Amazon Chief Executive Officer Jeff Bezos's new Beverly Hills mansion has been bought by the businessman for $165 million.
Sources say that Bezos bought the property from Hollywood mogul David Geffen. The sale price is considered the highest in a Los Angeles-area residential real estate transaction. This record was previously held by media executive Lachlan Murdoch, who reportedly purchased the Chartwell estate in Bel-Air for $150 million.
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Reports reveal that Bezos also dropped another $90 million to purchase a plot of land near the mansion from the estate of Microsoft co-founder Paul Allen. The transaction was held by Bezos Expeditions, which manages Bezos' other investments including, The Washington Post and space company Blue Origin.
Bezos' new home was built by Jack L. Warner, cofounder of the Warner Bros. movie empire, in the 1930s, according to Architectural Digest magazine. The property covers nine acres including a 13,600 square foot mansion. Its features include a swimming pool, a tennis court, nine-hole golf course, and garages with their own gas pumps.
The magazine also states that Geffen bought the property in 1990 for an estimated $47.5 million, which was considered significant at the time.
News on the purchase of the new mansion emerged less than a year after Bezos reportedly spent $80 million to acquire three apartments on New York City's Fifth Avenue last June. The New York property include a penthouse and the two units below it.
Bezos is also the owner the biggest home in Washington D.C. The house is a former textile museum that he reportedly bought for $23 million in 2016.
Bezos' net worth, according to the Bloomberg Billionaire's Index, is currently $132 billion. Bezos' fortune rose by $8 billion in a matter of minutes earlier this month, when Amazon's stock rose 7% in a day. Bezos owns 12% of the company.
