Jeff Bezos dropped $165 million on a new Beverly Hills mansion

Marco Green
February 17, 2020

"I would say it's one of the most lovely properties in the world, let alone Los Angeles", Beverly Hills real estate agent Kurt Rappaport told The Wall Street Journal.

It said the deal topped a Los Angeles-area home price record set previous year when Lachlan Murdoch paid around $150 million for a Bel-Air estate seen in "The Beverly Hillbillies", a 1960s television show.

The Chartwell chateau was familiar to television viewers of the 1960s as the palatial home of the fictional Clampett family in the CBS classic sitcom "The Beverly Hillbillies".

Geffen purchased the Warner Estate in 1990 for $47.5 million, a then-record price for a Los Angeles-area home, according to the Journal. The Chartwell property set a new all-time high for the state when it sold for about $150 million late a year ago, the Los Angeles Times reported at the time.

Jeff Bezos dropped $165 million on a new Beverly Hills mansion
Jeff Bezos dropped $165 million on a new Beverly Hills mansion

Amazon CEO Jeff Bezos recently added LA's most expensive property to his extensive real estate portfolio.

That deal was made by Bezos Expeditions, an entity that controls several of Bezos' other investments, including The Washington Post and space company Blue Origin, the Journal reported. He also purchased a penthouse, along with the two apartments below, overlooking Madison Square Park in Manhattan for $80 million past year. According to The Wall Street Journal, Bezos purchased the historic nine-acre property for approximately $165 million-a record for the Los Angeles area.

The new LA home is said to have been built in the 1930s and features a tennis court, swimming pool, nine-hole golf course and garages with their own petrol pumps, according to a 1992 profile of the house by Architectural Digest magazine. The land was put in the marketplace for $150 million in 2018 by the property of Paul Allen, the Microsoft co-founder, who died that 12 months. Bezos reportedly negotiated the deal with former owner and music mogul David Geffen while cruising around on Geffen's superyacht, as billionaires do.

Other reports by Click Lancashire

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