"The 9.4-acre (3.8-hectare) property sold by Geffen to Bezos - in a deal first reported by the Wall Street Journal - boasts a stately Hollywood pedigree all its own. It is named for Jack Warner, the Warner Bros Studio chief who built the mansion in 1937.Geffen purchased the Warner Estate in 1990 for $47.5 million, a then-record price for a Los Angeles-area home, according to the Journal. It was not immediately clear if the Amazon CEO plans to make the Warner Estate his primary home.Last week, the New York Post reported that Bezos and his girlfriend, Lauren Sanchez, were house hunting in Los Angeles and touring mansions throughout the area. The Allen property was purchased as an investment property, according to the source.The Warner Estate, the Journal reported, features expansive terraces, sprawling gardens, several guest houses, a tennis court and a nine-hole golf course. "No studio czar's residence, before or since, has ever surpassed in size, grandeur, or sheer glamour the Jack Warner Estate on Angelo Drive in Benedict Canyon," according a passage from the book "The Legendary Estates of Beverly Hills" quoted by the Journal.

Source: Economic Times February 13, 2020 11:37 UTC