For $36 million, Jeff Bezos assisted his parents in purchasing a beachfront mega-mansion with six bedrooms and seven bathrooms in Coral Gables, Florida.
Additionally, Mike and Jackie Bezos are considering spending a cool $40 million on the property next door.
According to the NY Post, the multi-billionaire founder of Amazon, who is infamous for allegedly forcing its warehouse workers to urinate into plastic bottles, has kindly assisted his parents in making the $74 million mega-purchase.
Deal was completed about the same time that Bezos, 58, and his TV celebrity girlfriend Lauren Sanchez, 52, were seen yesterday strolling hand in hand in London’s affluent Mayfair neighbourhood.
He had supper with Tom Cruise earlier this week at a private member’s club after taking a VIP tour of Buckingham Palace.
One of only two properties in the gated community, his parents’ new luxury 12,000 square foot waterfront mansion with ocean access is referred to as a “2021 Masterpiece” and is expected to eventually belong to Mike and Jackie as well.
Despite the fact that the house next door is listed as being not for sale, Bezos could need to use all of his charm and resources to persuade the existing owners to sell their house.
Using a $5 million Bank of America loan, a Delaware company connected to Jeff Bezos’ parents purchased the property.
On Mercer Island in Washington, the Bezos Family Foundation, which is controlled by Mike and Jackie Bezos, Jeff’s mother and stepfather, respectively, for 25 years, and Forgotten Fountain LLC, shares an address.
The former CEO of PetsMD, Raul Calvoz, and Raquel Cordon, who purchased the property in 2018 for $8.5 million, conducted a thorough gut makeover.
A fixer-upper that might help to explain why the value of the house has increased fourfold in just four years.
The nearly 2-acre estate has a covered terrace, a second-story terrace, and a large pool area with a fully functional kitchen, eating room, and barbecue grill. It also has 200 feet of water views.
An “epicurean dream” chef’s kitchen inside the mansion, complete with a gas burner, a cooking island, a food warmer, two ovens, and a large window overlooking the pool and river, will make the cook Bezos’ parents employ very happy.
The elderly can also use the indoor climbing wall and gym on peaceful winter weekends before relaxing in the wine cellar or taking a tour of the nine-car garage.
Mike and Jackie Bezos were believed to be independently affluent and may have been able to finance it even if a helping hand from their successful son may have been appreciated.
Along with the fortune that Mike’s job in the oil sector brought them, the couple invested $250,000 in their son’s $1 trillion company back in the 1990s.
It appears that real estate agent Lourdes Alatriste of Douglas Elliman, who represented both the buyer and seller, negotiated a clever arrangement between her clients because the home was initially offered for $25.8 million in 2020.
The deal on the neighbouring house, which was most recently sold in 2019 for $14 million, is anticipated to close soon for $40 million. There are five bedrooms and five bathrooms in that 8,700 square foot house.
According to Forbes, Jeff Bezos, the third-richest person in the world behind Elon Musk and Bernard Arnault, has a net worth of more than $140 billion. He has amassed a sizable real estate portfolio over the years.
The former CEO of Amazon, who retired in February 2021, has properties worth millions of dollars in New York, Washington, DC, Los Angeles, Beverly Hills, Texas, Seattle, and now Florida.
Even that he was attempting to purchase his parents a home in Maui, Hawaii, was the subject of speculation.
Blue Origin, a space business, was established by Bezos in 2000. In 2020, the business launched its millionaire founder into space aboard the New Shepard spaceship, travelling 61 miles above Earth.
When Jacklyn gave birth to him in 1957, she was only 17 and still in school.
Ted Bezos’ father was divorced by Jackie in 1965, and shortly after, she wed Miguel “Mike” Bezos.
When Jeff was four years old, Mike consented to adopt him and brought him up as his own.
Mike immigrated to the US from a family of Cuban immigrants and began working as an engineer for Exxon.
People still had their doubts about the internet, so the $245,573 they loaned him as an investment in his new company Amazon in 1995 was seen as both a tremendous quantity of money and a huge risk.
However, the risk paid off because their kid is now a multi-billionaire and they are now the proud owners of a brand-new mansion in Miami.