Jeff Bezos bought the most expensive property in LA for 0.00125% of his net worth

Jeff Bezos
Jeff Bezos estate

As a comparison, imagine you are making $60,000 per year… you would buy this property for $75. Jeff Bezos has bought the property for $165 million, in Los Angeles, from David Geffen, according to The Wall Street Journal. This might be impossible to imagine for most of us, but for Jeff Bezos, its only an eight of a percent of his $131.9 billion net worth.

The property was designed in 1930s for Jack Warner (former president of Warner Bros), thus the name “The Warner Estate”. It took ten years to build, and it is equipped with terraces, guest houses, a tennis court and a gold course.

As a side note, Amazon payed $0 in federal income tax on $11 billion in before-tax profit in 2018. Nevertheless, this year it will pay $162 million on $13.3 billion in profit, which is 1.2 percent effective tax rate. How rich can one be you might ask? Well… the difference is these people can spend money on airplanes, islands, and other luxuries, whereas you wouldn’t be able to, unless its Bill Gates or Jeff Bezos reading this article, in which case we offer our sincere apologies.

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