Billionaire Bezos buys estate for $165 million

Jeff Bezos buys $165 million home after mansion-hunting with girlfriend

Billionaire Amazon chief Jeff Bezos has purchased a Los Angeles-area estate for $165 million, setting a new record for the region, The Wall Street Journal reported on Wednesday.

In doing so, the Amazon founder has broken a previous record of purchasing a residential home set in 2019 when media executive Lachlan Murdoch, son of Rupert Murdoch, paid KSh 15 billion for the Bel-Air estate.

According to Architectural Digest, the Beverly Hills house is spread in 13,600-square feet, which has expansive terraces and gardens, two guesthouses, nursery and three hothouses, tennis court, swimming pool, nine-hole golf course and motor court. The sale price is believed to be the highest in a Los Angeles-area residential real estate transaction, surpassing the previous record of $150 million reportedly spent by media executive Lachlan Murdoch past year to buy the Chartwell estate in Bel-Air.

Geffen paid $47.5 million when he bought the property in 1990, the Journal reported.

"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.

Amazon CEO Jeff Bezos and his partner Lauren Sánchez stands for photographs in front of the Taj Mahal in Agra, India, Tuesday, Jan. 21, 2020.

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The newspaper also reports that Bezos Expeditions, the executive's venture capital firm, doled out $90 million for undeveloped Los Angeles land from the estate of Paul Allen, the Microsoft co-founder who passed away in October 2018.

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

Bezos also owns The Washington Post newspaper.

Bezos has been in the news already this year for a variety of professional and personal challenges.

Bezos' record purchase price may not last long. Jeff Bezos' net worth fluctuates but it's in the range of $131.9 BILLION. 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.

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