Bezos buys Warner Estate in Beverly Hills for record $165 million

Daniel Fowler
February 13, 2020

Amazon Chief Executive Jeff Bezos, the world's wealthiest person, has bought the Warner Estate in Beverly Hills from media mogul David Geffen for $165 million, the Wall Street Journal reported on Wednesday, citing people familiar with the transaction. In 1990, Geffen went on to break national records when he purchased the estate for $47.5m and auctioned off about $11m of the mansion's furnishings, which he thought too musty and museum-like, according to the Los Angeles Times.

The property designed for Hollywood film titan Jack Warner in the 1930s was described by Architectural Digest in 1992 as the "archetypal studio mogul's estate", built in Georgian style with expansive terraces and its own nine-hole golf course.

The Wall Street Journal said Bezos purchased three NY apartments earlier this year in a deal valued at about $80 million.

The most expensive Los Angeles property record was previously held by the Chatwell Estate in Bel Air, which was purchased by media heir Lachlan Murdoch for $150 million in December 2019.

Report: Jeff Bezos buys L.A. mansion for $165M and land from Paul Allen estate for $90M

The Warner Estate spans nine acres (3.6 hectares) in Beverly Hills.

Amazon founder Jeff Bezos is the world's richest man. Bezos and his girlfriend, Lauren Sanchez, had reportedly been browsing Los Angeles real estate for a while before deciding on the Warner Estate.

In June a year ago, the billionaire purchased three apartments in NY that are valued at about $80 million, according to the Journal.

In addition to the Warner estate, which was not listed by an MLS (multiple listing service), Bezos purchased an undeveloped compound formerly owned by Allen. As the total cost of the estate and plot of land comes to $255 million, the property purchase equates to less than two percent of the money Bezos made in minutes. The company reportedly paid $90 million for the land. His estimated net worth is around $131 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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The Democratic majority in the House is expected to pass the measure next, after which it would go to Trump for his signature. Senate Majority Leader Mitch McConnell of Ky., left, walks from the Senate Floor on Capitol Hill, Feb. 4, 2020 in Washington.

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