Surprisingly, Jeff Bezos’ LA house is a Beverly Hills mansion known as the Warner Estate from media mogul David Geffen. The final sale price of the Jeff Bezos’ LA house makes it the most expensive home ever bought in the Los Angeles area about $165 million.
The iconic house was first owned by Warner Bros co-founder Jack Warner and his family since the 1930s. The entertainment company is currently owned by AT&T Inc.
Geffen had purchased the 9-acres-house from the estate’s lawyers back in 1990 upon the death of Warner’s wife, Ann Warner. The $47.5 million paid by Geffen for the house was a record-buying at the time.
The pair of billionaires made a good deal. Geffen had been quietly shopping the home for 2.5 years, according to one source.
And Bezos was actively shopping for Los Angeles mansions in the nine-figure range in the last few weeks, looking for a home for himself and girlfriend Lauren Sanchez.
Bezos additionally bought a second (undeveloped) estate for $90 million, which previously belonged to Microsoft founder Paul Allen. This property will be used for Amazon’s business purposes. It was purchased as “an investment.”
Undoubtedly, Jeff Bezos’ LA House is a very expensive house to buy, however, with a net worth of $126 billion, Jeff Bezos is the richest person in the world. Keep in mind – that’s AFTER he gave his ex-wife MacKenzie $36 billion!
Whenever Jeff would visit his girlfriend Lauren Sanchez in Los Angeles, they would either stay at her relatively modest beachfront home in Santa Monica or one of his two Beverly Hills mansions that were bought with MacKenzie. A new relationship, new home. Jeff Bezos’ LA House is not just a house, it is a kingdom in the heart of Beverly Hills.
A kingdom in LA — one realtor calls “the most beautiful properties in the world.” It is secluded, making it perfect for a public-facing guy like Bezos, and with the nine-hole golf course, he really doesn’t have any excuse to leave it.
Bezos purchased three New York apartments earlier this year in a deal valued at about $80 million too. In addition to the $165 million he paid Geffen for the Warner Estate, his venture capital firm Bezos Expeditions paid $90 million to buy a tract of undeveloped Los Angeles land from the estate of the late Microsoft co-founder Paul Allen, the source revealed. The Allen property was purchased as an investment property.
He recently bought a Washington D.C.-based mansion that features 25 bathrooms, 1,006 light fixtures, two elevators, a ballroom, and 287 fire-alarm sprinklers. Bezos accrued more than $16,000 worth of parking tickets while renovating the mansion.
On 9 acres in Beverly Hills, the legendary estate is also known as the Jack Warner Estate. It was designed in the 1930s for Jack Warner, the late former president of entertainment giant Warner Bros.
Bezos founded the aerospace manufacturer and sub-orbital spaceflight services company Blue Origin in 2000. A Blue Origin test flight successfully first reached space in 2015, and the company has upcoming plans to begin commercial suborbital human spaceflight.
Bezos also purchased the major American newspaper The Washington Post in 2013 for US$250 million in cash and manages many other investments through his venture capital firm, Bezos Expeditions.
After Bezos graduated from Princeton University in 1986, he was offered jobs at Intel, Bell Labs, and Andersen Consulting, among others. He first worked at Fitel, a fintech telecommunications start-up, where he was tasked with building a network for international trade.
Bezos was promoted to head of development and director of customer service thereafter. He transitioned into the banking industry when he became a product manager at Bankers Trust; he worked there from 1988 to 1990. He then joined D. E. Shaw & Co, a newly founded hedge fund with a strong emphasis on mathematical modeling, in 1990 and worked there until 1994. Bezos became D. E. Shaw’s fourth senior vice-president at the age of 30.
The Warner Estate features expansive terraces, sprawling gardens, several guest houses, a tennis court, and a nine-hole golf course.
After Jack Warner’s death in 1978 at age 86, his second wife, Ann Page, stayed at the estate. When she died in 1990, Geffen purchased the property and the mansion’s furnishings for an estimated $47.5 million, setting the then-record for a Los Angeles-area home.
Prices continue to rise in Los Angeles, which is one of the most expensive metro areas in the United States. Median single-family home prices have increased to $617,300, up 7.2% from the fourth quarter of 2018, according to the latest quarterly report by the National Association of Realtors.