World’s Richest American and their Residence
Richest American in the world in the most recent edition of Forbes tells how much money of these moguls have and where did they actually live?
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.
CEOs of hot IT businesses appear to have been gaining wealth at a far faster rate than others thanks to skyrocketing stock prices of those companies. Jeff Bezos the CEO of Amazon.com, one of the richest american acquired $20 billion, bringing his net worth to $67 billion and placing him second in terms of wealth in the United States.
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.
Here are the homes that the six wealthiest businessmen reside in:
1. Bill Gates Worth: $81 billion Home: Medina, Washington
Mr. Gates, 60, spends the majority of his time at his 66,000-square-foot Medina, Washington, mansion, dubbed Xanadu 2.0 after the estate of Citizen Kane’s title character. The mansion has a view of Lake Washington. Mr. Gates spent seven years and $63.2 million to build this house, which is packed with high-tech features. According to public records, he paid $2 million for the lot in 1988, but it is now worth an estimated $170 million.
2. Jeff Bezos Worth: $67 billion Home: Medina, Washington
Mr. Bezos, 52, amassed a vast amount of real estate while building his e-commerce empire, landing him at No. 26 on The Land Report’s list of America’s largest landowners last year. According to Forbes, he owns a 165,000-acre ranch in West Texas, a waterfront home in Washington state, three linked apartments in Manhattan’s Century Tower, and a 12,000-square-foot Beverly Hills estate with Tom Cruise as a neighbor.
Based on the article of Mansion Global, his home in Medina, Washington, near Amazon’s headquarters, sits on 5.35 acres and has approximately 29,000 square feet of living space. There’s also a caretaker’s cottage and a 4,500-square-foot boathouse on Lake Washington, in addition to the main house.
3. Warren Buffett Worth: $65.5 billion Home: Omaha, Nebraska
Despite having multiple real estate investments and one of the richest american, Mr. Buffett, 86, is known for leading a humble life. His house on a corner in Omaha, Nebraska, was purchased in 1958 for $31,500. Mr. Buffett has lived there since then. The house, which was built in 1921, has been expanded several times to become a cozy and comfortable 6,500-square-foot home for the man with a net worth of more than $65.5 billion.
4. Mark Zuckerberg Worth: $55.5 billion Home: Palo Alto, California
The world’s youngest billionaire invests the majority of his fortune in education, health, and other philanthropic endeavors. His real estate holdings include his Palo Alto home and a $9.9 million pied-a-terre near San Francisco’s Dolores Park. Mr. Zuckerberg, 32, paid $7 million for his first Craftsman-style 5,000-square-foot home in Palo Alto in 2011. In the years since, he has purchased four of the houses surrounding his home for a total of $43.8 million in order to maintain his privacy. However, his plan to demolish and rebuild those four houses has come to a halt.
5. Larry Ellison Worth: $49.3 billion Home: Woodside, California
Oracle executive chairman Larry Ellison, 72, has a sizable real estate holdings. He has purchased entire neighborhoods in Malibu and around Lake Tahoe. According to published reports, he owns a $70-million Beechwood Mansion in Newport, Rhode Island; a garden villa in Kyoto, Japan; and 98% of the land on Lanai, Hawaii’s sixth-largest island, which he purchased in 2012 for $500 million. His $110 million estate in Woodside, California, is modeled after 16th-century Japanese architecture and includes a man-made 2.3-acre lake.
6. Michael Bloomberg Worth: $45 billion Home: Manhattan, New York
Former New York City Mayor Michael Bloomberg, 74, owns over a dozen properties around the world. He spends the majority of his time at his Upper Estate Side townhouse, but he also owns estates in the Hamptons, London, Bermuda, Colorado, and Florida.
Mr. Bloomberg’s townhouse at 17 East 79th St. is five stories tall and has a limestone exterior. Mr. Bloomberg lived in the townhouse rather than the Gracie Mansion during his three terms as mayor. He does, however, appear to have plans to convert it into a mega-mansion. He has been gradually purchasing units at 19 East 79th St., the townhouse co-op right next door to his current residence, since 1989. Bloomberg now owns five of the six units in the white 1880 Greek revival-style building, according to The New York Observer.
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