Posted on 02/13/2020 8:45:10 AM PST by Oldeconomybuyer
Amazon founder Jeff Bezos has bought a Beverly Hills mansion from media mogul David Geffen in a record-breaking transaction for Los Angeles, according to the Wall Street Journal.
The world's richest man is said to have paid $165m (£126m) for the property - known as the Warner Estate - which would make it the most expensive home in the Los Angeles area.
It beats the previous record set last year when Fox Corporation chief executive Lachlan Murdoch bought the Chartwell estate in the city's Bel Air neighbourhood for $150m (£115m).
The 9.4-acre Warner Estate was built in 1937 by its namesake, Warner Bros Studio boss Jack Warner, and is kitted out with huge terraces, gardens, guest houses, a tennis court and a golf course.
It is listed in The Legendary Estates of Beverly Hills book, which was quoted in the Journal as saying: "No studio czar's residence, before or since, has ever surpassed in size, grandeur, or sheer glamor the Jack Warner Estate on Angelo Drive in Benedict Canyon."
In 1990, Mr Geffen purchased the property for $47.5m (£36m), which was also a record for Los Angeles at that time.
He then reportedly gutted the home except for a wooden floor said to be the one that Napoleon stood on as he proposed to Josephine.
(Excerpt) Read more at news.sky.com ...
Geffen gutted it? ugh.
Well, he’s got to spend his money somewhere.
I wonder how much time he’ll actually spend there.
Was most expensive transaction back when Geffen bought it.
Most expensive transaction again.
Billionaire’s gotta be Billionaires.
It’s quite a place.
So not really a surprise.
That tax bill must be quite a doozie!
I wonder if they would accommodate Amy Klobuchar’s refugee resettlement plans in that neighbourhood?
Wait, Jeff. What the carbon footprint of that estate and how does it fit into your sweeping plan to tackle climate change?
Uhmmmm
Who cares ?
I’ve often said having ridiculous amounts of money is a complete curse in this life
You can’t take a walk on the street, go to the store, walk on the beach or do anything without security
Why would anybody want to live like that?
Jesus has had plenty to say on the subject
It’s a cute shack, I have been there hundreds of times over the years. Personally I like Mr P’s shack better(Chartwell)
Not so bad, because he will keep a home office and discount the taxes as an expense.
Gaaaaaaaawleeeee! It even has a Ceement Pond!
He’ll give free rooms in it to homeless undocumented immigrants, of course, won’t he?
Gets rich off of capitalism, supports socialism. Slight disconnect.
I wouldn’t if I could. Matter of fact, I’m pretty happy with my spread.
My brother in law is a billionaire. He’s one of the ‘rich, but not famous”. He can go anywhere without a care in the world. But his main residence is in Montana. He has no use for places like LA or it’s surrounding areas.
Ha! The more rooms in which to take pics of his privates...
Wonder what the taxes are. Is the water rationing law recognized on this property?
Close?
Doesn’t look that great.
Is that a pool in the upper left? Doesn’t look like a very good one.
Aren’t some of the Democrat Presidential contenders demanding confiscation of all wealth over a certain amount—say, a million dollars, something like that?
Yeah but is he looking at a $644million yacht?
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