Have you viewed the most recent edition of “Forbes 400: The Complete List of America’s Richest People?”
Bill Gates, with a net worth of $81 billion, is voted No. 1 for the twenty-third consecutive year. With a net worth of $65.5 billion, his pal Warren Buffett slid to third place for the first time in 15 years.
As a result of the skyrocketing stock values of hot technology companies, the CEOs of these companies appear to have amassed money at a far faster rate than others. Jeff Bezos, CEO of Amazon.com, gained $20 billion, bringing his net worth to $67 billion and making him the second-richest person in the United States.
Mark Zuckerberg, the chief executive officer of Facebook, rose to fourth place, his highest position ever, with a net worth of $55.5 billion. Larry Ellison, the creator of Oracle, arrived at No. 5 for the first time since 2007. His wealth is 49.3 billion dollars.
Former New York City mayor Michael Bloomberg, CEO of the eponymous corporation Bloomberg L.P., holds the No. 6 position with a net worth of $45 billion.
These six multi-billionaires have a combined total of $363,3 billion, the majority of which is still invested in the firms they started. Nonetheless, a portion of their wealth is invested in real estate. Cascade, Mr. Gates’ private investment entity, has a $170 million residence in Washington, many horse ranches across the United States, and holdings in a few luxury hotel networks.
Here is a glance at the homes of the six wealthiest business magnates:
1. Worth of Bill Gates: $81 billion Medina, Washington is where
Mr. Gates, 60, spends the most of his time in his 66,000-square-foot residence in Medina, Washington, which is dubbed Xanadu 2.0 after the estate of the main character in Citizen Kane. The estate has a view of Lake Washington. Mr. Gates spent seven years and $63.2 million to construct this technologically advanced home. According to public records, he purchased the property for $2 million in 1988, but it is now believed to be worth $170 million.
2. Worth of Jeff Bezos: $67 billion Medina, Washington is where
In the course of creating his e-commerce company, Mr. Bezos, 52, has amassed a massive number of real estate properties throughout the years, earning him the No. 26 spot on The Land Report’s list of America’s largest landowners from the previous year. Forbes reports that he owns a 165,000-acre ranch in West Texas, a waterfront home in Washington state, three interconnected apartments in Manhattan’s Century Tower, and a 12,000-square-foot Beverly Hills estate where Tom Cruise is a neighbor.
In close proximity to Amazon’s headquarters, his property in Medina, Washington has 5.35 acres and over 29,000 square feet of living area. In addition to the main residence, there is a cottage for the caretaker and a 4,500-square-foot boathouse on Lake Washington.
3. The worth of Warren Buffett is $65.5 billion Home: Omaha, Nebraska
Although he maintains various real estate ventures, Mr. Buffett, 86, is well-known for his modest lifestyle.
His home in Omaha, Nebraska, which he purchased in 1958 for $31,500, is situated on a corner lot. Since then, Mr. Buffett has lived there. The man with a net worth of nearly $65.5 billion resides in a quiet and comfortable 6,500-square-foot home that was expanded multiple times after its 1921 construction.
4. Mark Zuckerberg
Valuation: $55.5 billion Home: Palo Alto, California
The majority of the youngest entrepreneur’s money is invested in schools, healthcare, and other philanthropic causes. His real estate portfolio consists of his Palo Alto residence and a 9.9-million-dollar residence near Dolores Park in San Francisco.
Mr. Zuckerberg, 32, purchased a 5,000-square-foot Craftsman-style home in Palo Alto for $7 million in 2011. In the subsequent years, he paid around $43.8 million for the purchase of four homes surrounding his residence in order to maintain his seclusion. However, his proposal to demolish and reconstruct these four homes has stalled.
5. Larry Ellison
Valuation: $49.3 billion Woodside, California is where
Larry Ellison, 72 years old and executive chairman of Oracle, has a significant real estate holdings. He has acquired big portions of whole Malibu and Lake Tahoe neighborhoods. According to published sources, he has a $70-million mansion in Newport, Rhode Island, a garden home in Kyoto, Japan, and 98% of the land on Lanai, Hawaii’s sixth-largest island, which he purchased in 2012 for $500 million.
His mansion in Woodside, California, which is reported to be worth $110 million, is a replica of 16th-century Japanese architecture and includes a man-made lake measuring 2.3 acres.
6. The worth of Michael Bloomberg is $45 billion Manhattan, New York is home.
The 74-year-old former mayor of New York City, Michael Bloomberg, owns more than a dozen homes overseas. He spends the majority of his time at his Upper Estate Side home, but he also has estates in New York’s Hamptons, London, Bermuda, Colorado, and Florida.
Mr. Bloomberg’s townhouse, located at 17 East 79th Street, has a limestone facade and five levels. During his three tenure as mayor, Mr. Bloomberg opted to live in a townhouse rather than Gracie Mansion. Nonetheless, he has a plan to convert it into a mega-mansion. Since 1989, he has been steadily purchasing units at 19 East 79th Street, the townhouse co-op immediately adjacent to his current home. Bloomberg now owns five of the six units in the white 1880 Greek Revival-style structure, according to The New York Observer.