Jeff Bezos Purchased David Geffen's Beverly Hills Mansion for $165 Million, Setting a Record
Earlier this week, it was reported that Amazon CEO Jeff Bezos sold nearly $4.1 billion shares in his company, but the executive is making news yet again with the purchase of media mogul David Geffen's Warner Estate in Beverly Hills. According to The Wall Street Journal, Bezos purchased the historic nine-acre property for approximately $165 million—a record for the Los Angeles area.
The Georgian-style mansion features just about every luxurious amenity you can imagine. There's everything from sweeping terraces and immaculate gardens to a nine-hole golf course and a slew of guest houses. Geffen paid $48 million for the storied manse in 1990, which was a record in Los Angeles at the time.
“I would say it’s one of the most beautiful properties in the world, let alone Los Angeles,” Beverly Hills real estate agent Kurt Rappaport told The Wall Street Journal.
The newspaper also reports that Bezos Expeditions, the executive's venture capital firm, doled out $90 million for undeveloped Los Angeles land from the estate of Paul Allen, the Microsoft co-founder who passed away in October 2018. And Bezos' real estate empire doesn't end there. He recently spent $80 million on three adjacent New York apartments, including a three-floor penthouse.
Prior to the Warner Estate deal, Rupert Murdoch's elder son, Lachlan, set a California record when he purchased a château-style residence, for approximately $150 million.
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