The effect is rustic (the stairs have been left without railings), but surveillance cameras are nestled in the bushes and trees beside the winding steps, and the cabana is fully Wi-Fied.
The main house is small by Malibu standards—perhaps 4,000 square feet.
He has also put money into Crowd Star, the social-gaming company.
He is said to be excited about a new investment in the Chinese company PPStream, the world’s largest online video-service provider. One of his current gripes is with what he calls the “insanity” of the American economy, particularly the overpriced valuations of certain public offerings. M., and if he cannot figure out why a company or market is behaving a certain way he doesn’t stop until he gets to the bottom of it.
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“So you come off the beach and feel at home,” says Dunning.
The immaculately curated effortlessness carries through the whole house: The kitchen stools are designed by Jean Prouvé and the coffee table by Marcel Wanders.
I see the ocean beneath the cliffs as well as miles of sandy, empty beach. As I’m contemplating the view, Nevo bounds out of a bungalow to greet me. He made the bulk of his fortune investing in cable companies in the 1990s, when no one else was paying much attention. Jeff Bewkes and with Rupert Murdoch, with whom he vacations and whose boat he has chartered.
Nevo is not one to throw people out of his Rolodex when they leave their high-powered jobs. of Morgan Stanley, as well as Dick Parsons, the former C. I wait outside while he struggles out of the jeans, telling the tailors he will be back to finish the fitting after lunch, and puts on an old black sweatshirt and pants. In Malibu most houses are either on the beach—on stilts and subject to sea and weather damage—or atop a bluff, without direct access to the beach. A dramatic infinity pool drips over the edge, and stairs are built into the rock right down to the beach.
He still speaks regularly with John Mack, the former C. On our way toward the main house, Vivi and I stop at a large guesthouse. At the foot of the stairs is a wooden cabana, where Nevo sometimes sleeps, to be close to his paddleboards and pull-up bar.
Nevo’s complex, built by developers in 2004 on eight acres of prime beachfront hillside, is in the Paradise Cove section of Malibu, nestled between the “Colony”—home to Tom Hanks and Brian Grazer—and Point Dume, where surfer dudes like Owen Wilson live.
Nevo bought it in May of 2009, at the bottom of the housing market, for a fraction of its original asking price of million.