Jeff Bezos has bought a Beverly Hills mansion for US$165 million, according to a person with knowledge of the matter, setting a record for a Los Angeles-area home. Since 1990, it has been owned by David Geffen, another media mogul. It is a Georgian-style compound with a floor once owned by Napoleon, guest houses, a tennis court, and a nine-hole golf course. In November 2019, he bought artist Ed Ruscha's most expensive artwork, Hurting the Word Radio #2, worth $52.5 million, at a Christie's auction.
Amazon CEO Jeff Bezos, right along with American news anchor Lauren Sánchez poses for photographs during a blue carpet event organized by Amazon Prime Video in Mumbai, India, Thursday, Jan. 16, 2020. Amazon has faced criticism over its treatment of workers who want the company to do more to combat climate change, while Bezos has also been the subject of global intrigue over suggestions that his personal phone may have been hacked by the Saudi government.
Along with the Warner Estate, Bezos' umbrella company, Bezos Expeditions, also purchased a plot of land in LA that belonged to the estate of late Microsoft cofounder Paul Allen, according to the Journal.
Jeff Bezos reportedly set a new record for the highest home price in the Los Angeles area.
Jeff Bezos is on a shopping spree befitting the world's richest man.
Jeff Bezos reported new $165 million home in Beverly Hills
Amazon boss' new mansion was originally built for Warner Bros founder Jack Warner in the 1930s. Amazon will pay $162 million in tax on $13.3 billion in profit, which equates to 1.2 percent.
Bezos was actively looking for posh estates for months, according to property dealers.
Bezos reportedly also splashed out $80 million on a few NY apartments earlier this year.
The combined purchase price of $255 million surpasses the $238 million that hedge fund executive Ken Griffin spent on a Manhattan penthouse.
The real estate empire of Bezos, who has a net worth of $131 billion, includes his Washington DC, mansion where he recently threw a party for state elites including Jared Kushner and Ivanka Trump.