The cofounder of the Hard Rock Cafe just sold his mansion on Billionaire's Beach in Malibu for a record-breaking $110 million
Tanza Loudenback/Business Insider
- A home on Billionaire's Beach in Malibu, California, sold for $110 million — the most expensive home sale in Los Angeles County history.
- The cofounder of the Hard Rock Cafe chain sold the beachfront property to a natural gas billionaire.
- Billionaire's Beach is home to several notable residents, including Oracle cofounder Larry Ellison.
Peter Morton, cofounder of the Hard Rock Cafe chain, just set a new, mind-boggling record for Los Angeles real estate.See the rest of the story at Business Insider
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