Leo Kryss agreed to sell a Miami property for below the asking price, unaware that the Amazon founder was the actual buyer
Brazilian toys and electronics mogul Leo Kryss is suing the real estate agent who he claims persuaded him to knock $6 million off the asking price of his mansion without telling him the buyer was Amazon CEO Jeff Bezos.
Kryss claims he would not have agreed to the discount and would have extracted more than the $79 million that he sold the property for had he known the world’s second-wealthiest person was behind the bid.
Bezos is currently worth over $200 billion, trailing only Tesla and SpaceX CEO Elon Musk. Bezos bought the 19,000-square-foot mansion on Miami’s Indian Creek island, dubbed the “billionaires’ bunker” for being home to numerous billionaires and celebrities, in October. The house, which boasts a wine cellar, library and theater, was initially listed for $85 million.
Kryss is now taking US real estate company Douglas Elliman, which handled both sides of the sale, to court for allegedly concealing the Amazon founder’s identity.
Kryss claimed that Bezos had bought the adjacent property for $68 million in June of the same year, so he suspected that the billionaire was behind the bid on his house and inquired if he indeed was the prospective buyer, according to court filings. Douglas Elliman claimed to have had no such knowledge, according to legal documents. Kryss, who put down $28 million to buy the place back in 2014, agreed to sell the property for $6 million below the asking price.
Only later did he find out that he had sold the property to an entity linked to Bezos. Knowing who the real buyer was would have been “highly material to [Kryss’] negotiations and his decision on the ultimate sales price,” the legal filing states.
His lawyer also claimed the realtor “knew or should have known who the ultimate beneficial purchaser was and misrepresented that very important fact to our client.”
Indian Creek island has 41 addresses, with residents including former US President Donald Trump’s daughter Ivanka Trump, NFL legend Tom Brady, and model Adriana Lima.
In April, Bezos brought his total investment in the area up to $237 million with a $90 million purchase of a third mansion on the Island.
A court hearing is set for October 11.
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