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Jeff Bezos Buys A Beverly Hills Property In A Record $165M

Jordan
Major
Updated: 08 Jan, 2021
2 mins read

Jeff Bezos keeps smashing records in the financial world. In the latest reports, it was revealed that he allegedly set a new record for the highest home price in the Los Angeles area.

The Amazon Founder and CEO acquired the Warner Estate in Beverly Hills for $165M, as reported by The Wall Street Journal on February 12. Music and film executive David Geffen previously owned the property.

This sale price breaks the previous record of $150 million set last year for the Los Angeles County area. The record was set in the sale of Chartwell, the Bel-Air estate that appeared in “The Beverly Hillbillies.” 

Bezos’ new home comprises various amenities that include a pool, tennis court, and golf course, as highlighted in the report. This 9-acre estate that is surrounded by tall hedges and a gate was built in the 1920s for Jack Warner, who is the founder and former president of Warner Bros.

The Hollywood mogul, in the end, expanded the estate with the acquisition and linking of several neighbouring properties, as explained by Architectural Digest. It was allegedly the site of multiple star-studded parties from the 1930s through ‘60s.

This home was 13,600 square feet at the time. Two guest houses also exist on the property. Back in 1990, Geffen paid $47.5 million for this property.

Bezos and Lauren Sanchez, his girlfriend, had allegedly been visiting different homes in the Los Angeles area, priced at over $100 million.

It is not the first home that Bezos has owned in Beverly Hills. He and Mackenzie Bezos, his ex-wife, previously bought an 11,891-square-foot mansion there for $24 million. Later on, they bought the house next door for $12.9 million.        

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Jordan Major
Author

Jordan is an investor and market analyst. He's passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.

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