The boss of Amazon.com (Amazon) Jeff Bezos, who is currently the world’s wealthiest person, has purchased a well-known mansion known as the Warner Estate in Beverly Hills. A source told Reuters on Wednesday, February 12, 2020, Bezos bought the Warner Estate from an American media tycoon, David Lawrence Geffen for a record transaction of $165 million.
Bezos’ Record Purchase of the Warner Estate
Bezos’ owning of the Warner mansion for $165 million set a record as the highest purchase in a real estate transaction of the Los Angeles- residential area. The latest transaction has surpassed the previous record of $150 million when an England born American media executive, Lachlan Murdoch was reported having spent it last year for the Chartwell estate in Bel-Air.
The Chartwell chateau, which was designed by Sumner Spaulding in 1933 in the style of a French chateau, was considered one of the most expensive mansions in the US till last year. As Reuters explained, “the chateau was familiar to television viewers of the 1960s as the palatial home of the fictional Clampett family in the CBS classic sitcom ‘The Beverly Hillbillies’.” The Los Angeles Times reported at the time, the Chartwell property has set a new all-time high in California history when it was sold to Murdoch last year.
Bezos’ new mansion, a 9.4-acre (3.8-hectare) property, was built in 1937 by Hollywood pedigree, Jack Warner who was the key architect of the famous, Warner Bros Studio Production. The sale of the estate from Geffen to Bezos was first reported by the Wall Street Journal (WSJ) and the journal revealed that Geffen purchased the Warner Estate in 1990 for $47.5 million, a then-record price for a Los Angeles-area home.
Bezos’ Real Estate Investment
Bezos, who has net worth as estimated by Forbes at $131 billion this year, currently owns several luxurious properties across the world. The WSJ reported that the world’s richest man had purchased three New York apartments earlier this year for a total deal valued at about $80 million.
A Source told Reuters, besides this transaction of $165 million for the Warner Estate, Bezos’ venture capital firm Expeditions had paid $90 million to buy a relatively-undeveloped area in Los Angeles which was considered a property of the late Microsoft co-founder Paul Allen. As per the source, unlike Warner estate, the Allen property was purchased by Bezos as an investment property.
The New York Post reported last week that Bezos and his girlfriend, Lauren Sanchez, were looking for a house in Los Angeles and touring for mansions hunting throughout these lavish areas of the US. As the Post added, Bezos has been searching for a home for the past year. However, it was not yet sure whether Bezos will make the Warner Estate, which has features expansive terraces, sprawling gardens, several guest houses, a tennis court, and a nine-hole golf course, as his primary home.
WSJ has quoted a passage from the book, “The Legendary Estates of Beverly Hills” describing the Warner Estate as “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.”
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