Jeff Bezos Expands Real Estate Portfolio with $190 Million Worth of Properties
ICARO Media Group
In a surprising revelation, Amazon founder and billionaire Jeff Bezos has been discovered to possess a Washington state real estate portfolio valued at a staggering $190 million, including five previously undisclosed homes. This news comes after Bezos had recently announced his departure from Seattle to embrace a new life in Miami with his fiancée Lauren Sanchez.
According to reports from Business Insider, Bezos embarked on a home-buying spree worth $45 million immediately following his highly-publicized divorce in 2019. The purchases consisted of four properties situated in the exclusive Hunts Point area, popular among the nation's top 1%. Property tax records and records associated with Bezos' business ventures were cross-referenced to uncover these acquisitions.
One of the most notable properties acquired by Bezos was a magnificent mansion overlooking Lake Washington which had an eye-watering price tag of $37.5 million. With a sprawling 9,400-square-foot layout, this exquisite estate encompasses 3.25 acres with an impressive 300 feet of coastline. Its amenities include a rooftop deck with a fireplace, a glass bridge connecting to a guest house, and breathtaking views of the lake.
The buyer of this property was concealed under an LLC named Hunts Point Properties, as reported by The Seattle Times. Previously, this mansion had been owned by the late art collector and one of Build-A-Bear Workshop's initial investors, Barney Ebsworth.
Hunts Point, known for its affluence, boasts an average household income of $597,130, according to the World Population Review. It is home to a select group of tycoons such as Microsoft founder Bill Gates, former Microsoft CEO Steve Ballmer, members of the Nordstrom family, telecom magnate Craig McCaw, and former Costco CEO James Sinegal.
Meanwhile, the other three homes Bezos acquired in close proximity to his lavish estate in Hunts Point were reportedly intended for his staff, as per Insider. These residences, purchased for prices ranging from $1.8 million to $3.3 million, are considerably more modest but were still acquired through trusts and LLCs as means to preserve Bezos' anonymity.
Insider discovered that two agents from Gavin de Becker & Associates, an elite security firm known for protecting Bezos, have connections to one of the three staff homes. It is no secret that Bezos invests a significant portion of his wealth into ensuring his personal security, with an annual expenditure upwards of $1.6 million.
Neighboring residents confirmed that Bezos' security staff and employees reside in these smaller Hunts Point-area properties, as the outlet reported. One resident even stated that they had interacted with the people living in these homes, who confirmed their employment with the Amazon founder.
Bezos also retains ownership of his Medina mansion, an opulent residence located within 10 miles of Amazon's Seattle headquarters. This impressive estate, purchased through a trust, shares the same property tax address as properties bought by Bezos and his ex-wife MacKenzie Scott prior to their divorce.
Initially, Bezos acquired a 20,600-square-foot house with five bedrooms and four bathrooms for $10 million in 1998. In 2005, he further expanded the property by purchasing a neighboring 8,300-square-foot mansion for a reported $50 million. Following a $28 million renovation, the two homes were merged into a grand 5.3-acre estate featuring a 25,000-square-foot Tudor-style mansion with six bedrooms and nine bathrooms. Additional amenities include indoor and outdoor pools, a large guest house, and direct access to Lake Washington.
These Washington state properties are only a fraction of Bezos' extensive real estate holdings across the country. He also made headlines with his purchase of a $165 million mansion in Beverly Hills, California, from billionaire producer David Geffen. Additionally, Bezos owns a vast 30,000-acre ranch in West Texas, near the base of his aerospace company, Blue Origin, and a $96 million Fifth Avenue apartment occupying several floors in a building overlooking Madison Square Park.
Bezos' recent acquisitions in Miami mark a homecoming of sorts for the mogul, who graduated from Miami Palmetto Senior High School in 1982. These transactions, totaling $147 million, involve a $79 million, seven-bedroom, 14-bathroom property, as well as a neighboring $68 million, three-bedroom, three-bathroom mansion on Florida's exclusive "Billionaire Bunker" island.
It remains to be seen whether Bezos intends to combine these two lots and create a sprawling residence, much like his transformation of the Medina estate. The island, populated by a mere 81 individuals, includes other notable residents such as Tom Brady, Ivanka Trump, Jared Kushner, and former owner of the Philadelphia Eagles, Norman Braman.
According to The Land Report, Bezos currently ranks as the 24th-largest landowner in the United States, trailing behind prominent figures like John Malone and Ted Turner. His extensive real estate empire symbolizes his vast wealth and affirms his status as one of the world's wealthiest individuals.
As Jeff Bezos bids farewell to his Seattle dwellings and embraces a new life in Miami, his exceptional real estate investments continue to astound the world.