)

American businessman Byron Allen is currently trending online after purchasing an 11,000-square-foot Malibu mansion for $100 million.

Allen's newly purchased mansion has four bedrooms and two guest houses, as well as a home theatre, tennis court, gym, and yoga studio. The Pacific Ocean directly in front of the house adds to its opulence.

The house's standard amenities include a fireplace, custom walk-in closets, and a private terrace. If Byron does not want to walk to the beach, he has the option of taking the golf cart.

Byron purchased the property from the co-founders of Public Storage. His next-door neighbor, Jan Koum, the co-founder of WhatsApp. The property was listed by Jade Mills of Coldwell Banker Realty.


Byron Allen’s net worth explored

Byron Allen accumulated a lot of wealth from his career in the entertainment industry and as a businessman (Image via Getty Images)
Byron Allen accumulated a lot of wealth from his career in the entertainment industry and as a businessman (Image via Getty Images)

Byron Allen is a well-known businessman, comedian, television producer, and philanthropist. He is the head of the media company Entertainment Studios.

According to CelebrityNetWorth, the 61-year-old’s net worth is estimated to be around $800 million. Allen's business ventures have been his primary source of income besides his work in the entertainment industry.

Allen's company announced in 2018 that it would acquire The Weather Channel for $300 million, excluding online assets such as Weather.com and apps that had already been sold to IBM. In 2020, Allen finalized a $300 million deal with USA Television to acquire 11 broadcast television stations.

youtube-cover

In 2020, Byron Allen partnered with Sinclair Broadcast Group to purchase 21 regional sports networks from Walt Disney/Fox for $10.6 billion. He also paid $165 million for Bayou City Broadcasting, which owns four radio stations. He then invested $500 million in network affiliates in 2020 and planned to spend around $10 billion on acquisitions over the next few years.

Allen's company also paid $11 million for the Black News Channel television network in July of this year.


Houses owned by Byron Allen

In 2018, Byron Allen paid 422.8 million for an oceanfront estate on Maui. The estate has 7,300 square feet of living space and five bedrooms - an elevator, a 500-bottle wine cellar, an open-air spa, a swimming pool, a three-car garage, and 1,700 square feet of lanais.

youtube-cover

Allen then purchased a Beverly Hills mansion for $20 million in 2019. It has 11,266 square feet of living space, eight bedrooms, and is built on more than one-third of an acre of land. The same year, he paid $26.75 million for a 3,000-square-foot apartment at 220 Central Park South.

He also paid $27 million for a mansion in Aspen, Colorado, in 2020. The 9,000-square-foot mansion, which was previously owned by a Mexican businesswoman, was originally listed for $35 million and features a view of the surrounding mountains, an outdoor pool, glass walls, and a second-story terrace.

Edited by Vinay Agrawal