Jeff Bezos to sell 50 mn Amazon shares in next 12 months
The sales will occur "over a period" ending January 25 of next year "subject to certain conditions,” the filing read, reports Fox Business.
Amazon founder Jeff Bezos, who is also the world’s richest man, has recently bought the Warner Estate in Beverly Hills for whopping $165 million.
The deal marks the latest residential record for the Los Angeles area.
Previously, the record was set by media executive Lachlan Murdoch, who paid approximately $150 million for Chartwell, a Bel Air estate. The property was used as the Clampett residence in the popular television show ‘The Beverly Hillbillies,’ Reuters report stated.
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Bezos’ 9.4-acre Beverly Hills estate was previously owned by media mogul David Geffen since 1990, who had purchased it for $47.5 million.
The property was initially designed for Hollywood film titan Jack Warner in the 1930s. Built-in Georgian style, the property was described as ‘archetypal studio mogul’s estate,’ by Architectural Digest in 1992.
As per the reports, Bezos and his girlfriend have been hunting for a home for the past year. However, it was not immediately known if the duo plans to make the Warner estate as their primary residence.
(With input from agencies)
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