Where Do The Wealthiest Americans Live?

LuxuryJuly 11, 2017

America is home to some of the richest individuals in the world. The CEO Of Microsoft Bill Gates holds the distinction of being the richest among all Americans for 23 consecutive years. Bill has managed to relegate his friend Warren Buffet to the third position after 15 years. The bullish stock market price of tech firms is making it possible for CEOs to accumulate wealth faster than the average individual. Jeff Bezos, the chief executive officer of Amazon.com, is presently the second wealthiest American with a net worth of $67 billion.

Mark Zuckerberg, the CEO of Facebook has received his highest rank and jumped into the fourth place, having a net worth of $55.5 billion dollars. The founder of Oracle Larry Ellison is presently set at number five, which is a new position for him for the first time since 2007. While the wealth held by these individuals cannot be disputed, this narrative makes us want to know where these individuals reside. Where have they invested in for their everyday lives? Let us consider where the wealthiest Americans live.

“If past history was all there was to the game, the richest people would be librarians.” – Warren Buffett

Bill Gates

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Bill Gates is 60 years old, and his net worth is $81 billion. Gates spends his time in his 66,000 square feet mansion in Medina, Washington. He has nicknamed the mansion Xanadu 2.0 after considering the name of the title character’s estate in Citizen Kane. The mansion has an excellent overview of Lake Washington.

The mansion took seven years to build and is accompanied by many high-tech features. He purchased the land for the mansion for $2 million in 1998. However, the mansion is presently estimated to be $170 million.

Jeff Bezos

Jeff has a net worth of $67 billion and is 52 years old. During the process of building an e-commerce empire, Jeff also managed to invest in large swathes of real estate. He is the largest landowners in America. His residence is also located in Medina, Washington, but he is as well the owner of a 165, 000-acre ranch in West Texas along with a waterfront property in Washington. He is the neighbor of Tom Cruise, the celebrity who is famous as the character Ethan Hunt within the movie Mission Impossible because Jeff also owns a 12,000 ft.² estate in Beverly Hills.

The Amazon headquarters is located close to Jeff’s residence in Medina, Washington. Apart from his main residence Jeff also has a cottage for the caretaker and a 4500 ft.² boathouse on Lake Washington.

Warren Buffet

Despite being in the third position, Buffer is one of the shrewdest investors on the planet. Warren Buffet is aged 86 and holds a net worth of $65.5 million. He lives humbly in his home, which is on a corner in Omaha, Nebraska. Warren Buffet purchased the property in the late 50s for $31,500 and has been living there ever since. The construction of the house was originally completed in 1921 but has been subjected to several expansions to make it cozy and a comfortable abode of just 6500 ft.²

Mark Zuckerberg

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Apart from being worth $55.5 billion, Mark Zuckerberg is also the youngest among the individuals with high net worth. A major portion of his wealth has been invested in schools, health and a number of philanthropies. His home is located in Palo Alto, California. Mark Zuckerberg, who is aged 32, invested in the craftsman style 5000 ft.² Palo Alto home in 2011 for just $7 million.

He also invested in four other properties surrounding his home during the years that followed for $43.8 million. Unfortunately, his plans to rebuild the four properties he purchased have stalled for some reasons.

Larry Ellison

Larry Ellison who is the executive chairman of Oracle is 72 years old and perhaps the oldest among the five individuals listed here. He holds an extensive portfolio of real estate. Ellison has purchased large parts of entire neighborhoods in Malibu close to Lake Tahoe. He also is the owner of a $70 million Beachwood mansion in Newport on Rhode Island. On top of that, Larry Ellison owns 98% of the land in Lanai. Lanai which is the sixth largest island in Hawaii ($500 million). The estate he owns in Woodside California has an estimated value of $110 million and is modeled from 16th Century Japanese architecture. He also owns a 2.3-acre man-made lake.