Jeff Bezos Acquires Beverly Hills Mansion for $165 Million

The founder and Chief Executive Officer of Amazon.com, Jeff Bezos has once again proved to us that he isn’t called the World’s richest man for nothing. This time around, he has gone ahead to spend a whooping sum of $165 million, which is approximately 0.13% of his net worth.

An anonymous source quite familiar with the matter disclosed that the billionaire agreed to pay the sum of $165 million for a mansion comfortably sitting on nine acres of land at Beverly Hills. The acquisition of the property has set a record for real estate in Los Angeles. The news of the acquisition of the mansion was first reported by the Wall Street Journal in the early hours of Wednesday, Feb. 19.

The Beverly Hills property was reportedly designed in the 1930s for Hollywood film mogul, Jack Warner. Describing the property, Architectural Digest in 1992 said it is the “archetypal studio mogul’s estate.” The mansion was built in the Georgian style and has expensive terraces and a nine-hole golf course.

Bloomberg wrote:

“News of the sale emerged just days after filings showed Bezos cashed out $4.1 billion of Amazon shares and comes amid reports that he’s also entered the art market. He reportedly set a record for artist Ed Ruscha at a Christie’s auction with a $52.5 million purchase of “Hurting the Word Radio #2” in November and also bought “Vignette 19” by Kerry James Marshall for $18.5 million.”

Prior to the acquisition by Jeff Bezos, the property reportedly belonged to David Geffen since 1990, after he paid the sum of  $47.5 million. Bloomberg further reported that Bezos was seen socializing on the entertainment mogul’s mega-yacht last summer, visible in an Instagram post with girlfriend Lauren Sanchez and Goldman Sachs Group Inc.’s former chief, Lloyd Blankfein.

Several real estate agents have come forward to reveal that Bezos has been looking to acquire an estate for some months now. A realtor, Josh Flagg in an interview said he usually got a call “at least once a month from different agents asking if I have something.”

The acquisition of the mansion was added to a string of mega-deals for high-end residential properties since the beginning of 2019. This mansion also adds to the string of properties owned by the billionaire. He reportedly owns several homes including a mansion in Washington D.C., where he treated elites to a party. He also owns 420,000 acres Texas desert scrub.

It was reported that he spent $24.45 million in 2007 for a Spanish-style estate in Beverly Hills; and acquired the house next door for $12.9 million in 2017. In 2019, Bezos bought some apartments worth $80 million in New York City. Other real estate properties linked to Bezos exist in Seattle, Texas and Washington D.C.

With reference to a 2019 Land Report, Bezos is ranked one of US’ 100 largest landowners based on the number of Acres.

According to the Bloomberg Billionaires Index, Bezos’ current net worth stands at $131.9 billion.