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In a historic deal, billionaire venture capitalist Marc Andreessen has paid $177 million for a sprawling estate in Malibu. It’s the most ever paid for a home in California, shattering the previous record set by Jeff Bezos last year.

Records show the seller was Serge Azria, a fashion mogul behind clothing lines such as Joie and Equipment. He bought the seven-acre property for $41 million from late film producer Jerry Weintraub in 2013 and had been quietly shopping it around for $218 million.

Kurt Rappaport of Westside Estate Agency, who handled both ends of the deal, couldn’t be reached for comment.

Andreessen is an investor and software engineer who co-founded the Silicon Valley venture capital firm Andreessen Horowitz in 2009 and co-created Mosaic, one of the first web browsers. Forbes pegged Andreesen’s net worth at $1.6 billion at the close of market trading Friday.

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