Jeff Bezos is renovating a former Textile Museum to be his new home base in Washington, DC. Harrison Jacobs/Business Insider
Jeff Bezos is so rich that the value of $1 to the average person is about $88,000 to the Amazon founder.
Needless to say, a $12 million home renovation at the site of his Washington, DC, compound isn’t a budget crusher.
In 2016, Jeff Bezos paid $23 million in cash for the property in DC’s exclusive Kalamora neighborhood, home to the Obamas and Ivanka Trump and Jared Kushner.
While the property doesn’t appear to offer much privacy in the front — it was the site of the Textile Museum for about a century — it includes two separate structures with a total of nearly 27,000 square feet of living space and a spacious backyard.
