When Amazon founder Jeff Bezos agreed to pay $23m for a Washington D.C. property, as reported by the newspaper he owns, the Washington Post, the tech billionaire added to real estate holdings that include a sprawling $28m lakefront home in Medina, Wash. Yet the purchase of the 27,000-square-foot property, the former Textile Museum, is also shining a light on one of Washington’s most exclusive neighborhoods. Bezos’ new home sits in Kalorama, an upscale area of the city near the White House long known for its exclusivity and affluence. Ivanka Trump and her husband, Jared Kushner, agreed last December to buy a property in the district as they get set to usher in the Trump Administration. The neighborhood, one of Washington’s wealthiest, backs up to Rock Creek Park and is home to diplomats and popular on the cocktail-party circuit.

Source: Forbes January 12, 2017 21:24 UTC