When billionaires go shopping, they go all out. Jeff Bezos’ recent real estate purchases is proof of that. In fact, the Amazon CEO’s acquisition of a Beverly Hills mansion has reportedly set a new record for the most expensive home to be sold in the state of California.
According to a The Wall Street Journal report, the property in question once belonged to film studio executive David Geffen. It was bought by Bezos for a whopping $165 million. In comparison, the record he beat was that of the $150 million purchase of the Chartwell estate the year prior. News of the billionaire’s search for a new home has been reported on by other news outlets. Recently, it came out that he and his girlfriend, Lauren Sanchez, were eyeing some houses in the Los Angeles area seeming to have chosen their pick.
Bezos and Geffen’s connection goes beyond the property though. The two business magnates are reportedly friendly with each other. They were even spotted aboard Geffen’s megayacht where they were joined by Sanchez, model Karlie Kloss, and Lloyd Blankfein, who is the CEO of Goldman Sachs.
The Party Palace
Designed in the ‘30s, the property has been dubbed as a ‘party palace’. The estate features a massive 13,000 square feet mansion, a nine-hole golf course, its own tennis court and two guesthouses. All of these are surrounded by the many gardens and terraces found in the property. The entire thing reportedly took a decade to complete.
Real Estate Shopping
Aside from the record-breaking purchase, Bezos also bought a Los Angeles plot of land for another $90 million through Bezos Expeditions. The property used to be that of the late Paul Allen, Microsoft’s co-founder. It lies less than two miles away from the former Warner property Bezos also acquired. The 120-acre lot was supposed to be the site for Allen’s private compound but the project was never completed. He first purchased the property in the late ‘90s for $20 million.