Amazon CEO Jeff Bezos has reportedly dropped some serious cash on a new Los Angeles property. The Wall Street Journal reported the richest man in the world purchased a mansion in Beverly Hills for a whopping $165 million, shattering the record for LA property sales.

The nine-acre Warner Estate had previously been owned by billionaire and former record executive David Geffen, who bought the property in 1990, for $47.5 million in cash. He compared the estate to the Palace of Versailles and is said to have listed the home initially for $225 million.

The mansion was originally built in a Spanish Colonial Revival style. It was later remodeled as a Georgian in the 1930s by Roland Coates for Warner Bros. co-founder Jack L. Warner. Marilyn Monroe is rumored to have once stayed in the home.

In addition to its sprawling acreage, the main home boasts 13,000 square feet and a 300-foot driveway lined with trees. The property makes use of its size with an included tennis court, nine-hole golf course, swimming pool and multiple garages with their own gas pumps. Inside, the mansion reportedly features eight bedrooms, a bar with a domed ceiling, a card room, and a screening room with a standard-size theatrical screen.

Bezos was listed as the 25th biggest landowner in the U.S. in the 2019 Land Report. In addition to this new LA estate, he was known to have owned a penthouse and two adjacent apartments in New York City, another estate in an exclusive suburb of Seattle, two more Beverly Hills mansions, the largest home in Washington, D.C., and a property in Texas. It is unknown if and how these properties were divided in his recent divorce from Mackenzie Bezos.

Bezos is currently worth nearly $130 billion. This new purchase equals roughly one-eighth of 1% of his total wealth. 

CEO of Amazon Jeff Bezos gestures as he addresses the Amazon's annual Smbhav event in New Delhi on January 15 CEO of Amazon Jeff Bezos gestures as he addresses the Amazon's annual Smbhav event in New Delhi on January 15 Photo: AFP / Sajjad HUSSAIN