Jeff Bezos sets record with $165 million Beverly Hills home purchase

Jeff Bezos Buys The Warner Estate

Jeff Bezos Buys The Warner Estate

According to The Wall Street Journal, Bezos purchased the historic nine-acre property for approximately $165 million-a record for the Los Angeles area.

Earlier this week, it was reported that Amazon CEO Jeff Bezos sold almost $4.1 billion shares in his company, but the executive is making news yet again with the purchase of media mogul David Geffen's Warner Estate in Beverly Hills.

The most recent owner of the estate was music and film producer David Geffen, who reportedly purchased it in 1990 for US$47.5 million. The previous record was set past year when Ruport Murdoch's son Lachlan paid roughly $150 million (Rs 1,071 crore) for Chartwell Estate, commonly known as the Beverly Hills mansion.

The purchase of the so-called Warner Estate by the Amazon.com Inc. founder is the latest in a string of mega-deals for residential properties in the U.S. And Bezos was actively shopping for Los Angeles mansions in the nine-figure range in the last few weeks, looking for a home for himself and girlfriend Lauren Sanchez.

Along with the Warner estate, Bezos' umbrella company, Bezos Expeditions, also purchased a plot of land in LA that belonged to the estate of Microsoft cofounder Paul Allen, according to The Journal.

The Warner Estate

The 56-year-old already has several adjacent condos overlooking Central Park in New York City, a almost 30,000-acre estate in Medina, Washington, a massive ranch in west Texas and two properties in Washington, DC. Bezos, meanwhile, continues to be the richest man in the world.

Bezos has been in the news already this year for a variety of professional and personal challenges.

It's something of a style makeover for Bezos, 56, whose once-low-key personal life has been a source of frequent headlines since he and MacKenzie Bezos divorced in 2019.

Bezos, whose worth has been estimated at more than $110 billion, started internet colossus Amazon and is considered the richest person in the world.

The combined purchase price of $255 million surpasses the $238 million that hedge fund executive Ken Griffin spent on a Manhattan penthouse.

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