Paul Allen Reportedly Sold His $US28 Million Malibu Home Because He 'Hated The Sound Of The Ocean'

The New York Post’s Page Six is reporting that Microsoft co-founder Paul Allen has sold his Malibu home for $US28 million.

The buyer is reportedly CBS President and CEO Les Moonves.

Allen paid $US25 million for the gorgeous white-walled contemporary home in 2010, though he apparently spent little time there since the sound of the ocean kept him up at night, a source told the Post. He “hated the sound of the ocean,” the source said.

The house is located on Malibu’s ultra-pricey Carbon Beach, a stretch of oceanfront property that’s been dubbed “Billionaire’s Beach” for its many high-profile residents. David Geffen, Jeffrey Katzenberg, Eli Broad, and Larry Ellison all own property here, with Ellison owning as many as a dozen.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.