Herbalife Heir Alex Hughes Buys on Malibu’s Carbon Beach
James McClain Though he’s still in his 20s, young Alexander Reynolds Hughes can already call himself a resident of one of Southern California’s most exclusive neighborhood pockets — Malibu’s Carbon Beach, the shockingly pricey strip of sand alternatively known as Billionaire’s Beach. The youthful Herbalife scion has paid nearly $9 million for an oceanfront cottage near the homes of long-established financial heavyweights like Larry Ellison, Eli Broad, Michael Milken, and Haim Saban.Fully revamped inside and out, the petite house — it spans less than 1,800 square feet, per tax records — contains three luxury bedrooms, each with their own ensuite bath.