#Amazon #JeffBezos #DavidGeffen #LosAngeles
Amazon CEO Jeff Bezos, the world's wealthiest person with homes around the world, is adding to his real estate portfolio.
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 9.4-acre estate in 1990 for a reported $47.5 million. The legendary estate is also known as the Jack Warner Estate, built by the former head of Warner Bros. Studio in 1937.
A 1992 Architectural Digest article said only a handful of Beverly Hills houses rivaled the Warner estate. The article described it as a "13,600-square-foot Georgian-style mansion" with "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."
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Jeff Hyland, a veteran Los Angeles real estate agent, described the mansion in his 2008 book, “The Legendary Estates of Beverly Hills.” Hyland wrote “No studio czar’s residence, before or since, has ever surpassed in size, grandeur, or sheer glamour the Jack Warner Estate on Angelo Drive in Benedict Canyon."
The Journal also reported that Bezos bought a plot of land from the estate of Microsoft co-founder Paul Allen for $90 million.
According to the , the Amazon founder is worth $131 billion.
The Land Report magazine’s 2018 Land Report listed Bezos as No. 28 on its list of top 100 landowners and reported he owned 420,000 acres.
Kelly Tyko
USA TODAY
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