Real Estate Assets: John and Patty own several extremely valuable homes in Malibu. In 2015 they spent $21 million to buy an oceanfront home in Malibu’s uber-exclusive Paradise Cove. John previously owned Johnny Carson’s Malibu home. John and Patty own around $50 million worth of real estate in Los Angeles. In 1999 they spent $4.2 million on a two-acre estate in Southhampton.