Billionaire Bezos buys estate for US$165m, says report

Jeff Bezos is on a shopping spree befitting the world’s richest man

Jeff Bezos is on a shopping spree befitting the world’s richest man. Pablo Martinez Monsivais AP

Bezos has purchased the historic Warner Estate in Beverly Hills from medial mogul David Geffen for an eye-popping $165 million in what is believed to be a record deal for Los Angeles, the Wall Street Journal reported Thursday.

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.

According to Architectural Digest, which featured the Warner Estate in 1992, the nine-acre lot features a "13,600-square-foot Georgian-style mansion, expansive terraces and gardens, two guesthouses, nursery, and three hothouses, tennis court, swimming pool, nine-hole golf course, and motor court complete with its own service garage and gas pumps". At $165 million, it is the most expensive property sale in Los Angeles history.

Lachlan Murdoch, the son of media mogul Rupert Murdoch, was one of at least four people to pay more than US$100 million for a home in the USA a year ago. Reportedly, he set a record for artist Ed Ruscha at a Christie's auction with a $52.5 million purchase of "Hurting the Word Radio #2" in November and also bought "Vignette 19" by Kerry James Marshall for $18.5 million.

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.

The estate belonged to late media mogul Jack Warner, former President of Warner Bros Studios.

In June past year, the billionaire purchased three apartments in NY that are valued at about $80 million, according to the Journal. This property is just 1.7 miles away from his other purchase, according to Variety.

The combined purchase price of $255 million surpasses the $238 million that hedge fund executive Ken Griffin spent on a Manhattan penthouse.

Bezos, whose worth has been estimated at more than $110 billion, started internet colossus Amazon and is considered the richest person in the world. Amazon has faced criticism over its treatment of workers who want the company to do more to combat climate change, while Bezos has also been the subject of global intrigue over suggestions that his personal phone may have been hacked by the Saudi government.

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