Katz, 56, has history when it comes to L.A.'s high-end real estate market. Three years ago the investor paid $34.5 million for the onetime Art Linkletter estate in Bel-Air. He followed that up in 2016 by buying a nearby home once owned by Arthur Marx, the son of comedian and actor Groucho Marx, for $9.1 million.

Source: Los Angeles Times February 20, 2018 18:33 UTC