Jeff Bezos drops $255 million in wild L.A. real estate shopping spree
13 Feb 2020 — #GroupThink
The 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 couple made their public red carpet debut in India, purchased their neighbors’ home in Washington D.C., and have just capped off a Beverly Hills real estate money flex that’s one for the record books.
First, Jeff Bezos paid for $165 million for the iconic Warner Estate along Angelo Drive in Los Angeles. The estate, which is crowned by a massive mansion, was once owned by business and record industry magnate David Geffen.
While he had his wallet out, Bezos also splurged on the vacant hilltop 120-acre "Enchanted Hill" parcel for $90M from Microsoft co-founder, Paul Allen. Watch a promotional video of the land below.
The Wall Street Journal has more details behind its paywall about the purchase and how it was shockingly negotiated with no broker involvement.
Jeff Bezos broke a real-estate record in L.A. with his $165 million purchase of David Geffen's house. More amazing: no brokers were involved. https://t.co/jLShwxh2Vt— The Wall Street Journal (@WSJ) February 13, 2020
Amazon CEO Jeff Bezos has bought the most expensive property in LA for $165 million.— PropertyCohort (@PropertyCohort) February 13, 2020
(For context, $165 million is an eigth of a percent of Bezos’ $131.9 billion net worth. If you make $60,000 a year, that’s like spending $75 on a house)https://t.co/AO91ab3JmG
No one needs a house like this. This is obscene. Jeff Bezos Buys David Geffen's $165 Million Los Angeles Estate https://t.co/Ebit5Gd5HB— virtual monarch (@Sommar) February 13, 2020