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

Amazon founder Jeff Bezos. PHOTO | AFP 

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 (Sh16.5 billion), 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.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.