Jeff Bezos, Lauren Sanchez Shack Up in Kenny G’s Malibu Compound

As the third richest person on the planet, Jeff Bezos unsurprisingly maintains a prodigious portfolio of conspicuously expensive, high-maintenance homes, boats, and airplanes.

The globe-galivanting gajillionaire, who founded Amazon in late 1994 and stepped down as CEO in early 2021, has been bobbing around the Mediterranean for the last week or so on Koru, his brand-spanking-new 417-foot sailing yacht that, not including its 246-foot support vessel, cost an estimated half a billion dollars to build. Among its many attributes and amenities, the three-masted boat sports a voluptuous wooden figurehead that looks an awful lot like his girlfriend of five years, Lauren Sanchez.

It’s apropos, then, that the money-is-no-object lovebirds, both in their 50s, were reported to have gotten engaged this week while aboard the ship-sized schooner that bears Sanchez’s likeness on her prow. As of this writing, they’ve yet to confirm or deny their betrothal, but the helicopter-flying broadcast entertainment reporter turned philanthropist was photographed while aboard Koru this week with a gigantic, multimillion-dollar engagement-style sparkler on the ring finger of her left hand.

When they’re ready to put their sea legs on some terra firma, Bezos and Sanchez can choose one of about half a dozen sumptuous homes scattered across the United States. And according to recent reports, they’ll likely return to Los Angeles, where Bezos owns a 10-acre estate in a prime part of Beverly Hills that he picked up a few years ago from David Geffen for a traffic-stopping $165 million.

However, Bezos’ BevHills abode is under construction inside and out —a new pool and pool house, new windows, updated landscaping — and has been for quite some time. Therefore, the couple is headed out to Malibu, where since at least March they’ve rented a bluff-top compound on Malibu’s Point Dume.

The Malibu estate was misidentified in at least one press report as being owned by celebrity money manager Lester Knispel, whose A-list clients have included Mariah Carey, Nicki Minaj, Shaquille O’Neal, and the entirety of the Kardashian family. The multi-structure compound is not, however, owned by Knispel but rather by another of his longtime clients, Kenneth Gorelick, otherwise known as adult contemporary and smooth jazz saxophonist Kenny G.

The saxophonist first purchased the property with the main house in 1998 for $12.5 million, and about two years later, he shelled out another $3 million for the smaller house next door. According to various reports, which may or may not be entirely accurate, the Cape Cod-style main house was built in the early 1990s and has six bedrooms in about 5,500 square feet. Behind the house, there’s a pool, a lush lawn, and an al fresco dining patio near the bluff’s edge.

Other structures on the completely customized 2.5-acre property include a 3,500-square-foot guesthouse and entertainment pavilion alongside the tennis court (it has two bedrooms, four bathrooms, a nine-foot grand piano, and a 16-foot banquet table), a 1,500-square-foot recording studio, a bungalow with office space and a screening room, and, tucked into the bluff above the beach and ocean, a two-story guest house. There’s a gate key to Little Dume Beach, one of the most exclusive and difficult-to-access beaches in Malibu.

It isn’t known how much Bezos and Sanchez are shelling out for the property, but it was revealed earlier this year through a court case in which Gorelick sought to end the $40,000 per month spousal support paid to his ex-wife since their 2013 divorce that the famously emotive woodwind maestro hauls in a whopping $600,000 a month in rental income with, according to court records, “very negligible expenses.” Presumably a good chunk of that comes from leasing out his Malibu compound for short bits of time to some of the world’s richest people.

When they get tired of paying rent in Malibu, Bezos and Sanchez can hop on one of the Amazon billionaire’s two $70 million Gulfstream G650ER jets and head up to Washington, where Bezos has long presided over a vast lakefront compound in Medina, or they can flit over to Hawaii, to the $78 million spread on Maui’s Le Perouse Bay that he scooped up in late 2021.

Bezos also owns what is thought to be the largest private house in Washington, D.C. (along with the house across the street!), and his New York holdings include a four-unit duplex in an elegant Art Deco building on New York City’s Central Park West as well as a handful of units overlooking Madison Square Park that together span more than 20,000 square feet and cost nearly $120 million.