Joe Lacob Lists Malibu Mansion for $44 Million
Golden State Warriors owner Joe Lacob has put his stunning Malibu mansion on the market for a whopping $44 million, as reported by Realtor.com. Located at 22150 Pacific Coast Highway, this luxurious property is situated right on the sandy shores of Los Angeles Beach.
Property Features and History
The mansion, as per the Realtor.com listing, boasts 5,512 square feet of living space spread across three floors, with 5 bedrooms and 5.5 bathrooms. Additionally, there is a two-car garage that offers breathtaking views of the Pacific Ocean. Lacob acquired the property in 2019 for $29,100,000, witnessing a remarkable increase in its value by approximately $15 million.
Wealth and Achievements
Forbes estimates Lacob’s net worth to be $2.1 billion, and in 2010, he led an investment group in purchasing the Warriors for $450 million. Under his ownership, the Warriors have flourished into an NBA dynasty, clinching four championships in eight years from 2014 to 2022.
If the mansion sells at the listed price, Lacob stands to make a significant profit of $44 million, which could cover star player Stephen Curry’s salary for the 2020-21 season, where Curry is set to earn just over $43 million. According to Spotrac, Curry’s earnings for the upcoming season will be $55,761,216.
It’s worth noting that not everyone can afford a Malibu estate like Lacob’s, with the listing on Realtor.com stating, “Only those with deep pockets need apply for this stunning property.”
For those interested, photos of the property can be viewed on Realtor.com’s website.
