Move over Jay-Z and Beyoncé -- there's a new real estate mogul in town, and it's the guy who founded Oakley ...
'cause he just sold his cliffside estate for a record-breaking number. James Jannard -- the billionaire who's behind the iconic sunglasses and apparel brand -- just unloaded a mansion he's owned in Malibu for the past 22 years ..
. and he scored a massive profit,' cause he sold it for a whopping $210 million ..
. this according to the L.A.
Times. The outlet reports Jannard sold the 9.5-acre oceanfront compound to a Delaware LLC -- and that it was done quietly .
.. 'cause the property never technically hit the market.
BTW ...
JJ bought this home way back in '02 for a mere $31 mil. So, yeah ..
.. a $179 million windfall.
TMZ has pulled the publicly available docs for the home ...
and it shows the new owner took out a $203 million loan for this place -- which suggests the $210 selling price is accurate. The title documents we got a hold of also show that the changing of hands here was all going down in May -- with things getting finalized officially toward the end of that month. Of course, this figure is now the highest a home has been sold for in California history -- a title that Jay and Bey held after buying a Malibu property last year for a cool $200 million.
That was the record then ...
and now, Jannard is the new king on the mountaintop. His Malibu estate is sweeping ..
. with the main house featuring eight bedrooms and 14 bathrooms -- and the rest of the property i.
