Beats Cofounder Just Dropped $60 Million on Richard Gere's Old Place in Malibu

Jimmy Iovine, the Interscope Records founder who made bank (again) last year when Beats Electronics, the company he founded with Dr. Dre, was bought by Apple for $3 billion, appears to be moving to the beach. He's just dropped a breathtaking $60 million on an unlisted Malibu property that sits on a bluff overlooking Paradise Cove. The seller was television producer Marcy Carsey (The Cosby Show, Roseanne), who purchased it from Richard Gere back in 2000 for $10 million.

from Tatiana Derovanessian Real Estate http://ift.tt/1BRW0X9