Robert F. Smith Asks $24.5 Million for Malibu Beach House

variety.com
2 min read
fairly difficult
It's perhaps no surprise that Robert F. Smith, the Colorado-born private equity multibillionaire, has decided to sell one of his two lavish Malibu homes. Just a few days ago, news broke that the 57-year-old Columbia Business School alum paid $48.2 million to Rockstar energy drink founder Russ Weiner for a lavish Palm Beach estate originally […]
It's perhaps no surprise that Robert F. Smith, the Colorado-born private equity multibillionaire, has decided to sell one of his two lavish Malibu homes. Just a few days ago, news broke that the 57-year-old Columbia Business School alum paid $48.2 million to Rockstar energy drink founder Russ Weiner for a lavish Palm Beach estate originally built by Elin Nordegren, Tiger Woods' ex-wife. And last month, Smith pled guilty and agreed to pay $140 million to settle a four-year criminal tax probe that accused him of deliberately evading taxes by concealing hundreds of millions in offshore accounts.

Smith and his wife Hope Dworaczyk, a former Playboy Playmate, purchased the Malibu property in 2018 for $18.7 million. But they never actually moved into the house; instead, it was used as a short-term, Airbnb-style rental for private parties and quick stays.

Located on…
James McClain
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