Amazon CEO Jeff Bezos paid $ 165 million to buy a Beverly Hills mansion that belongs to Hollywood mogul David Geffen, a source familiar with the transaction told CNN Business.
The news was first reported by The Wall Street Journal.
That is not the only purchase of the founder of Amazon in Los Angeles. According to the source, he disbursed another $ 90 million to buy, near the mansion, a plot of land owned by Microsoft co-founder Paul Allen, who died in 2018. That agreement was made by Bezos Expeditions, an entity that controls many of the others. Bezos investments, including The Washington Post and the Blue Origin space company, the newspaper reported.
The new Bezos home was built in the 1930s by Jack L. Warner, co-founder of the Warner Bros. film empire, and encompasses nine acres, including a 13,600-square-foot mansion, a tennis court, swimming pool, golf course nine holes and garages with their own fuel pumps, according to a house profile published by Architectural Digest magazine in 1992.
According to the magazine, Geffen bought the property in 1990 for an estimated US $ 47.5 million, a national record at that time.
The representatives of Bezos Expeditions and Amazon did not immediately respond to requests for comments. Bezos and Geffen could not be reached immediately for comment.
The news of the purchases comes less than a year after Bezos reportedly spent US $ 80 million to buy three apartments – a penthouse and the two units under it – on Fifth Avenue in New York City in June past.
Bezos also owns the largest house in Washington, an old textile museum that he reportedly bought for $ 23 million in 2016.
Those can be staggering amounts, but they barely make a dent in Bezos’ net worth, who, according to Bloomberg’s billionaire index, is currently US $ 132,000 million. Bezos saw his fortune increase by $ 8,000 million in a matter of minutes earlier this month, when Amazon shares increased 7% in one day. Bezos owns about 12% of the company.