Amazon CEO Jeff Bezos buys $165-million Los Angeles mansion owned by David Geffen, reports say


Amazon CEO Jeff Bezos, the world’s wealthiest person with homes around the world, is adding to his real estate portfolio. 

Bezos has purchased the historic Warner Estate in Beverly Hills from medial mogul David Geffen for an eye-popping $165 million in what is believed to be a record deal for Los Angeles, the Wall Street Journal reported Thursday.

Geffen purchased the 9.4-acre estate in 1990 for a reported $47.5 million. The legendary estate is also known as the Jack Warner Estate, built by the former head of Warner Bros. Studio in 1937.

A 1992 Architectural Digest article said only a handful of Beverly Hills houses rivaled the Warner estate. The article described it as a “13,600-square-foot Georgian-style mansion” with “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.”

Amazon stock sale: Jeff Bezos sold $1.8 billion worth of Amazon stock as it eclipsed $1 trillion in market value

Trump’s ‘MAGA’ club: Trump crowns Microsoft, Amazon, Google and Apple as trillion-dollar ‘MAGA’ companies

Jeff Hyland, a veteran Los Angeles real estate agent, described the mansion in his 2008 book, “The Legendary Estates of Beverly Hills.” Hyland wrote “No studio czar’s residence, before or since, has ever surpassed in size, grandeur, or sheer glamour the Jack Warner Estate on Angelo Drive in Benedict Canyon.”

The Journal also reported that Bezos bought a plot of land from the estate of Microsoft co-founder Paul Allen for $90 million.

According to the Bloomberg Billionaires Index, the Amazon founder is worth $131 billion.

This story is developing and will be updated.

Follow USA TODAY reporter Kelly Tyko on Twitter: @KellyTyko

Products You May Like

Articles You May Like

Viral Target video
Nikola’s entire quarterly revenue of $36,000 was from solar installation for the executive chairman
How Insurance Companies Manage Risks For The Income Guarantee
What Your Student Needs To Know About Money Before College
Most Estate Plans Fail, Don’t Let Yours Be One Of Them

Leave a Reply

Your email address will not be published. Required fields are marked *