Billionaire Investor Ron Burkle Unloads Malibu Beachfront Property for $19.99 Million. In a move that reflects the ongoing strength of the luxury real estate market, Ron Burkle, a prominent investor and owner of the Pittsburgh Penguins, has successfully sold his stunning Malibu beach house for its full asking price of $19.99 million. The sale marks a significant achievement for Burkle, who has been a fixture in the world of high-end real estate for years. Located in one of Malibu's most desirable neighborhoods, the beachfront property boasts breathtaking ocean views, expansive living spaces, and a prime location that's highly sought after by celebrities and business moguls alike. With the sale of his Malibu property, Burkle will likely look to capitalize on the current market trends, potentially setting his sights on other lucrative real estate investments.
Ron Burkle has sold his Malibu beach house for $19.99 million -- its full asking price.
