Published On: Sun, Jan 25th, 2015

Jimmy Iovine Buys $60 Million Mansion

Jimmy Iovine Malibu mansion

The co-founder of Beats Jimmy Iovine just bought a Malibu mansion for $60 million. He can certainly afford it with the billion plus he got for selling beats to Apple last year.

Television producer Marcy Carsey, who is known for The Cosby Show and Roseanne, sold him the property in an off market deal. She bought it from Richard Gere in 2000 for $10 million. That’s a 600% profit in less than 15 years.

The beachfront property comes with 4 acres of land and was built in 1954. It overlooks Paradise Cove. The main house has three bedrooms and 2, 500 square feet. There are also two cottages and a guest house. The grounds include a tennis court and of course a swimming pool.

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