Lan Cave New Consumer Report, on December 6th, according to foreign news reports, Riaz Valani, a billionaire in the electronic cigarette industry, purchased a medieval Maliba coastal villa at a price of $ 31 million.

According to reports, Valani was the first person to invest in electronic cigarette manufacturer Juul. Last summer, a 5,000 square foot manor of 33608 Pacific Coast Highway was disclosed in an out -of -field transaction last summer.

The seller was Michael Price, the founder of hedge fund tycoon, the founder of Empyrean Capital, and his wife Jodi, who bought the coastal villa at a price of $ 19.8 million in 2016.

The reconstruction ENCINAL BLUFFS Manor was built in 1955. It covers an area of three -quarters and is behind a row of boulders along the 125 -foot beach.

It includes a two -story main house with three bedrooms and two rooms with three bedrooms with three bedrooms. There are four bathrooms between the two houses.

The main house is decorated with natural wood, with hardwood flooring everywhere and a living room with floor -to -floor glass, overlooking the Pacific Ocean. It includes a restaurant with a fireplace and a kitchen with a meal.

The master bedroom upstairs has the same sea view with soaking bathtubs and cedar closets. The second bedroom has its own private deck and outdoor shower.

The hospitality is wrapped in wood, including a media room, a kitchen and a subsidiary two parking garage, and a bedroom with a deck and sea view.

Later, a swimming pool and spa surrounded by grass are located above the beach.

In 2019, Varani spent $ 40 million to purchase the old manor of John Nicons in the horn of Malibum. He lived there with his partner Augustiglet. Café co -founder Estaaciteglett and Linkstar's ex -wife Morinsa's daughter.

The record shows that he may have bought a property of Encinal Bluffs for his parents Badru and Semin Valani. They have a house in the town of Silicon Valley, and they are considered the most expensive in the United States.

According to Forbes, Valani is worth $ 1.8 billion. After investing in Juul, its valuation once reached $ 38 billion. When Monkurch's parent company Ochiya acquired 35% of the company's shares for $ 12.8 billion in 2018, Varani received $ 2 billion.