Jeff Bezos buys $165 million real estate in Los Angeles-area

Jeff Bezos buys $165 million real estate in Los Angeles-area

Amazon chief Jeff Bezos has purchased a Los Angeles-area estate for $165 million, setting a new record for the region. Bezos bought the Warner Estate from media mogul David Geffen. Geffen had purchased the Warner Estate in 1990 for $47.5 million, a then-record price for a Los Angeles-area home, according to The Wall Street Journal.

It may be recalled here that last year Lachlan Murdoch paid around $150 million for a Bel-Air estate seen in “The Beverly Hillbillies,” a 1960s television show which was the largest real estate deal in Los Angeles-area till date.

The Warner Estate spans nine acres (3.6 hectares) in Beverly Hills. It is a Georgian-style compound with a floor once owned by Napoleon, guest houses, a tennis court, and a nine-hole golf course. It was originally built in the 1930s by the late Jack Warner, former president of Warner Brothers. It took a decade to construct the house.

“No studio czar’s residence, before or since, has ever surpassed in size, grandeur, or sheer glamor the Jack Warner Estate on Angelo Drive in Benedict Canyon,” according to a passage from the book “The Legendary Estates of Beverly Hills” quoted by the Journal.

Bezos, whose net worth was estimated by Forbes at $131 billion this year, owns properties around the world.

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