₹1200 crore: Jeff Bezos sets record with new home purchase

Seattle/San Francisco: Jeff Bezos is on a shopping spree befitting the world’s richest man. The Amazon.com Inc. founder agreed to pay $165 million ( ₹1200 crore) for a Beverly Hills mansion on nine acres, according to a person with knowledge of the matter, setting a record for a Los Angeles-area home.

The property designed for Hollywood film titan Jack Warner in the 1930s was described by Architectural Digest in 1992 as the “archetypal studio mogul’s estate,” built in Georgian style with expansive terraces and its own nine-hole golf course.

It’s emerging just days after regulatory filings showed Bezos cashed out $4.1 billion of Amazon shares and comes amid reports that he’s also entered the art market.