That same year, he teamed up with Israeli-American billionaire HaimSaban to buy a 30% stake in media company Bezeq, which the Israeli government was selling.
Extending about a mile and a half along the Pacific Coast Highway, the tony enclave is comprised of 70 lots crammed with beach houses belonging to billionaires like David Geffen, HaimSaban, Eli Broad, Paul Allen and Gerald Schwartz.