Jeff Bezos has bought a Beverly Hills mansion for US$165 million, according to a person with knowledge of the matter, setting a record for a Los Angeles-area home.

The world’s richest man bought the 9-acre property from David Geffen, said the person, declining to be identified as the details are private. The sale was reported earlier Wednesday by the Wall Street Journal.

The purchase of the so-called Warner Estate by the Inc. founder is the latest in a string of mega-deals for residential properties in the U.S.

Lachlan Murdoch, the son of media mogul Rupert Murdoch, was one of at least four people to pay more than US$100 million for a home in the U.S. last year. The others include the record US$238 million Citadel founder Ken Griffin plunked down in January 2019 for a New York penthouse at 220 Central Park South. In December, fellow hedge fund billionaire Steven Schonfeld and his wife Brooke closed on a mega-mansion in Palm Beach, Florida, for $111 million.

The record breaking sale represents only a sliver of the $4.1 billion worth of Amazon shares Bezos sold in the span of a week earlier this year, according to regulatory filings.

--With assistance from Sophie Alexander.