Sizing up the homes of Bill Gates and other top members of the new Forbes 400 list
Have you yet to review the most recent edition of “Forbes 400: The Full List of The Richest People in America”?
Surprise! Bill Gates, who has an estimated $81 billion in wealth, is placed first for the 23rd consecutive year. With a net worth of $65.5 billion, his pal Warren Buffett dropped to third place for the first time in 15 years.
With a net worth of $55.5 billion, Facebook CEO Mark Zuckerberg shot up to fourth place, his highest position ever. Larry Ellison, the creator of Oracle, however, reached No. 5 for the first time since 2007. He has a $49.3 billion net worth.
The aggregate wealth of the top six multi-billionaires is $363.3 billion, the majority of which is still held as stock in the businesses they established. But a portion of their wealth is invested in real estate. For instance, Mr. Gates owns many horse ranches across the United States, a $170 million Washington residence, and holdings in a number of upscale hotel chains through his private investment company, Cascade.
1. Bill Gates
The majority of Mr. Gates’ time is spent at his 66,000-square-foot residence in Medina, Washington, which has been dubbed Xanadu 2.0 after the home of Citizen Kane’s title character. Overlooking Lake Washington is the home. The seven-year, $63.2 million construction of Mr. Gates’ technologically advanced home cost him a lot of money. In 1988, he paid $2 million for the lot, but today, records show that it is worth an estimated $170 million.
2. Jeff Bezos
The 52-year-old Mr. Bezos amassed a sizable number of real estate properties over the years as he built his e-commerce company, landing him the No. 26 slot on The Land Report’s list of America’s largest landowners in 2017. According to Forbes, he owns a 12,000 square foot Beverly Hills estate that is adjacent to Tom Cruise, a 165,000 acre ranch in West Texas, a waterfront home in Washington, three connected apartments in Manhattan’s Century Tower, and a house on a 165,000 acre ranch in West Texas.
3. Warren Buffett
He paid $31,500 for the house on a corner in Omaha, Nebraska, in 1958. Since then, Mr. Buffett has resided there. The mansion, which was initially constructed in 1921, underwent a number of additions to become the man’s pleasant and comfortable 6,500 square foot residence. His net worth is approximately $65.5 billion.
4. Mark Zuckerberg
The youngest businessman with the most money invests the majority of it in philanthropic endeavors like education and health. His real estate holdings also include a 9.9 million pied-a-terre in San Francisco, next to Dolores Park, and his Palo Alto residence.
For $7 million, Mr. Zuckerberg, 32, bought his first Palo Alto home in the Craftsman style in 2011. In order to further maintain his solitude, he purchased four of the homes that surrounded his property in the years that followed for around $43.8 million. However, his intention to demolish and then rebuild those four houses has been put on hold.
5. Larry Ellison
Larry Ellison, 72, the executive chairman of Oracle, owns a sizable real estate holdings. He has acquired significant portions of entire neighborhoods in Malibu and the area of Lake Tahoe. According to published sources, he also owns a garden mansion in Kyoto, Japan, a $70-million Beechwood Mansion in Newport, Rhode Island, and 98% of Lanai, Hawaii’s sixth-largest island, which he paid $500 million for in 2012.
His $110 million mansion in Woodside, California, has a 2.3-acre artificial lake and is designed after 16th-century Japanese architecture.
6. Michael Bloomberg
Michael Bloomberg, a former mayor of New York City, is 74 years old and owns more than a dozen properties globally. He resides most of the time at his Upper Estate Side home, but he also has properties in London, Bermuda, Colorado, Florida, the Hamptons in New York, and other places.