Yuri Milner bought the home from Fred Chan, founder of ESS Technology for $70,000,000 as his second home.

The 47-year-old Internet tycoon Milner – a former particle physics graduate student - appears on the cover of the most recent issue of Forbes magazine and has invested heavily in Facebook, Zynga and Groupon through his investment firm DST Global.
His company is said to control about 10%, or $5 billion worth, of Facebook’s shares.
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By: neotrix

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