Amazon CEO Jeff Bezos paid $ 165 million to buy a Beverly Hills mansion owned by Hollywood mogul David Geffen, a source known to the deal told CNN Business.
The news was first reported since Wall Street newspaper
This is not the Amazon (AMZN)
only purchase of the founder in Los Angeles. According to the source, he paid out an additional $ 90 million to buy a plot of land near the villa from the estate of Microsoft co-founder Paul Allen, who died in 2018. The deal was entered into by Bezos expedition
, an entity that controls several other Bezos investments including the Washington Post and the Blue Origin space company, according to the Journal.
Bezos’ new home was built in the 1930s by Jack L. Warner, co-founder of the Warner Bros. film empire, and spans nine acres including a 13,600-square-foot mansion, a tennis court, swimming pool, tennis court nine-hole golf course and garage with own petrol pumps, according to Profile of 1992
of the house from Architectural Digest magazine.
According to the magazine, Geffen purchased the property in 1990 for an estimated $ 47.5 million, a national record at the time.
The representatives of Bezos Expeditions and Amazon did not immediately respond to requests for comment. Bezos and Geffen were not immediately reachable for comment.
The news of the purchases comes less than a year after Bezos would have spent $ 80 million buying three apartments – an attic and two underlying units – on New York City’s Fifth Avenue last June.
Bezos also owns the largest home in Washington D.C., a former textile museum that it has reportedly purchased for $ 23 million
These can be mind-boggling amounts, but they hardly make Bezos’ net worth dent that Bloomberg billionaire’s index
currently says $ 132 billion. Bezos saw his fortune rise by $ 8 billion in a matter of minutes earlier this month, when Amazon’s stock rose 7% in one day. Bezos owns around 12% of the company.