"Jeff Bezos Adds $90 Million Miami Mansion to Growing Real Estate Portfolio"

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Source: Yahoo Finance
"Jeff Bezos Adds $90 Million Miami Mansion to Growing Real Estate Portfolio"
Photo: Yahoo Finance
TL;DR Summary

Jeff Bezos, the world's second-richest individual, has purchased a $90 million mansion in Florida's exclusive Indian Creek Island, following his acquisition of two other properties for a combined $147 million. The new property, bought through an off-market deal, is valued at $41 million by Zillow, but Bezos paid a premium, possibly due to its location and potential as a custom home site. Bezos's relocation to Florida coincides with selling approximately $8.5 billion worth of Amazon shares, taking advantage of the state's favorable tax environment. Reports suggest Bezos plans to demolish the first two properties to build a mega mansion, although this has not been officially confirmed.

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