Oakley founder sells Malibu mansion for record-breaking $210M

Oakley founder James Jannard sold his Malibu mansion for $210 million, breaking the record for highest home sale price ever in California.
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[@currentphonograph7487]

Guess I contributed 2 this man's obscene wealth. I wear Oakley sunglasses 😎

[@YOOWINYOOWIN]

I never bought any Oakley. I still made the contribution towards his wealth. I bought Ray-Ban, Persol, Oliver Peoples, Vogue Eyewear, Arnette, Alain Mikli, Costa, Bliz, Native Eyewear and Bolon. I guess you'll never have any wealth knowing what you only know.

[@seadweller386]

Same here. I got 4 pairs.

[@Palaemon44]

There is a lot of profit to be made when you can sell plastic sunglasses made in China for ten times the cost of manufacturing them.

[@hummingbirdman]

The house itself is only 15,000 square feet, but the land is 9.5 acres of prime malibu real estate.

[@bxrob88]

I remember as a kid I always wanted Oakley sunglasses so bad and eventually owned a few pairs. Haven’t bought a pair since like 2003 though.

[@xelence420]

I only wear Oakleys

[@Yuuiiytrfbh]

It’s not a corporation 🤦🏻‍♂️🤦🏻‍♂️. Delaware is the only state that doesn’t publicly disclose corporate owners. So all you have to do is spend $500 to create a Delaware LLC, and then you can buy whatever you want and the owner is not part of the public record. It’s just a shield for a rich individual. Lol

[@2heavy4udude]

Las Vegas is similar I believe

[@RobustArid379]

Bye California and US

[@mauritiusforextradingschoo3380]

Bought in 2012 for $75 million, sold in 2024 for $210 million yet those celebrities are claiming sea level are rising because you're drinking from a plastic straw.

[@henlohenlo689]

i've been wearing the same pear of oakley glasses for the past 10 to 15 years. still the same set. it lasted all these years, i plan on using this same set another 10 or 15 years if i am alive still. if they crack or something i have a jeweler weld it back together.

[@Tesla_ofthe_Skies]

What was the commission though??

[@scott-gy6fe]

2.6 mil property tax

[@encinobalboa]

$25 million in property tax per year!

[@theinsaneshecklador6598]

Google says Malibu property tax is 1.38%. It also says the tax value of the house can only go up 2% per year. 1.38% of 210 mil is around 2.9 million per year. The previous owner was probably paying less than half of that due to the 2% cap and his 75 mil purchase price.
Still a ton of money any way you slice it.

[@scott-gy6fe]

Thanks, their math skills were low

[@user-er1on9yi9e]

Straight Jackets in Black . Can't always find them Polarized though .

[@Ontothenextdoor]

We will do $100.00 all cash

[@Ontothenextdoor]

Seller financed? Carry the paper and I'll do 300 Mill

[@Rosinsmoke]

lol guess he didn't get the memo that Cali is dying and losing more value every day

[@miguelguinto5343]

Sign of rich bankruptcy!!!!

[@mbc86xl]

*dry clap

[@parislove616]

Decker cyn at pch

[@AMGF815]

I didn't realize it was all the way out there??? So it's probably a corporate retreat. I wouldn't ever choose anything past Point Dume.

[@John-yg3xk]

Probably pays his maid and gardener lousy wages

[@jpadarath27]

Chump change...

[@tomsimpson5317]

Makes me sick I could live ten lifetimes on that money

[@theinsaneshecklador6598]

Ten very luxurious lifetimes with that money.

[@RobustArid379]

Who cares, one person living there, no kids and lgbtq

[@phoenix5054]

An LLC bought this instead of a person? Why do I get a hint of money laundering here?

[@AMGF815]

An LLC is something a lot of wealthy people use. It's there for asset protection, legal tax structure, and most often for privacy. Property records are public data. You can look up the title of any address and see who owns it. A lot of people don't want the world to know but the IRS always gets to know. That young man who won the biggest Powerball jackpot of all time bought a house (and then several more) in the Hollywood Hills. He tried to hide it by buying it through an LLC but it was found to be his because he was found out after some strange guy tried to sue him claiming the winning ticket was really his. After that, the media tracked his every move, every big-ticket purchase.

[@jeffsadon552]

Never liked Oakley grear

[@YOOWINYOOWIN]

You mad, bitter, jealously angry.🤣😁😆

[@SeanD808]

@@YOOWINYOOWIN nope thought it was ugly

[@ericcarson342]

It is kinda douchy looking.

[@Teskatlipoca]

...the huge amount of water used to just maintain the place 💚 green
💨 Prrrrrrt

[@bfranco1519]

Imagine being so self absorbed that you need a place like this to call home. Selling sunglasses…

[@bluesea1110]

Old house not worth

[@gerardoarellano6789]

Just because you, and your entire family living 5 different life times would never afford it 😅