Magazine article Variety

Laurene Jobs Snags Compound in Malibu Bluffs

Magazine article Variety

Laurene Jobs Snags Compound in Malibu Bluffs

Article excerpt

Hillary Clinton famously invoked the African proverb "It takes a village to raise a child," and though real estate transactions are a matter of public record, it also sometimes takes a village of intrepid informants to sort out ownership of properties purchased through inscrutable blind trusts and mysterious corporate concerns. Such was the case for a multi-residence spread perched on a prime bluff above Malibu's Paradise Point that was covertly sold in late March for $44 million to a vaguely named LI.C with a Silicon Valley address. With the dogged assistance of Malibu Ken, Lucy Spillerguts, Our Fairy Godmother in Bel Air and good ol' Yolanda Yakketyyak. we've uncovered a trove of circumstantial yet convincing evidence that links the property to Laurene Powell Jobs, the savvy Palo Alto-based businesswoman and philanthropist widow of Apple co-founder Steve Jobs.

The three-acre, two-parcel property was previously sold in 2010 for $11.5 million to Investment banker-tumed-aspiring politician Jack Ryan, who might be best known as the guy who ran against Barack Obama in the 2004 U. …

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