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The Guy Who Built the $85M Spec House in Beverly Hills, Also Bought the ‘Wells Fargo Party Pad’ in Malibu

A theater, a wine room, a $200,000 candy bar and pre-stocked Dom Perignon …. brought to you by Malibu’s Bruce Makowsky who purchased the home in Malibu Colony where a mortgage officer from Wells Fargo has been stop squatting after it was seized from Bernie Madoff victims who could no longer pay their mortgage. Bruce paid nearly $15 million in 2010 for the bank-owned Malibu beach house, nearly 30% less than its original $21.5 million asking price at the time. [LA Times]

Vanity Fair New Establishment Summit (San Francisco): “Age of Innovation” — Oct. 8 to 9, 2014

On the 20th anniversary of the creation of its iconic New Establishment, Vanity Fair, in association with the Aspen Institute, will present its first conference—a unique opportunity to hear from the pioneers, influencers, and disrupters who have driven the age of innovation. Speakers include Jeff Skoll, Katie Couric, Peter Thiel, Max Levchin, and more. http://www.vfsummit.com/

How Young Tech Millionaires Invest

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Spoiler alert: It’s our friends over at Bel Air Investment Advisors. Mike Zhang 23, became a millionaire recently after he sold an online company he started at the age of 14. Bel Air, which primarily manages money for very wealthy individuals, has been getting a number of new clients like Zhang lately: young, newly-made tech millionaires. Bel Air’s younger clients are putting a sizable chunk in hedge funds, master limited partnerships and real estate as well as safer, income generating assets like bonds. The entrepreneurs also like to keep between 10% and 15% of their assets free to invest in their own ventures or other start-ups. [CNN Money]

Marlon Brando’s, ‘The Brando,’ north of Tahiti’s main island

Marlon Brando’s granddaughter, Tumi Brando (26), shows his private atoll ‘Tetiaroa’ in French Polynesia — 30 miles north of Tahiti’s main island that Brando discovered while filming ‘Mutiny on the Bounty’ in 1960. It now houses ‘The Brando’, an eco-resort Brando had envisioned years ago.

http://www.forbes.com/sites/lauriewerner/2014/09/15/touring-marlon-brandos-island/?slide=3

NET-A-PORTER

Altuzarra for Target launches today — See the lookbook!

PORTER Issue 4/August14

L.A. Hot List

NOW OPEN:



COMING SOON:


RECENTLY CLOSED:

  • Kate Mantalini (May 2014)
  • Hamburger Hamlet on Sunset
  • Enoteca Drago (Canon Drive)

 

SEE ALL >>

 

My Dad Just Got a Phantom Drone

My Dad Just Got a Drone from Phantom. It locks onto seven satellites to hold it’s place so we can seat it at the dinner table and it keeps hovering while the Earth turns. The drone is currently hovering over our deck in Malibu and acts as a watch dog for passers-by. 

The Palm is Coming to Canon Drive

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Originally Published on: Feb 26, 2013: Heard: The Palm Restauant Moving to Beverly Hills! A little birdie tells us the Palm is moving to Bev Hills! This is unconfirmed but we are finding out more. We shall be cutting out the walls if they dont take them with!! UPDATE (8/20/14): We were right! Palm is coming to Canon…

Tinder, Hinge, Now There’s Linkedup!

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While meeting Facebook friends of your Facebook friends through Hinge or Tinder is cool, I think we can all agree there is no vetting standard better than a good clear job history. Do you really care if someone likes music or wine if they are broke or work the night shift. Alright men, before you go getting judgmental,…