News & Opinion | February 14, 2020 12:33 pm

Jeff Bezos Breaks Record With $165M Purchase of David Geffen’s LA Mansion

Bezos's buy broke a residential purchase record of $150 million in LA set last year

Jeff Bezos Makes Record-Breaking Real Estate Purchase in California
Jeff Bezos makes record-breaking real estate purchase. (Getty)
Arif Hudaverdi Yaman/Anadolu Agency via Getty Images

The world’s richest man just added the priciest home in California to his portfolio.

First reported by The Wall Street Journal, Jeff Bezos set a new record for a residential purchase in California by paying $165 million for David Geffen’s famed Warner estate in Beverly Hills.

By paying that amount, the Amazon billionaire Jeff Bezos obliterated the California home sale price record that was set last year when a Bel Air estate known as Chartwell was sold for $150 million.

Bezos’s new property features a 13,600-square-foot main mansion, two guesthouses, a nursery and three hothouses, a tennis court, a swimming pool and its own nine-hole golf course.

“I would say it’s one of the most beautiful properties in the world, let alone Los Angeles,” local agent Kurt Rappaport told The Wall Street Journal.

Geffen bought the property, which was designed in the 1930s for former Warner Bros. president Jack Warner, for $47.5 million in 1990, a record at the time.

“David has the best taste of anybody, so you have the richest guy in the world buying the best of the best,” Stephen Shapiro of Westside Estate Agency told The Los Angeles Times. “Why would he settle for anything less?”

Prior to buying Geffen’s property, Bezos visited was an eight-acre estate in Bel Air that’s seeking $225 million, Shawn Elliott, a broker with Nest Seekers International, told The New York Post.

“When you are shopping for a home and there is no budget, you want to see everything on the market. Jeff kept looking until he finally found a home he connected with,” Elliott said.

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