• Celebrity
  • Lifestyle
  • Fashion
  • Beauty
  • Entertainment
Editors Nation Jeff Bezos Is Gearing up to Become the King of Beverly Hills As He Makes This Record-Breaking Purchase
0Shares
0 0 0 0 0
Editors Nation
  • Celebrity
  • Lifestyle
  • Fashion
  • Beauty
  • Entertainment
Celebrity

Jeff Bezos Is Gearing up to Become the King of Beverly Hills As He Makes This Record-Breaking Purchase

Laurence Blake Mar 05, 2021
0Shares
0 0 0 0 0

After nabbing the title for the wealthiest person in the world once again, billionaire Jeff Bezos has taken another title thanks to some recent record-breaking real estate purchases.

Expensive Purchases

The couple’s relationship was first made public by The National Enquirer in early 2019

 

Bezos, perhaps looking for a new place now that he’s found new love with girlfriend Lauren Sanchez, reportedly acquired two large properties right in the heart of Beverly Hills.

The 56-year-old Amazon CEO spent a combined $255 million as he purchased a total of about 130 acres of the Californian city’s landscape.

This massive expense accounts for just 0.2% of the businessman’s reported $129 billion. Broken down, he paid $165 million for a 10-acre property and $90 million for a 120-acre one.

While spending $255 million on real estate alone is impressive enough, Bezos’ dues don’t in this initial payout given California’s property taxes.

He will have to pay an extra $5 million a year in taxes alone for his latest acquisitions. Give his fortune though, that wouldn’t surely be a problem.

The mansion features Georgian-style architecture as well as a Greek portico

 

The Warner Estate

His first purchase is the Jack L. Warner Estate, which as the name suggests is the former home of the entertainment executive.

The transaction resulted in Bezos setting the current record for the priciest sale in the history of the state beating out Lachlan Murdoch’s earlier $150 million transaction when he bought the Beverly Hillbillies mansion.

The 10-acre property is home to a 13,600 square feet mansion, a nine-hole golf course, and a tennis court. It was also once owned by another entertainment executive, David Geffen who acquired it for $47.5 million back in 1990. Adjusted for inflation, that price tag is the equivalent of $93 million today.

Hilltop Knoll

It is still unknown what Bezos’ plans are for the currently blank property

 

Just a few minutes away from the mansion is Bezos’ second purchase, Enchanted Hill. The property is located on a vacant hilltop in an area known as Beverly Hills Post Office.

Like the billionaire’s other purchase, the 120-acre lot once belonged to a famous owner. This time it’s the late Microsoft co-founder Paul Allen.

There was originally an expansive mansion standing on the piece of land but Allen decided to tear it down to build two of his own. However, the plan never pushed through leaving the lot overrun with brush as it is today.

Share This
0Shares
0 0 0 0 0
Previous Article
Kylie Jenner’s Business Keeps Receiving Blows after Blows – The Latest One Will Shock You!
Next Article
From A Sack-Wearing Kid to Self-Made Billionaire: Oprah Winfrey’s Journey to Success
Comments (0)

Leave a Reply Cancel reply

You must be logged in to post a comment.

Related News

Celebrity
Comedian Tiffany Haddish Has Her Eyes Set On Brad Pitt — Is The Feeling Mutual?  
Arielle Azalea Nov 25, 2022
Celebrity
The Celebrities Leaving Twitter After Elon Musk’s Takeover
James Wiley Nov 09, 2022
Celebrity
Kim Kardashian Is Being Sued By The Securities And Exchange Commission For “Illegally Promoting” A Cryptocurrency Security
Sven Kramer Oct 11, 2022
Celebrity
Mark Wahlberg Is All Set To Collaborate With Conor McGregor In An Upcoming Hollywood Movie
Sven Kramer Aug 31, 2022
Editors Nation
  • Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Terms Of Use

Copyright . All RIGHTS RESERVED.

  • Lost Password Back ⟶
  • Login
  • Register
Lost Password?
Registration is disabled.