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Juul’s Riaz Valani Paid $40 Million for Johnny Carson’s Longtime Malibu Compound

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variety.com

James McClain Last summer, an idiosyncratic Malibu property sold for exactly $40 million in a cash deal, a little less than half the original $81.5 million asking price.

Best-known as the Johnny Carson estate, after the iconic TV personality who owned it for decades, the compound was sold by producer Sidney Kimmel, who had purchased the 4.16-acre spread in 2007 from Carson’s widow Alexis for $36.5 million.

But it wasn’t publicly known until now that the discount buyer was Riaz Valani, the low-profile Silicon Valley veteran who amassed a tremendous fortune as very first investor in Juul, the e-cigarette juggernaut that made vaping mainstream and was, at its peak in 2018, valued at a whopping $38 billion.

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