Jeff Bezos just reportedly bought the most expensive home in Los Angeles

Andrew Cummings
February 13, 2020

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

Bezos purchased the property - designed for Warner Bros. president Jack Warner in the 1930s - from media mogul David Geffen, and the price tag eclipses a $150 million residential real estate purchase of a Bel-Air estate past year by Lachlan Murdoch. The house is spread over 13,600-square foot and has many terraces, gardens, two guesthouses, a swimming pool, tennis court, and a nine-hole golf course!

The purchase adds to a string of mega-deals for high-end residential properties since the start of 2019. The previous record was set a year ago 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 world's richest man bought the 9-acre property from David Geffen, said the person, declining to be identified as the details are private.

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.

It was recently reported that Jeff Bezos was shopping for homes in Los Angeles and money wasn't an issue.

The estate and plot of land are just the latest additions to Bezos' property portfolio, which already includes two L.A. homes, a mansion in Washington D.C., a ranch in Texas, an estate in Seattle and three adjacent apartments in New York City worth around $80 million combined.

"No studio czar's residence, before or since, has ever surpassed in size, grandeur, or sheer glamour than the Jack Warner Estate on Angelo Drive in Benedict Canyon", Hyland wrote. Sources confirmed Bezos bought the land, describing it as an "investment". The others include the record US$238 million Citadel founder Ken Griffin plunked down in January 2019 for a NY penthouse at 220 Central Park South.

Bezos, the world's richest man with a fortune over $120 billion, purchased the mega-mansions for $165 million and $90 million, respectively.

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