Meet the fabulously rich moguls who live on Malibu's exclusive 'Billionaires' Beach'

Malibu's Carbon Beach has long been one of the most exclusive enclaves in the world.

With just 70 properties, the stretch of beach between the Pacific Ocean and Pacific Coast Highway is home to Hollywood elite and billionaire business tycoons, earning it the nickname "Billionaires' Beach."

But the sandy crescent isn't just for billionaires anymore. After a years-long fight, California will open a new path to allow the public to access the beach. It will be only the third such entrance to the 1.5-mile stretch of sand; residents have fought hard for decades to limit public access.

Keep scrolling to see some of the ultra-rich residents of "Billionaires' Beach."

Madeline Stone and Meredith Galante contributed to this story.