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Jeff Bezos buys $165 million home after mansion-hunting with girlfriend

13 Feb 2020 Jeff Bezos buys $165 million home after mansion-hunting with girlfriend Business Written by Siddhant Pandey

Bezos' new mansion in Beverly Hills is reportedly the most expensive sold in the Los Angeles area.

The Amazon boss and world's richest person bought the Warner Estate in a record breaking transaction.

The Amazon founder's purchase of the home from the media mogul David Geffen is the largest amount paid for a single-family Los Angeles-area home.

According to Architectural Digest, which featured the Warner Estate in 1992, the nine-acre lot features a "13,600-square-foot Georgian-style mansion, 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". That home previously set the record when it was purchased by Lachlan Murdoch, son of Rupert Murdoch, for $150m a year ago.

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The Warner Estate spans nine acres (3.6 hectares) in Beverly Hills.

Bezos has also forked over $90 million for a piece of undeveloped land in LA owned by late Microsoft co-founder Paul Allen, who died in 2018, The Journal said. Bezos and his girlfriend, Lauren Sanchez, had reportedly been browsing Los Angeles real estate for a while before deciding on the Warner Estate.

The world's richest man has turned into an art connoisseur and gone on a shopping spree, remarked recent media reports. Bezos has been searching for a home for the past year, according to Page Six. It is named for Jack Warner, the head of Warner Bros.

The 56-year-old already has several adjacent condos overlooking Central Park in New York City, a almost 30,000-acre estate in Medina, Washington, a massive ranch in west Texas and two properties in Washington, DC.

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Bezos was actively looking for posh estates for months, according to property dealers.

The combined purchase price of $255 million surpasses the $238 million that hedge fund executive Ken Griffin spent on a Manhattan penthouse.

To put it in perspective, $165 million is only an eighth of a percent (yes, an eighth of one percent) of Bezos' $131.9 billion net worth.

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