Source: New York Post
A pair of billionaire brothers from New Zealand has quietly snapped up 16 beachfront Malibu lots destroyed by last year’s fires – dishing out well over $65 million with plans to put up prefab homes there. Nick and Mat Mowbray, co-founders of toy and consumer-goods giant Zuru, have plans to deliver factory-built prefab homes manufactured in China, ABC7 reported. 4 The two New Zealand brothers reportedly are buying up properties that were affected by wildfire.
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