Over the past couple of years, Eric Schmidt's ever-growing real estate portfolio has been the talk of several towns — he's spent hundreds of millions buying up prime properties in locales like Montecito, Beverly Hills and New York City. And though it never received any fanfare, records now reveal the former Google CEO added a trophy beach house to his property collection last summer, when he out $22.6 million for oceanfront digs in the exclusive Malibu Colony guard-gated community.
Including his new beach house, Schmidt owns well over $180 million worth of luxury real estate in the Los Angeles area alone.