According to a report by the Wall Street Journal, the world's wealthiest person Jeff Bezos bought the Warner Estate in Beverly Hills for a whopping $165 million. He bought the property from media mogul David Geffen. This is a record deal for the Los Angeles area.
The 9.4-acre property was originally purchased in 1990 for $47.5 million and is named after Jack Warner, the head of Warner Bros. Studio who built a mansion on the estate in 1937.
Last year, a similar record deal was made when media executive Lachlan Murdoch paid roughly $150 million for Chartwell, a Bel Air estate.
It isn't clear if Bezos plans to make the Warner estate his primary home.
Bezos and his TV presenter girlfriend Lauren Sanchez have been searching for a home for the past year, according to the New York Post.
According to reports, Bezos also bought an underdeveloped land in LA for over $90 million, previously owned by Microsoft co-founder Paul Allen, who died in 2018.