Amazon CEO Jeff Bezos Buys Most Expensive Home In LA Worth $165 Million

What does a net worth of $131 billion get Amazon CEO Jeff Bezos, the richest person in the world?

Of late, it's given him ownership of the fabulous Warner Estate along Angelo Drive in Los Angeles mansion for $165 million. The estate, which is crowned by a massive mansion, was once owned by business and record industry magnate David Geffen. It also gave him ownership of a plot of undeveloped Los Angeles land from the estate of Microsoft Corporation co-founder, the late Paul Allen, for a mere $90 million. Sources in the know said Bezos bought this property as an investment.

Geffen's mansion is the most expensive home in LA, by the way. Occupying nine acres in Beverly Hills, the Warner Estate was designed in the 1930s for Jack Warner, the late former president of Warner Bros. The property is renowned for its magnificent terraces, sprawling gardens and guest houses. It also has a tennis court and its own 9-hole golf course.

“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,” wrote Jeff Hyland, the veteran Los Angeles real-estate agent, in his book, “The Legendary Estates of Beverly Hills.”

The deal that gave Bezos Geffen's palace is a record for the Los Angeles area, said Wall Street Journal. The previous residential record was set only in late 2019 when Lachlan Murdoch, the billionaire son of media mogul Rupert Murdoch, paid $150 million for Chartwell, a Bel-Air estate used as the Clampett residence in the 1960's TV show, “The Beverly Hillbillies.” The younger Murdoch is worth $7.6 billion.

Geffen bought the property for $47.5 million in 1990, setting the record for a Los Angeles area home. Bezos Expeditions, a Bezos umbrella company and his charitable foundation, paid $90 million for the plot of land bought from Allen's estate.

Earlier this year, Bezos purchased three New York City apartments in an $80 million deal. The renovation of Bezos' opulent Kalorama Mansion in Washington D.C. has been going since 2018 and appears headed for completion by early 2020.

Bezos paid a hefty $23 million for a 27,000 square-foot mansion -- which was the former Textile Museum -- in 2016. The museum consisted of two historic buildings: the Myers family home designed by John Russell Pope, and an adjacent building designed by Waddy Wood.

The end result of the renovation now taking place will be a palace with 25 bathrooms, 11 bedrooms, five living rooms, two kitchens, two libraries, two workout gyms, two elevators in painted bronze steel and unlacquered brass, a ballroom and an extremely fabulous solarium. In addition, there will be 1,006 light fixtures, six dishwashers, 48 smoke detectors, four gas fireplaces, five bath tubs, five refrigerators, 12 kitchen sinks and 10 showers.