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Market Digest Nigeria

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Amazon CEO Jeff Bezos buys biggest house in D.C. for $23 million

While Amazon’s Jeff Bezos made his first appearance in the top ten list of world’s richest people of 2016, he has also made his presence felt in real estate market by buying the largest home in Washington D.C. Jeffrey P. Bezos who is also the owner of The Washington Post, payed $23 million in cash for a 10-bedroom mansion on S Street NW.

 

The property totals 27,000 square feet, and Bezos reportedly intends to turn it into a single-family home, the largest in Washington, DC. The deal closed for $23 million on October 21, with the buyer named as Cherry Revocable Trust. It was most recently listed for $22 million.

The homes sit in the Kalorama section of DC, a popular destination for well-heeled Washington residents. The Obamas will move to a house in the neighborhood after the president leaves office on January 20, and Ivanka Trump and Jared Kushner’s newly purchased DC home sits just a stone’s throw away. Bezos has an estimated net worth of $69.5 billion.The Post notes that Bezos and his family will likely use the space as a pied à terre, maintaining his primary residence in Washington state. Renovation plans are currently under review by the neighborhood historical commission.

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