Honey’s Billionaire Founder Buys $60 Million Bel Air Mega-Mansion
Low-profile tech entrepreneur George Ruan became an overnight billionaire earlier this year when Honey, the electronic coupon-clipping browser extension he co-founded with Ryan Hudson in 2012, was sold to PayPal for $4 billion in cash. That unprecedented mega-deal ranks as the biggest tech acquisition in Los Angeles history, easily eclipsing the $2 billion that Facebook paid for Oculus VR back in 2014. (Despite the sale, Ruan continues to officially lead the Honey team.)