During the wildfires in Los Angeles, the business magnate elucidates how the “miracle” house remained unscathed.

David Steiner’s $9 million villa in Malibu stood as the sole property untouched after the Palisades fire devastated his community, which resulted in the destruction of over 20,000 acres and 5,000 homes in the Los Angeles area. Steiner attributes the survival of his home to its earthquake-resistant architecture, fireproof roofing, and robust foundations.

While he expressed relief, Steiner acknowledged that the villa was not the primary residence for his family and conveyed his condolences to those who suffered losses. “Others lost memories. My heart goes out to them,” he remarked.

Despite having insurance, he anticipates receiving only partial compensation for smoke damage. Authorities are investigating potential arson in some of the fires, with a suspect apprehended near Calabasas. Notable figures such as Paris Hilton and Eugene Levy were also among those impacted. Further details can be found below.