A 3,500-acre California coast ranch linked to Mansour Ojjeh, a French-Saudi Arabian entrepreneur whose company is a major shareholder in British-based car maker McLaren and its Formula One racing team, is listing for $110 million. That would make the ranch, which is near Santa Barbara, one of the most expensive properties ever listed for sale in the area. There are very few private ranches along the coast: Montecito billionaire Charlie Munger, vice chairman of Berkshire Hathaway, recently paid $70 million to buy a 1,800-acre...

Source: Wall Street Journal February 13, 2019 17:37 UTC