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Jeff Bezos has found a new place to call home for $165 million, PEOPLE confirms.

The billionaire Amazon CEO, who is currently the richest man in the world, has purchased the home of music mogul David Geffen in Beverly Hills. A private broker handled the deal.

Rumors had been floating for several weeks that Bezos was shopping for a new L.A. area home in the $100-million-plus range.

The 9-acre estate was originally built for the late movie executive and Warner Bros. founder Jack Warner in the 1930s. A 1992Architectural Digestspread on the historic property describes it as “13,600-square-foot, Georgian-style mansion.”

Outside, the home boasts, terraces, gardens, a nursery and three hot houses. The grounds also include two guesthouses, a tennis court, swimming pool, and nine-hole golf course. It reportedly took Warner ten years to complete, according toAD.

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After demolishing several neighboring mansions, Warner hired architect Roland E. Coate to reimagine and expand the existing Spanish Colonial-style home to suit the tastes of the day. Actor-turned-decorator William Haines outfitted the ornate interiors, which featured a two-story entryway, parquetry floors and a cantilevered staircase.

Jeff Bezos (left), David Geffen.Phillip Faraone/Getty Images; Juanito Aguil/Getty Images

Jeff Bezos, David Geffen

The home already has serious Hollywood pedigree. TheADfeature quotes actress Olivia de Havelland, 103, recounting a star-studded evening at the home: “I remember one New Year’s Eve party in 1939 or 1940,” she says. “All the men were glorious in white tie. Errol Flynn was behind the bar, Howard Hughes was my date, and Jimmy Stewart was seated on a stool . . . Dolores Del Rio in a white satin gown that contrasted her dark hair and dark eyes. Ann Warner, herself a striking presence. Those beautiful women, looking marvelous in this wonderful setting.”

Geffen bought the estate for $47.5 million that same year, according toWSJ.

Decorator Rose Tarlow outfitted the space for its new owner in a more livable style, theTribunereported.

“David has quite a bit of his own contemporary furniture that he’d like to use in the house, along with a major collection of contemporary paintings,” she told the outlet. “He is a young, single man, and the Warner pieces, while they are lovely, just don’t fit in with his lifestyle.”

The businessman is currentlyworth $131 billionaccording to Bloomberg’s Billionaires Index.

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In January 2019, the CEO and his ex-wife, MacKenzieannounced they were divorcingafter 25 years of marriage. Their divorce wasfinalized in July. Shortly after Bezos and MacKenzie made their announcement, PEOPLE confirmed Sanchez, a formerGood Day LAcohost, wasdivorcing Hollywood agent Patrick Whitesellafter 13 years of marriage.

source: people.com