Ex-Disney CEO’s fortune explored as he lists Malibu home for a whopping $225million
Michael Eisner has listed his Malibu home for $225 million. The deal could set a record for the most expensive home ever sold in California if it finds a buyer.
The property spans five acres and spans approximately 25,000 square feet. It has 16 bedrooms and 28 bathrooms.
The house was designed by architect Robert AM Stern, and images in the listing show airy interiors with wood-beamed ceilings, large windows that open to the outside, and a neutral-toned cabana sitting on the beach .
The house has a gym and a swimming pool facing the Pacific. A tunnel from the pool leads to a movie theater with a big screen and a few rows of plush seats. Eisner and his wife bought the house in the 1990s, and the complex has been built over the past few decades, with work ending in 2020.
According to listing agent Kurt Rappaport of Westside Estate Agency, the current price is justified. Additionally, the objects built by Eisner would be difficult to recreate on a large scale, in a prized location and beach access. Rappaport said Eisner wanted to sell the property because he loved the creative process and was looking for his next project.
Michael Eisner’s net worth explored
Michael Eisner is a well-known businessman, former Chairman and CEO of The Walt Disney Company. He was previously president of Paramount Pictures and worked on television networks like NBC, CBS and ABC for a time.
According to CelebrityNetWorth, the 80-year-old’s net worth is around $1 billion. He accumulated a lot of wealth as a businessman and was part of Disney and Paramount.
Eisner had a significant impact on Disney by transforming the company into a global Fortune 500 media powerhouse with over $25 billion in annual sales. Upon signing a new contract with Disney in 1989, he was allowed to buy 7 million shares of the company at a low price.
Michael broke the record for highest earnings in a year by a business executive at a public company. He earned $203.1 million in 1993, or $400 million if adjusted for inflation today.
Following their marriage to Jane Breckenridge in 1964, the couple owned a mansion in Bel Air for a long time. Eisner bought his neighbor’s house to consolidate the two properties into one complex. He spent $8.2 million on the nearby estate spread over a 1 acre lot.
They bought another estate in Malibu. As mentioned earlier, they have listed the property for sale.