Jeff Bezos buys Los Angeles property for record $165 mn

San Francisco: Amazon CEO Jeff Bezos has created a record with a new deal in Los Angeles when he bought the Warner Estate for $165 million (roughly Rs 1,178 crore), The Wall Street Journal reported.

This is the biggest residential deal in the Los Angeles area as the previous record was created last year for a deal worth roughly $150 million when media executive Lachlan Murdoch acquired Chartwell, a Bel-Air estate.

According to a report in The Verge, the Warner Estate bought by Bezos spreads out over nine acres in Beverly Hills.

Designed in the 1930s for Jack Warner, who was the former president of Warner Bros., the Warner Estate came up after nearly 10 years of work.

The estate has terraces, guest houses, a tennis court, and a golf course. (IANS)

Also Read: Los Angeles Lakers winning streak comes to an end

Also Watch: International Day of Women and Girls in Science observed at Assam Startup the Nest in Guwahati