Malibu Mansion Burns Down: Investor Loses Millions with Only $3M Insurance Payout
A real estate investor, Robert Rivani, spent $27 million on a luxury mansion on Malibu’s “Billionaire’s Beach.” After a devastating wildfire destroyed the home, he expects only $3 million from insurance. The Fire’s Impact The Palisades fire, which has burned over 23,700 acres, destroyed Rivani’s five-bedroom mansion, which he had planned to sell for $40 … Read more