BEVERLY HILLS—Amazon founder, chairman, and CEO Jeff Bezos purchased a $12.9 million home in Beverly Hills, the Los Angeles Times first reported on Thursday, August 3.

The 4,586-square-foot home, which was never publicly listed for sale, sits on a half-acre lot that abuts the 11,891-square-foot, Spanish-style mansion Bezos bought in 2007 for $24.5 million. Built in 1956, the residence features four bedrooms, six bathrooms, a formal dining room, a living room, and two fireplaces. The property includes mature trees and foliage, outdoor patio space, a swimming pool, and a driveway with two gated entrances.

Built in 1994, Bezos’ larger property spans over two acres, bringing his combined estate to about 2.5 acres. The two homes reportedly form a horseshoe around a third property that he does not currently own, leading to speculations of whether he will eventually acquire the land.

Bezos, 53, founded in 1994 and initially set up the business in his garage. The company, which began as an online book merchant, expanded into the world’s largest online shopping retailer. In 2000, he founded Blue Origin, a spaceflight services company that aims to enable human access to space, while decreasing costs and increasing reliability. In 2013, he announced his purchase of The Washington Post for $250 million.

Bezos currently owns nearly 81 billion shares in Amazon and has a net worth of approximately $85 billion, making him one of the richest people in the world, according to reports. On July 27, he briefly became the world’s richest person, temporarily surpassing Bill Gates with a net worth of over $90 billion. Amazon’s stock dipped later that day, causing him to return to second place behind Gates, who held the title since 2013.