By  on April 23, 2013

It's a picture-perfect sunny, 70-degree day in the seaside hamlet of Newport Beach, Calif., where shingled beach shacks sit alongside multimillion-dollar homes on either side of a single-lane road at the end of Balboa Peninsula. Bikers and walkers stroll by and sailboats dot the marina.

It’s here where Henry Segerstrom lives, in an ivy-covered, white stucco-walled complex taking up a large corner lot with neighboring homes just a few yards away.

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