Wednesday, 26 February, 2020

Bezos buys Warner Estate in Beverly Hills for record $165 million

Jeff Bezos buys Beverly Hills mansion for record $165 million Enlarge Image Jeff Bezos AFP via Getty Images
Ginger Lawrence | 13 February, 2020, 22:38

Jeff Bezos just bought the most expensive house ever sold in Los Angeles, and he's not going to have to worry about mortgage payments: With an estimated net worth of $131 billion, the Amazon founder could have bought the $165 million mansion nearly 800 times over.

Geffen purchased the Warner Estate in 1990 for $47.5 million, a then-record price for a Los Angeles-area home, according to the Journal.

The 9.4-acre (3.8-hectare) property sold by Geffen to Bezos - in a deal first reported by the Wall Street Journal - boasts a stately Hollywood pedigree all its own. The 13,600-square-foot Georgian-style mansion has expansive terraces and gardens, two guesthouses, nursery and three hothouses, tennis court, swimming pool, nine-hole golf course and motor court complete with its own service garage and gas pumps.

One of the properties he visited was an eight-acre estate in Bel Air that's seeking $225 million, said Shawn Elliott, a broker with Nest Seekers International, which has listed the property. Bezos' purchase eclipses the last record set in the Los Angeles area - the $US150 million purchase of the Chartwell estate by Lachlan Murdoch previous year.

In addition to the $165 million he paid Geffen for the Warner Estate, his venture capital firm Bezos Expeditions paid $90 million to buy a tract of undeveloped Los Angeles land from the estate of the late Microsoft co-founder Paul Allen, the source told Reuters. The legendary estate is also known as the Jack Warner Estate, built by the former head of Warner Bros.

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Amazon founder Jeff Bezos is the world's richest man.

Bezos and girlfriend Lauren Sanchez had been house hunting in the Beverly Hills area for a while, as reported by the New York Post earlier this month.

Bezos reportedly also splashed out $80 million on a few NY apartments earlier this year. His estimated net worth is around $131 billion. Bezos had also purchased two other houses below the penthouse apartment.

Bezos' record purchase price may not last long. He recently spent $80 million on three adjacent NY apartments, including a three-floor penthouse.