Jeff Bezos buys David Geffen’s Beverly Hills estate for LA record price of US$165 million

Jeff Bezos

Two months since Lachlan and Sarah Murdoch paid a record US$150 million for a Los Angeles home, Amazon founder Jeff Bezos has trumped them.

The world’s richest person is paying film studio executive David Geffen a speculated US$165 million ($A244.8 million) for a 1263 square metre Georgian style mansion on a 3.6 hectare block in Angelo Drive, Beverly Hills.

The Wall Street Journal, with this item, broke news of the deal, which has subsequently been confirmed by other media outlets.

Built by late film executive Jack Warner, reportedly over 10 years from the 1930s, the property includes a nine hole golf course, three hot houses, two guest homes, a nursery, tennis court and swimming pool.

Mr Geffen paid US$47.5 million for the estate in 1990.

Mr Warner’s household goods – including a portrait of his wife, Anne, painted by Salvador Dali, a silver Bentley and English antiques – were auctioned prior to the home sale.

Mr Bezos reweighting his property portfolio

It is also being reported today that Mr Bezos has spent US$90 million for a portion of a property owned by late Microsoft co-founder Paul Allen.

This holding, it is believed, will be used by Amazon for business purposes.

Mr Bezos, with a worth estimated to be about US$131.9 billion, also owns a mansion in Washington DC and 170,000 hectare desert estate, in Texas.

Last June we reported the businessman spent US$80 million on three adjoining Manhattan apartments forming the top four floors of an Art Deco building at 212 Fifth Avenue (pictured, below).

That apartment is not far from the US$238 million dwelling which sold prior to completion 13 months ago to Ken Griffin, a billionaire fund manager.

Mr Griffin’s deal remains the priciest publicly recorded for a US home.

Two months ago, the Murdoch’s acquired Chartwell, in Bel Air, from the estate of media mogul Jerrold Perenchio.

Last June, it was reported Mr Bezos acquired the three level penthouse, and two apartments covering the floor beneath it, of an Art Deco tower at 212 Fifth Avenue, New York.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco