Bezos also purchased a plot of land from the estate of late Microsoft co-founder Paul Allen for $90 million.
, the richest man in the world, purchased the Jack Warner Estate for an eighth of a percent of his net worth, which is an estimated $131 billion.
He purchased the property from David Geffen, a businessman, producer, and film studio executive, whose net worth is an estimated $9 billion. Geffen bought the property in 1990 for $47.5 million, which would be approximately $92.9 million in 2020 values. The most expensive Los Angeles property record was previously held by the Chatwell Estate in Bel Air, which was purchased by media heir Lachlan Murdoch for $150 million in December 2019.
The Warner Estate is a historic mansion built for the Hollywood studio mogul Jack Warner, who founded Warner Bros. with his brothers Harry, Sam, and Albert. The estate was completed in 1937 after a decade of construction and was famous in the 1930s and 1940s for parties attended by Hollywood A-Listers.
Amazon Founder and CEO Jeff Bezos addresses the audience during a keynote session at the Amazon Re:MARS conference on robotics and artificial intelligence at the Aria Hotel in Las Vegas, Nevada on June 6, 2019.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | Jeff Bezos Buys David Geffen’s Los Angeles Mansion for a Record $165 MillionWSJ News Exclusive: Amazon CEO Jeff Bezos has purchased a 9-acre Beverly Hills property for $165 million, according to a person familiar with the transaction, setting a new record for Los Angeles
Read more »
Jeff Bezos Buys David Geffen's $165 Million Los Angeles EstateJeff Bezos just made the most expensive property purchase in L.A. history.
Read more »
Jeff Bezos has sold nearly $4.1 billion worth of Amazon shares in the past 11 daysCorrection: Jeff Bezos has sold roughly $4.1 billion worth of Amazon shares in the past 11 days.
Read more »
Jeff Bezos Purchases Warner Estate From David Geffen for Record $165M (Report)Amazon founder and chief executive Jeff Bezos has landed one of the most storied estates in all of Los Angeles — the Warner Estate in Beverly Hills — which he purchased from David Geffen for $165 million, according to a report in The Wall Street Journal
Read more »
Amazon CEO Jeff Bezos Has Purchased David Geffen's Beverly Hills Home for $165 MillionThe final figure makes it the most expensive home sale ever recorded in the Los Angeles area
Read more »
Jeff Bezos Drops $255 Million in Wild L.A. Real Estate Shopping SpreeThe Roaring ’20s redux has only just begun, but it’s already been a whirlwind decade for Amazon head honcho Jeff Bezos and his girlfriend, former TV news anchor Lauren Sanchez. The coup…
Read more »