Bezos buys Warner Estate in Beverly Hills for record $165 million

LOS ANGELES (Reuters) - Amazon Chief Executive Jeff Bezos, the world's wealthiest person, has purchased a Beverly Hills mansion known as the Warner Estate from media mogul David Geffen for $165 million, a source familiar with the deal said on Wednesday.

The sale price is believed to be the highest in a Los Angeles-area residential real estate transaction, surpassing the previous record of $150 million reportedly spent by media executive Lachlan Murdoch last year to buy the Chartwell estate in Bel-Air.

The Chartwell chateau was familiar to television viewers of the 1960s as the palatial home of the fictional Clampett family in the CBS classic sitcom “The Beverly Hillbillies.”

The 9.4-acre (3.8-hectare) property sold by Geffen to Bezos - in a deal first reported by the Wall Street Journal - boasts a stately Hollywood pedigree all its own. It is named for Jack Warner, the Warner Bros Studio chief who built the mansion in 1937.

Geffen purchased the Warner Estate in 1990 for $47.5 million, a then-record price for a Los Angeles-area home, according to the Journal. The Chartwell property set a new all-time high for the state when it sold for about $150 million late last year, the Los Angeles Times reported at the time.

Bezos, whose net worth was estimated by Forbes at $131 billion this year, owns properties around the world. It was not immediately clear if the Amazon CEO plans to make the Warner Estate his primary home.

Last week, the New York Post reported that Bezos and his girlfriend, Lauren Sanchez, were house hunting in Los Angeles and touring mansions throughout the area. Bezos has been searching for a home for the past year, according to the Post.

The Wall Street Journal said Bezos purchased three New York apartments earlier this year in a deal valued at about $80 million.

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 told Reuters. The Allen property was purchased as an investment property, according to the source.

The Warner Estate, the Journal reported, features expansive terraces, sprawling gardens, several guest houses, a tennis court and a nine-hole golf course.

"No studio czar's residence, before or since, has ever surpassed in size, grandeur, or sheer glamor the Jack Warner Estate on Angelo Drive in Benedict Canyon," according a passage from the book "The Legendary Estates of Beverly Hills" quoted by the Journal.

(Reporting by Bill Tarrant and Steve Gorman in Los Angeles; Editing by Leslie Adler and Kim Coghill)

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Jeff Bezos and Lauren Sanchez
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Jeff Bezos and Lauren Sanchez
TOPSHOT - Chief Executive Officer of Amazon Jeff Bezos (L) and his girlfriend Lauren Sanchez pose for a picture during their visit at the Taj Mahal in Agra on January 21, 2020. (Photo by Pawan Sharma / AFP) / ALTERNATE CROP (Photo by PAWAN SHARMA/AFP via Getty Images)
MUMBAI, INDIA - JANUARY 16: Lauren Sanchez and Jeff Bezos attend the Amazon Prime Video celebration on January 16, 2020 in Mumbai, India. (Photo by Prodip Guha/Getty Images)
MUMBAI, INDIA - OCTOBER 16: Amazon CEO Jeff Bezos, right along with American news anchor Lauren Sanchez poses for photographs during a blue carpet event organized by Amazon Prime Video in Mumbai, India on January 16, 2020. (Photo by Imtiyaz Shaikh /Anadolu Agency via Getty Images)
CEO of Amazon Jeff Bezos (R) and his girlfriend Lauren Sanchez (L) pose for pictures as they arrive to attend an event in Mumbai on January 16, 2020. (Photo by Sujit Jaiswal / AFP) (Photo by SUJIT JAISWAL/AFP via Getty Images)
LONDON, ENGLAND - JULY 14: Jeff Bezos and his partner, Lauren Sanchez, look on from the Royal Box on Centre Court on Day 13 of The Championships - Wimbledon 2019 at the All England Lawn Tennis and Croquet Club on July 14, 2019 in London, England. (Photo by Simon Stacpoole/Offside/Getty Images)
CEO of Amazon Jeff Bezos (R) and his girlfriend Lauren Sanchez (L) pose for pictures as they arrive to attend an event in Mumbai on January 16, 2020. (Photo by Sujit Jaiswal / AFP) (Photo by SUJIT JAISWAL/AFP via Getty Images)
LONDON, ENGLAND - JULY 14: Jeff Bezos and his partner, Lauren Sanchez, look on from the Royal Box on Centre Court on Day 13 of The Championships - Wimbledon 2019 at the All England Lawn Tennis and Croquet Club on July 14, 2019 in London, England. (Photo by Simon Stacpoole/Offside/Getty Images)
February 12, 2019 - The Jeff Bezos / National Enquirer American Media Publishing scandal involving alleged blackmail, extortion, racy texts and compromising photographs continues to escalate. - File Photo by: zz/Doug Peters/STAR MAX/IPx 2010 3/7/10 Lauren Sanchez at the Vanity Fair Oscar Party. (West Hollywood, CA)
February 12, 2019 - The Jeff Bezos / National Enquirer American Media Publishing scandal involving alleged blackmail, extortion, racy texts and compromising photographs continues to escalate. - File Photo by: zz/Dennis Van Tine/STAR MAX/IPx 2017 12/14/17 Jeff Bezos at the premiere of "The Post" in Washington, DC.
February 12, 2019 - The Jeff Bezos / National Enquirer American Media Publishing scandal involving alleged blackmail, extortion, racy texts and compromising photographs continues to escalate. - File Photo by: zz/Galaxy/STAR MAX/IPx 2010 1/17/10 Lauren Sanchez at the 67th Annual Golden Globe Awards. (Beverly Hills, CA)
February 12, 2019 - The Jeff Bezos / National Enquirer American Media Publishing scandal involving alleged blackmail, extortion, racy texts and compromising photographs continues to escalate. - File Photo by: zz/Dennis Van Tine/STAR MAX/IPx 2017 12/14/17 Jeff Bezos at the premiere of "The Post" in Washington, DC.
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