Jeff Bezos Buys Historic Beverly Hills Estate For Record $165 Million

Amazon CEO Jeff Bezos, who has amassed an extensive collection of homes across the country, has added another property to his real estate portfolio. The richest man in the world, worth $131 billion, has reportedly paid $165 million for media magnate David Geffen’s Beverly Hills estate, setting a new record for a Los Angeles-area home, according to the Wall Street Journal. The previous residential record was set late last year, when media executive Lachlan Murdoch, son of Rupert Murdoch, paid $150 million for the Bel-Air estate used as the Clampett residence in the television show The Beverly Hillbillies. Bezos and his girlfriend, Lauren Sanchez, reportedly had been touring the priciest mansions in Beverly Hills and Bel Air, which are among the Los Angeles area’s most prestigious enclaves. Realtor.com reports that the Bezos real estate empire is already quite extensive, with several adjacent condos overlooking Madison Square Park in New York City, a nearly 30,000-acre estate in Medina, Washington, a massive ranch in west Texas and two properties in Washington, D.C. On 9 acres in Beverly Hills, the legendary estate is also known as the Jack Warner Estate. It was designed in the 1930s for Jack Warner, the late former president of entertainment giant Warner Bros. In 1990 this property had a value of $47.5 million. Prices continue to rise in Los Angeles, which is one of the most expensive metro areas in the United States.

It has been said that Jeff Bezos bought the property without a real estate broker

Article from Forbes

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