Jeff Bezos Just Bought the Most Expensive Home in Los Angeles

Marco Green
February 13, 2020

The Inc. (NASDAQ: AMZN) founder and CEO has purchased the Beverly Hills Warner Estate for $165 million from billionaire entertainment mogul David Geffen, the Wall Street Journal reported Wednesday. According to the #WallStreetJournal, the nine-acre estate was once owned by late Warner Bros president, @JackWarner and the amount paid by Bezos who is worth $131 billion, is the largest amount paid for a single-family Los Angeles-area home.

Given all those headaches, it's easy to understand the appeal Bezos might see in a 13,600-square-foot mansion that includes its own golf course, tennis court and gas pumps, according to a 2016 feature in Architectural Digest. This is now the most expensive property deal in Los Angeles. Bezos' purchase eclipses the last record set in the Los Angeles area - the $US150 million purchase of the Chartwell estate by Lachlan Murdoch a year ago.

Allen purchased the 120-acre estate in 1997 for $20 million and spent millions more renovating it, Variety added. Bezos and his girlfriend, Lauren Sanchez, had reportedly been browsing Los Angeles real estate for a while before deciding on the Warner Estate.

It was recently reported that Jeff Bezos was shopping for homes in Los Angeles and money wasn't an issue. The company paid $US90 million for the land, The Journal said.

The record breaking sale represents only a sliver of the $4.1 billion worth of Amazon shares Bezos sold in the span of a week earlier this year, according to regulatory filings.

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, the world's richest man with a fortune over $120 billion, purchased the mega-mansions for $165 million and $90 million, respectively. He recently spent $80 million on three adjacent NY apartments, including a three-floor penthouse.

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.

Other reports by Click Lancashire

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