Billionaire media mogul Byron Allen forks out $100 MILLION on sprawling Malibu mansion overlooking the Pacific Ocean - the most ever paid for a home by an African-American in the US

Billionaire media mogul Byron Allen, 61, has purchased a luxurious Malibu mansion for $100 million — the most ever an African American in the United States has spent on a home

Allen started out as a comedian at the age of 14 before founding his own media company in 1993. He is estimated to be worth $4.5 billio

The listing at the time told prospective buyers they could 'discover absolute nirvana in this World-Class Oceanfront Estate.'

To get to the main house, it says, homeowners must 'enter through the private front gate to the long driveway that winds past the tennis court, detached guest house and expansive lawns and leads to the graceful two-story main house.' 

'This gorgeous villa offers a casually elegant style and peaceful ambience with walls of pocketed glass doors throughout that open to large terraces encircling the home and allowing the light-filled interior to integrate with the lush exterior and enveloping ocean vistas,' Jade Mills, a real estate agent with Coldwell Banker Realty, wrote.

She added that the 'exceptional oceanfront compound offers the ultimate resort lifestyle located on one of the most incredible bluffs and beaches in the world.'

It was previously owned by Gustavson's late father, B Wayne Hughes, who bought the mansion for around $20million in 2003, according to the Wall Street Journal.   

He had made his fortune as a cofounder of the self storage giant Public Storage in 1972, and had passed away last year.

It is now the highest price paid for a home in Malibu this year, and the most ever an African American has spent on a home. (The previous record was held by Beyonce and Jay-Z, who bought an $88million compound in Bel-Air in 2017). 

Allen, 61, started off as a standup comedian, putting together his first routine at the age of 14 and appearing at amateur comedy clubs throughout the Los Angeles area throughout his teens. He is pictured here with Skip Stephenson in an undated picture from NBC Universal

On his show Entertainers with Byron Allen, he interviewed and profiled movie and television stars. Allen is pictured here with Brooke Burns at the Comic Unleased party in September 2006

Allen earned a star on the Hollywood Walk of Fame last year. He is pictured with Jon Kelley, CEO of The Recording Academy Harvey Mason Jr., Kevin Frazier, Leron Gubler, Nicole Mihalka, Chair of the Hollywood Chamber of Commerce, and Lupita Sanchez Cornejo