Kane Lim is representing an exclusive society that just nabbed this Malibu spread. Someone’s shaking up their real estate portfolio.
A Malibu mansion, long linked to two top distributors of Herbalife dietary supplements, has sold and is set to become a blinged-out clubhouse.
Listed late last year for $8.5 million, the Mediterranean contemporary with an ocean view on roughly 2.3 acres has sold for $8.35 million, according to an announcement from the listing brokerage.
The new owners are reported to be the privately funded Society 1 club — a socialite group founded by members of Southern California’s Asian community and represented by Netflix’s “Bling Empire” star Kane Lim. Located at 30420 Morning View, the home also has its own walkway to Zuma Beach. Other outdoor perks include a pool and spa. “Bling Empire,” which began streaming in January, is the real-life version of “Crazy Rich Asians,” following a group of wealthy friends in Los Angeles who are all Asian. Lim, born to Singaporean billionaires, amassed his reported $20 million net worth from his family — which made its fortune in real estate and shipping — and his own entrepreneurship, including real-estate investment. He has a shoe collection reportedly worth $300,000.
In a Society 1 news release announcing the purchase, Lim — in addition to mentioning that Lady Gaga lives in a home next door — said he hopes the home can be a base where Society 1 can continue to grow. Parts of the six-bedroom spread will be demolished, and the property will be used as a social space for members, as well as a venue for events.
The home’s previous chapter dates to 1994, when then-couple and Herbalife evangelists John and Lori Tartol purchased it. Following a divorce, the house transferred to ownership by Lori alone. The newly remodeled kitchen. Stainless steel appliances in the kitchen. Jonathan Golden for Sotheby’s International Realty Entertaining areas include a light-flooded dining space. Jonathan Golden for Sotheby’s International Realty The Tartols reportedly ranked as part of the “Chairman’s Club,” the second tier from the top of the organization, for their level of distribution. The home became a symbol of their success.
“Herbalife’s afforded me the chance to live the life that I’ve only dreamt possible. And not even — I could never even imagine this,” said Lori in a promotional video with footage of the home’s backyard and pool. The video even included footage of John playing piano in the living room with windows behind him.
