Tanza Loudenback/Business Insider
- A home on Billionaire's Beach in Malibu, California, sold for $110 million — the most expensive home sale in Los Angeles County history.
- The cofounder of the Hard Rock Cafe chain sold the beachfront property to a natural gas billionaire.
- Billionaire's Beach is home to several notable residents, including Oracle cofounder Larry Ellison.
Peter Morton, cofounder of the Hard Rock Cafe chain, just set a new, mind-boggling...