When Jay-Z and Beyoncé broke a California record by dropping $200 million on a Malibu mansion last year, a familiar name was front and center on the deal: Kurt Rappaport. The 53-year-old real estate power broker represented both the buyers and the sellers in the historic sale — an accomplishment in itself that likely pocketed him several million dollars in commissions. But at this point, it would be stranger if Rappaport hadn't been involved in the transaction.
Take Malibu, which Rappaport and his most prolific client, Oracle co-founder Larry Ellison, have transformed into one of the most expensive markets on Earth over the last two decades by buying dozens of properties and developing one-of-a-kind trophy homes that sell for record sums. Rappaport's other clients have included David Geffen, Brad Pitt, Ellen DeGeneres, Ryan Seacrest and Tom Brady, among many, many others.
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