New York (HRNW) Amazon Chief Executive Jeff Bezos, the world’s wealthiest person, has bought the Warner Estate in Beverly Hills from media mogul David Geffen for $165 million, the Wall Street Journal reported on Wednesday, citing people familiar with the transaction.
The deal marks a record for the Los Angeles area.
The previous residential record was set late last year, when media executive Lachlan Murdoch paid roughly $150 million for Chartwell, a Bel Air estate used as the Clampett residence in the television show “The Beverly Hillbillies,” the Journal reported.
Geffen purchased the 9.4-acre (3.8-hectare) estate in 1990 for a reported $47.5 million. It is named for Jack Warner, the head of Warner Bros. Studio who built the mansion in 1937.
It was not immediately clear if he plans to make the Warner estate his primary home.