Robert F. Smith — Est. $18 Million, Malibu

Malibu is a popular destination for celebrities, and now it has a new resident – Robert F. Smith. Smith is a self-made billionaire and the chairman of Carnegie Hall, as well as a renowned philanthropist. With his busy work schedule, he needed somewhere to relax and unwind, which is why he chose to purchase a beach house in Malibu.

Built in 1953, this modern and cozy home cost Smith $18 million – an amount that would be considered small for someone of his wealth. While many of us opt for a night in to relax, Smith made an investment worth millions for comfort and privacy!