The world’s richest man, Bezos, bought the Warner Estate mansion from business giant and media tycoon David Geffen at a record price in the Los Angeles area.
Amazon founder Jeff Bezos bought the most expensive mansion in Los Angeles for a record $ 165 million.
On February 12, according to a person familiar with the matter, the Wall Street Journal quoted people familiar with the matter as saying that Bezos bought the Warner Estate luxury mansion from business giant and media tycoon David Geffen at a transaction price hitting Los Angeles. Regional records.
David Geffen is one of the founders of DreamWorks, ranking 60th on the 2019 Rich List.
A person familiar with the matter revealed that the transaction did not involve real estate agents.
The Wall Street Journal reported on February 12 that the mansion occupies 9 acres (about 36,000 square meters) in Beverly Hills, a famous gathering place of celebrities in the United States. Designed by Jack Warner, President of Warner Bros. The mansion includes a spacious terrace, extensive gardens, several guest rooms, a tennis court and an own 9-hole golf course.
Jeff Hyland, a senior real estate agent in Los Angeles, wrote in his book “Legendary Real Estate in Beverly Hills”: The size, grandeur, and sheer charm of Jack Warner Estate can’t be surpassed. “Local real estate agent Kurt Rappaport said:” I want to say that, aside from Los Angeles, it is one of the most beautiful properties in the world. ”
David Geffen bought the mansion in 1990 for $ 47.5 million, setting a record for real estate transactions in the Los Angeles area at the time.
Bezos has become the world’s richest person in the past two years.
According to the Bloomberg Billionaires Rankings, as of February 13, Jeff Bezos was worth $ 132 billion, ranking first in the list, and Bill Gates was worth $ 119 billion.
According to the technology website The Verge reported that day, in early 2020, he also spent about $ 80 million to buy three apartments in New York.
Bezos Expeditions, another Bezos company, also spent $ 90 million on another undeveloped Los Angeles site. The seller of the plot is the late Microsoft co-founder Paul Allen. The Wall Street Journal reported that people familiar with the matter revealed that the plot was purchased “for investment.”
It is worth mentioning that recently Bezos has also sold a lot of Amazon stock.
According to CNBC reports on February 11, according to SEC filings, Bezos sold nearly $ 4.1 billion in Amazon stock in the 11 days from January 31 to February 10.
Bezos has previously stated that he sells about $ 1 billion in Amazon stock each year to fund his space exploration company Blue Origin, and that he has raised additional funds for his Day One Fund. funds. The first-day fund was established in September 2018 to provide education opportunities for low-income communities and combat homelessness.