Amazon CEO Jeff Bezos has bought media mogul David Geffen’s Beverly Hills home for a record-breaking $165 million.
The final sale price of the home makes it the most expensive home ever bought in the Los Angeles area, according to the Wall Street Journal. The previous record belonged to media executive Lachlan Murdoch, who last December paid an estimated $150 million for Chartwell, the Bel-Air estate featured in the TV series “The Beverly Hillbillies.”
The nine-acre estate was originally built for the late Warner Bros. founder Jack Warner in the 1930s. The home features terraces, gardens, a nursery and three hot houses, as well as two guesthouses, a tennis court, a swimming pool and a nine-hole golf course.
According to the Journal, Geffen bought the home for $47.5 million in 1990, which then was the record for an L.A. home. Warner had hired architect Roland E. Coate to expand the mansion to his tastes, and decorator William Haines outfitted the interior with a two-story entryway and a cantilevered staircase.
People reported that Bezos also purchased a second (undeveloped) property for $90 million, which formerly belonged to Microsoft founder Paul Allen. This estate will be used for Amazon’s business purposes. The Journal added that it was purchased as “an investment.”
According to Bloomberg’s Billionaires Index, Bezos is worth $131 billion. Earlier this year, he bought three New York apartments in a deal worth $80 million.
A spokesperson for Bezos did not immediately respond to TheWrap’s request for comment.
Read original story Jeff Bezos Pays Record $165 Million for David Geffen’s Beverly Hills Home At TheWrap