Jeff Bezos buys the most expensive property in LA splashing out a whopping $165 million to buy the Warner Estate in Beverly Hills from David Geffen as a love nest for girlfriend Lauren Sanchez
- Bezos has purchased the Warner Estate from David Geffen for $165 million
- Nine-acre property boasts guests houses, tennis court and 9-hole golf course
- Bezos recently cashed out 3% of his Amazon shares, worth $3.5 billion
- He has been spending lots of time in Hollywood with lover Lauren Sanchez
Amazon CEO Jeff Bezos has reportedly purchased the Warner Estate from media mogul David Geffen in a transaction that set a record for the Los Angeles area.
Bezos dropped $165 million on the sprawling nine-acre estate in Beverly Hills, which boasts terraces, guest houses, a tennis court, and a nine-hole golf course, the Wall Street Journal reported, citing people familiar with the transaction.
Billionaire Bezos, fresh off an appearance at the Oscars, has lately been spending much time in Hollywood with new girlfriend Lauren Sanchez, most recently squiring her to the Tom Ford fashion show.
The Warner Estate was built in the 1930s for Jack Warner, the movie titan at the helm of Warner Bros.
Bezos dropped $165 million on the sprawling nine-acre estate in Beverly Hills, where he has been spending plenty of time lately with girlfriend Lauren Sanchez (with him above)
The opulent nine-acre estate (above) boasts terraces, guest houses, a pool, tennis court, and a nine-hole golf course. It was designed in the 1930 for media mogul Jack Warner
The estate’s gates and imposing hedges are seen from the street in Beverly Hills
Bezos has reportedly purchased the Warner Estate from media mogul David Geffen (above) in a transaction that set a record for the Los Angeles area
Geffen bought the property in 1990 for $47.5 million, at the time a record for a property purchase in the Los Angeles area.
In a separate transaction, Bezos reportedly purchased a plot of undeveloped laand in Los Angeles from the estate of Microsoft co-founder Paul Allen. That land was purchased as an investment, the Journal reported.
Earlier this month, Bezos sold roughly 3 percent of his shares in the company for a windfall of nearly $3.5 billion, regulatory filings show.
The sale of 1.7 million shares over the course of four days starting last Friday was scheduled in advance and executed under rules to prevent insider trading.
The sale was timed to follow Amazon’s quarterly earnings report, which fortuitously for Bezos was positive and sent the company’s stock soaring.
Bezos’ remaining Amazon shares are worth about $116.5 billion at current prices.
Last weekend, Bezos and his girlfriend Lauren Sanchez attended the Tom Ford fashion show in Los Angeles – rubbing shoulders with fashion royalty including Anna Wintour.
The Amazon boss, 56, sat on the front row with his rumored fiance, 50, at the high- profile event held at Milk Studios in Hollywood.
The couple – who held hands during the evening – chatted to Vogue’s British-American Editor-in-Chief Anna Wintour during the Fall/Winter 2020 show.
Bezos and Lauren Sanchez are seen last month. Earlier this month, Bezos sold roughly 3 percent of his shares in the company for a windfall of nearly $3.5 billion
The billionaire looked in high spirits despite recent controversy as he enjoyed the event which was also attended by Jennifer Lopez , Renée Zellweger, Miley Cyrus and Demi Moore.
Bezos has been at the center of ongoing fallout from the National Enquirer cover story that exposed his affair with Sanchez last January.
He and his paid consultants have accused Saudi Arabia of hacking his phone and leaking his intimate texts and photos to the publication.
Other published reports have indicated that Michael Sanchez, Lauren’s brother, was the source of the leaked messages, and that she in fact sent copies of the messages to her brother.
Michael Sanchez denies being the Enquirer’s source, and has sued Bezos for defamation, saying the Amazon founder spread malicious rumors that he leaked the sexual text messages.