After $100 Million Malibu Purchase, WhatsApp Co-founder Jan Koum Pays $87 Million for the Home Next Door
February 17 2021 - 3:05PM
Dow Jones News
By Katherine Clarke
Jan Koum, the co-founder of WhatsApp, is paying $87 million for
a Malibu, Calif. mansion right next door to one he already owns,
according to two people familiar with the deal.
The transaction is the latest big-ticket deal for Mr. Koum in
the Los Angeles area. In 2019 he purchased the neighboring Malibu
property from entertainment executive Ron Meyer for $100 million.
Then last year Mr. Koum spent $125 million for the Beverly Hills
estate of Quibi founder Jeffrey Katzenberg.
The seller in the latest transaction is Diana Jenkins, a
Bosnia-born entrepreneur and philanthropist. Ms. Jenkins, founder
of health-drinks company Neuro Drinks, was previously married to
British financier Roger Jenkins. Her home came on the market last
May for $125 million, The Wall Street Journal reported. It is on
Malibu's Paradise Cove, and its prior owners include Barry Diller
and the late country singer Kenny Rogers.
Sitting on a cliff top, the property has its own funicular
leading down to the ocean (Mr. Rogers was slapped with a $2 million
fine by local authorities for installing it.). On nearly 3 acres,
it includes a single-story, five-bedroom house with vaulted
ceilings, herringbone floors and floor-to-ceiling windows that open
onto the gardens. It also has a dance studio and a recording
studio. On the grounds, there is a three-bedroom guesthouse, a
swimming pool, a waterfall and koi pond, a sports court and a guard
house.
The funicular leads an oceanfront cabana, which has retractable
ceilings, a wet bar, a built-in barbecue and fire pit.
Mr. Koum, 44 helped launch WhatsApp, an internet messaging
service, in 2009. Following the service's acquisition by Facebook
in 2014, he remained as a Facebook director for several years
before stepping down in 2018. The Bloomberg Billionaires Index pegs
his net worth at $12.5 billion.
Chris Cortazzo of Compass has the listing. The buyer was
represented by Kurt Rappaport of Westside Estate Agency.
Write to Katherine Clarke at Katherine.Clarke@wsj.com
(END) Dow Jones Newswires
February 17, 2021 14:50 ET (19:50 GMT)
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