Jeff Bezos, founding father of Amazon.com, has reportedly bought a home throughout the road from one he already owns. Listed here are some theories why.
Photograph: Simon Stacpoole/Offside/Getty Pictures
Is Jeff Bezos purchasing on-line late at evening, and getting carried away? That may very well be the case if the most recent rumors are true that the Amazon.com founder has bought but one other large mansion in Washington, DC—throughout the road from the one he already owns!
In 2017, information broke that Bezos had dropped a cool $23 million (in money, no much less) on the previous Textile Museum property within the posh neighborhood of Kalorama. However now, a supply whispering to the Washingtonian says that Bezos has additionally bought the property on the opposite facet, at 2325 S Street NW, which went in the marketplace on Dec. 6 for $four,995,00zero.
And what a house it’s: Inbuilt 1951, this attractive four,785-square-foot constructing incorporates a four-floor elevator, 700-bottle wine cellar, personal roof deck, and way more that any luxurious house owner would take pleasure in.
Whereas the house’s itemizing agent didn’t verify that Bezos was the customer, there’s good purpose to suspect that this actual property rumor may very well be true. For one, houses with this excessive a price ticket have a tendency to take a seat for months or years earlier than they discover a purchaser, because of the restricted pool of purchasers on this worth vary. But this property acquired snapped up so quick, it’s a must to marvel who may have heard about this sale, and pounced so rapidly, aside from the megabillionaire throughout the road?
However the query nonetheless stands: Why would Bezos purchase a mansion so shut to at least one he already has? The almost certainly purpose is privateness: A home throughout the road has prime peeping alternatives into his important residence, and that is effectively value stopping!
“Privateness is paramount for a lot of, particularly at his stage of wealth and notoriety,” says Cedric Stewart, a Keller Williams Capital Properties actual property agent based mostly close to Washington, DC. And apart from, he provides, “Bezos is used to purchasing issues up and gaining management. I think about actual property isn’t any exception for him. If I had been him, I would look to personal the entire block, and this can be a nice step in that route.”
That is actually the strategy taken by fellow tech titan Mark Zuckerberg, who has snapped up several properties surrounding his important residence in Palo Alto, CA.
And though the value of this DC mansion appears actually excessive to common people, Stewart maintains that “it is a steal in comparison with [Bezos’] main residence.”
However whereas Bezos may have scooped up the home throughout the road for privateness causes, California actual property developer Tyler Drew has a wholly totally different idea for this reported buy.
“These purchases are almost certainly not for private use, although I am certain he’ll keep over just a few days a yr,” Drew says. “No, these residences are greater than probably going to go to Bezos’ full-time lobbying operations and worldwide outreach for Amazon.”
And positively, there are a variety of embassies proper across the nook. Inside strolling distance are Massachusetts Avenue and Embassy Row, the place digital manufacturing powerhouses like Korea, Japan, and India have their embassies.
“Having a big everlasting lobbyist operation within the coronary heart of DC makes nice enterprise sense on the a part of Bezos,” Drew continues.
And Bezos is nothing if not an incredible businessman.
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